A crypto trader, well-known for his unconventional predictions, believes that two DeFi altcoins are set to see significant gains in the near future. Going by the name Credible, this analyst shared his positive outlook with his 398,100 followers on X, highlighting Curve (CRV) and Convex Finance (CVX) as his top picks.

Curve Finance focuses on stablecoins and operates as a decentralized exchange, while Convex Finance works to enhance yields for locked tokens on Curve. Credible pointed out that both of these altcoins are poised for a rally, especially after Curve’s founder, Michael Egorov, faced liquidation on June 13th.

“I’m seeing signs of potential growth for CRV and CVX in the short term. It could be the beginning of a strong recovery. With [Michael Egorov] out of the picture, the DeFi giants can now move forward without any hindrances.”

Following Egorov’s liquidation, both CRV and CVX have been on the rise. CVX saw a surge to $4.77 on June 17th, marking a remarkable 157% increase from its recent low of $1.85. Credible is optimistic that CRV will soon follow suit.

“We can expect a shift towards quality and utility. In my opinion, CRV is next in line for a positive trend.”

Despite a slight pullback from their recent peaks, Credible believes that there is still plenty of room for growth for both altcoins.

“CRV – $2
CVX – $15
Key resistance levels. I may consider taking profits from leveraged positions at these levels. Holding onto spot positions until we reach new all-time highs.”

As of now, CVX is trading at $3.30, while CRV is valued at $0.314.

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