According to crypto analyst Alex Wacy, Centrifuge’s token, CFG, is poised for a parabolic rally in the near future. The tokenization industry has been experiencing significant growth and CFG has been a major player in this space. Currently trading at around $0.7, the price of CFG is expected to soar during the altseason.
Wacy predicts that CFG could reach as high as $2 in 2021, driven by an increase in demand and strong gains. In the past two months, the token has already seen a 13% increase in value, with a 40% increase over the past month.
Centrifuge is a top project in the DeFi/Real-World Assets space, with milestones such as minting MakerDAO’s first RWA and onchain securitization. The protocol has also recently partnered with BlockTower to enhance onchain funding for real-world assets. The team behind Centrifuge projects a growth to $1 billion in Total Value Locked and $4 million in network fees by 2024, with protocol fees being the main source of revenue.
The company has also partnered with Finoa to expand RWA investment opportunities for institutions, further driving the demand for CFG. Wacy believes that the potential targets for CFG are substantial, with a potential buy zone of $0.8 – $0.48 and a bull market target above the ATH at $5 – $7.
The chart shared by Wacy shows a clean and promising trend for CFG, further supporting his predictions. With the potential for CFG to reach new heights, investors should keep an eye on this token and its developments in the DeFi space.
Crypto analyst Alex Wacy predicts a parabolic rally for Centrifuge’s token, CFG, in the near future. The tokenization industry is booming and CFG has been a major player in this space. Currently trading at around $0.7, the price of CFG is expected to soar during the altseason.
Wacy projects that CFG could reach as high as $2 in 2021, driven by increasing demand and strong gains. Over the past two months, the token has already seen a 13% increase in value and a 40% increase over the past month.
Centrifuge is a top project in the DeFi/Real-World Assets space, with milestones such as minting MakerDAO’s first RWA and onchain securitization. The protocol has recently partnered with BlockTower to enhance onchain funding for real-world assets. The team behind Centrifuge projects a growth to $1 billion in Total Value Locked and $4 million in network fees by 2024, with protocol fees being the main source of revenue.
The company has also partnered with Finoa to expand RWA investment opportunities for institutions, further driving the demand for CFG. Wacy believes that the potential targets for CFG are substantial, with a potential buy zone of $0.8 – $0.48 and a bull market target above the ATH at $5 – $7.
The chart shared by Wacy shows a clean and promising trend for CFG, supporting his predictions. With the potential for CFG to reach new heights, investors should keep an eye on this token and its developments in the DeFi space.