Crypto Strategist Says XRP Looks Bullish, Traders Sleep On Two Neglected Altcoins

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A popular crypto-trader and analyst says XRP looks bullish while also highlighting two more altcoins on its radar.

The trader known in the industry as Credible tells his 243,400 Twitter followers that digital currency XRP looks set to rise against Bitcoin (XRP / BTC).

Bullish. XRP

Source: Credible / Twitter

The crypto analyst shares the reverse chart of XRP / BTC, which shows the pair is set to rally at 0.000055 BTC, valued at $ 2.54. The move represents a potential upside of over 160% from its current value of 0.000021 BTC ($ 0.89).

Credible is also bullish on the decentralized Curve (CRV) and Pancake Swap (CAKE) exchanges.

The crypto strategist shares data from decentralized finance analysis (DeFi) company Coin98 Analytics, showing that CRV is the leader in the decentralized forex market in total locked-in value (TVL) with more than $ 13.2 billion since the beginning of the year. CAKE ranks third with $ 4.74 billion in TVL for the same period.

Many people [are] sleep on CRV (and therefore CVX) and CAKE. I’m not. I’ve been charging these three for a month or two. There is still a lot of time to get on board but this will not be the case for a long time.

The crypto trader also gives an update on Bitcoin (BTC). He expects altcoins to steal as Bitcoin sits short, sending the Bitcoin dominance chart to new all-time lows.

We reached 49% on BTC [dominance], 1% less than my target. Close enough. BTC is expected to collapse in the coming weeks / months, allowing alts to rally and send BTC dominance to new all-time lows.

Source: Credible / Twitter

The Bitcoin dominance chart shows the market share of BTC relative to the market cap of all other crypto assets.

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