a Possible noticeable increase in curve. crvusdt Analysis:
Updated
🌟What is CRV🌟?
CRV is the governance token for Curve.
CRV is used for
1.Voting
2.Locking up to earn voting power and more tokens.
What is Curve?
Curve is a decentralized exchange for stablecoins made up of liquidity pools.
CRV Tokenomics
The Curve DAO is a fork of Aragon voting with a couple of added features like time-weighted voting.
You earn CRV by providing liquidity to any of the pools on Curve.
✅3 reasons why the price of Curve DAO Token (CRV) can grow more than 1000% in future:
Crypto friendly regulations, rising user activity and a recent collaboration with Yearn finance back Curve DAO Token’s recent triple-digit rally.
Over the past two mounths the entire DeFi sector has been in a strong uptrend and many of the top market cap tokens rallied by double and triple-digits. or more..
👉1.Yearn.finance collaboration
The noticeable uptick in trading volume for CRV began on Jan. 14 after Yearn.finance creator, Andre Cronje, tweeted a gif that read:
“Curve.fi presents, in collaboration with Yearn.Finance, permissionless pool creation. Stablecoin pools in 3 clicks. Crv.finance.”
👉2.Crypto friendly regulation creates opportunity for Curve
A second reason CRV has more than tripled since the beginning of 2021 relates to the recent stablecoin announcement from the United States Office of the Comptroller of the Currency.
👉3.Increasing user activity and total value locked boost fundamentals
A key factor in the success of any cryptocurrency project is the engagement of its community. For CRV, this is represented by metrics such as total value locked (TVL) on the platform and the volume of transactions per day.
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✅TECHNICAL ANALYSIS
As we can see in the logarithmic chart above, The current price you see in the weekly timeframe may form a hammer candle that indicates an uptrend. It should fluctuate around $ 2-3 and be in a range area .
although we haven't much data about the past of this currency but with Strong and at the same time with favorable conditions, the support with the support that you see in the green box and towards the goals with yellow, orange and red, respectively, the price targets of $ 6 and $ 23, and then even up to $ 200 or even more with a long-term vision in the future. Grow and although everything depends on the whole conditions of the crypto market.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
CRV is the governance token for Curve.
CRV is used for
1.Voting
2.Locking up to earn voting power and more tokens.
What is Curve?
Curve is a decentralized exchange for stablecoins made up of liquidity pools.
CRV Tokenomics
The Curve DAO is a fork of Aragon voting with a couple of added features like time-weighted voting.
You earn CRV by providing liquidity to any of the pools on Curve.
✅3 reasons why the price of Curve DAO Token (CRV) can grow more than 1000% in future:
Crypto friendly regulations, rising user activity and a recent collaboration with Yearn finance back Curve DAO Token’s recent triple-digit rally.
Over the past two mounths the entire DeFi sector has been in a strong uptrend and many of the top market cap tokens rallied by double and triple-digits. or more..
👉1.Yearn.finance collaboration
The noticeable uptick in trading volume for CRV began on Jan. 14 after Yearn.finance creator, Andre Cronje, tweeted a gif that read:
“Curve.fi presents, in collaboration with Yearn.Finance, permissionless pool creation. Stablecoin pools in 3 clicks. Crv.finance.”
👉2.Crypto friendly regulation creates opportunity for Curve
A second reason CRV has more than tripled since the beginning of 2021 relates to the recent stablecoin announcement from the United States Office of the Comptroller of the Currency.
👉3.Increasing user activity and total value locked boost fundamentals
A key factor in the success of any cryptocurrency project is the engagement of its community. For CRV, this is represented by metrics such as total value locked (TVL) on the platform and the volume of transactions per day.
---------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As we can see in the logarithmic chart above, The current price you see in the weekly timeframe may form a hammer candle that indicates an uptrend. It should fluctuate around $ 2-3 and be in a range area .
although we haven't much data about the past of this currency but with Strong and at the same time with favorable conditions, the support with the support that you see in the green box and towards the goals with yellow, orange and red, respectively, the price targets of $ 6 and $ 23, and then even up to $ 200 or even more with a long-term vision in the future. Grow and although everything depends on the whole conditions of the crypto market.
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
Note
Daily timeframe ANALYSIS
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