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With the markets still down significantly from ATHs, many are wondering which cryptocurrencies provide the best potential for returns in the coming weeks and months.
Curve Finance is taking steps into new territory for DeFi platforms, unveiling early code for the first ever DEX-native stablecoin.
Coinspeaker DeFi Platform Curve Finance Nears Issuance of Native Stablecoin crvUSD
Yesterday, the developers of Curve Finance's upcoming overcollateralized stablecoin crvUSD uploaded its code onto GitHub.
The Curve Dao(CRV) has been walking a sideways trend for nearly four months. A cup and handle pattern forms on the weekly time frame chart, reinforcing a bullish reversal sentiment among market participants.
Data from IntoTheBlock, a blockchain analytics platform, revealed that CRV, the native token of leading decentralized exchange, Curve Finance, enjoyed significant whale accumulation in the last month. According to IntoTheBlock, whale addresses holding between 100k to one million CRV added about 10.2 million CRV tokens to their portfolios.
At the resistance level of $0.
It has been evident that the cryptocurrency market has been trying to regain price and trading volume over the past couple of weeks.
On August 14th, the CRV/USDT pair reverted from the $1.44 resistance with an evening star candle. The resulting downfall accelerated by the widespread correction in the crypto market tumbled the price by 31.5%.
With CRV prices making an bearish candlestick after 10% of overnight fall, the CRV prices revert back to the support trendline. Moreover, the RSI indicator shows a bullish trend in motion, neglecting the sharp overnight fall.
If the Curve (CRV) price creates more additional uptrends, it will be technically and fundamentally ready to break above the $1.3 level.
The CRV/USD downward trend started on the 14th of August. It took the price to the low of $0.99734776 from$1.
An ascending trendline assisted buyers during the recent recovery rally and pushed the CRV price to the $1.5 mark. This bull run accounted for a 173% growth in the past two months.
As far as DEXes go in the crypto market, Curve Finance is usually spotted among the top-performing exchanges. However, since the past month or so the DEX has been massively underwhelming.
Curve Finance plunged further in July due to a drop in the demand for cryptocurrencies by individual whales and institutional investors. The post Curve Finance Volume Plunges More Than $4B to Hit 2022 Low appeared first on BeInCrypto.
Curve Finance [CRV]‘s current status in the DeFi may have left its investors in uncertainty. This is because the Total Value Locked [TVL] of the Decentralized Exchange (DEX) took a big hit over the last seven days.
In a year that has seen bear market slams and the collapse of certain coins, another one seems to be collapsing.
Community-led cryptocurrencies have been gaining traction in the last few months. While lots of people are attracted to the financial upsides of the crypto space, many projects have faltered because they don't involve their users enough. With fully DAO-compliant cryptocurrencies, holders are listened to carefully and rewarded for their loyalty.
Chuck Self of Tandem Wealth discusses what a mixed bag of data on housing and mostly positive earnings from major retailers says about the state of the economy, and whether the markets are fully pricing in future rate moves by the Fed.
CRV has been rejected from both a diagonal and horizontal level while trading amidst anticipation of a bullish comeback.
Curve DAO Token (CRV) has been rejected by both a diagonal and horizontal resistance level. The trend cannot be considered bullish until the price breaks out.
After a disastrous hack left DeFi exchange Curve Finance with over $570,000 lost, there has been much discourse in the crypto community over the safety of the platform and what the future holds. As of the writing of this article, Binance (BNB) has revealed that they have been able to recover $450,000 of the stolen finances, with an overall goal to see the rest of the stolen finances returned to users and for the hacker to be identified.
Changpeng Zhao thinks using GoDaddy for DNS is what made Curve susceptible to the hack.
Changpeng Zhao, the CEO of Binance, has recently stated that his team has recovered some of the funds stolen from Curve Finance. According to Zhao, the hacker had deposited part of it on the Binance platform.
