Two DeFi altcoins that could reap big profits, according to a crypto expert

A well-known crypto trader claims that two DeFi altcoins are poised to make impressive profits.

The analyst, known under the pseudonym CrediBULL Crypto, shared that the prospects for the two altcoins in question – Curve Finance and Convex Finance – are great.

Curve Finance is a decentralized exchange that deals in stablecoins, while Convex Finance increases the efficiency of Curve, optimizing the yield of locked tokens.

According to the analyst, both altcoins will rise after the liquidations of the founder of Corners , Michael Egorov, on June 13.

“I'm seeing low time frame pulses on CRV and CVX. This appears to be the start of a significant recovery. S liquidations Egorov no longer worries about this problem. I believe that the leaders in the DeFi sector can now [freely move up].”

Since Egorov's liquidation, CRV and CVX have been on an upward trajectory. On June 17, CVX rose to $4.77, up more than 157% from the previous week's low of $1.85. The expert expects the CRV to follow the example of the CVX.

Although CVX has retreated from its recent highs, Credible hard , that both altcoins have significant upside potential.

"CRV - $2
CVX – $15

These are major resistance levels. I will probably take profits from the leveraged long positions at these points, but we will hold our spot positions until new all-time highs are reached.”

At the time of writing, CVX is trading at $3.67, while CRV is valued at $0.332.