Renowned crypto analyst The Crypto Dog shared his forecast concerning two popular altcoins: Aave (AAVE) and Curve DAO (CRV). In his assessment, he noted the potential for significant growth in the near future.
Forecast for AAVE
The Crypto Dog first spoke positively about Aave (AAVE). The analyst highlighted the successful testing of the support level at $107, which may lead to a significant rise in the altcoin's price. Currently, AAVE is trading at $111.62, showing an increase of more than 46% from the $75 level recorded on August 5.
Forecast for CRV
The Crypto Dog also commented on another DeFi project — Curve DAO (CRV). In his view, CRV could follow AAVE's path and also show growth. The analyst noted positive movement in CRV's Bitcoin pair (CRV/BTC), emphasizing that strong alternatives can succeed against Bitcoin. At present, CRV is trading at $0.313, which is over 70% above the $0.18 level recorded on August 5.
Warning to Investors
On the other hand, The Crypto Dog warned investors about the current sensitive position of altcoins. In his opinion, if altcoins fail to recover, a significant decline is possible. The analyst advises being cautious with potential purchases and keeping some funds in reserve.
In conclusion, The Crypto Dog sees potential for growth in AAVE and CRV despite the overall market instability of altcoins. Investors are recommended to closely monitor the situation and make informed decisions.
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