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The cryptocurrency market has seen a remarkable surge across January 2023, with many digital assets showing an upward trajectory. Established coins with a proven growth track record are among the market leaders, while altcoins have shown phases of price breakouts.
A v-shaped bullish reversal from the $3 psychological support surged the Convex Finance coin 67% higher to reach the current price of $5.054. The bullish rally is currently challenging a monthly resistance of $5, offering further growth potential for coin holders.
On January 11, 2023, RVN, CLV, CVX, ANT, and PHA became available to buy on Okcoin in the United States. Withdrawals will be available soon, the Okcoin team confirmed.
Unlike the majority of major cryptocurrencies, the convex finance coin started its recovery rally a bit late, that is, from the second week of January. However, this altcoin made up for the lost time, as it witnessed a nearly perpendicular growth in the last ten days.
Convex issues an update to its staking mechanism amidst competition from Yearn Finance and Stake DAO.
As part of its 2023 reforms, Convex Finance [CVX] announced some changes to the way staking works on its protocol.
Thanks to the underlying innovation, nuclear fusion stocks to buy may become a viable topic as the tech gets fleshed out.
In spite of its sixth position on the Total Value Locked (TVL) standings, Convex Finance [CVX] failed to send the DeFi TVL to its lowest since February 2021. The Curve Finance [CRV]-based staking platform defied the trend shown by other top protocols, leading to a 34.44% increase in the last 30 days.
BeInCrypto takes a look at five altcoins that decreased the most from the entire crypto market last week, more specifically, from Nov. 25 to Dec. 2. The post Convex Finance, Curve DAO Token, Nexo, Solana, and Bitcoin Cash Take a Beating This Week appeared first on BeInCrypto.
The Convex Finance (CVX) price stands at the neckline resistance($6) of an inverted head and shoulder pattern. A bullish breakout from this resistance offset the ongoing consolidation and bolstered a new recovery rally for CVX.
This article is all about the top 5 cryptocurrencies that displayed good performance in the last seven days. Let's take a look at it in more detail.
According to the data from Dune Analytics, of the 16 unlocks scheduled to free up vote-locked 52.2 million CVX tokens, only one is left to go.
Convex Finance, a DeFi protocol built on Curve Finance, commenced unlocking its CVX tokens as of 30 June. This was undertaken to combat the limited liquidity crisis that hindered the swapping of CVX tokens to Ethereum [ETH] on its protocol.
The USD's DXY Index is again ranging at a 20-year high ahead of the FOMC meeting, interestingly, Bitcoin price is also trading above $19,000 at the moment.
The cryptocurrency market has experienced modest gains over the past day after trading significantly below average to begin the week. Despite investors' cautious optimism about coin prices, it appears that there are still opportunities to profit.
A new project in decentralized finance (DeFi) is surging and could be making its way to the top 50 list of cryptocurrencies. We are talking about Uniglo (GLO), one of the latest project additions to the Ethereum blockchain. This surge says a lot considering that the Uniglo project has yet to publicly launch.
Convex Finance recovers from the previous day's meltdown. The price is gliding in a short-term trading range of $1.22 and $1.00.
3AC takes out a big chunk of their assets On Curve & Convex with vague intentions
It hasn't been a good time for CVX holders lately, with the altcoin falling by a significant margin on the charts lately. Convex Finance is a DeFi protocol housed within Curve Finance.
The CVX/USDT technical chart shows the last two months' recovery rally wobbling between two trendlines, indicating the formation of a parallel channel pattern. The recovery rally has marked its recent top at the $8.23 mark indicating a 143% gain from the June bottom support of $3.4.
To combat limited liquidity in its pool, Convex Finance, a DeFi protocol built on Curve Finance, commenced the weekly unlocking of vote-locked CVX tokens on 30 June. The weekly unlocks are scheduled to span 16 weeks (16 unlocks) and see to the unlocking of 52.2 million CVX tokens.
The entire crypt market continued its downfall for the second day, with Lido DAO taking the lead in wiping out $92.2 Billion.
With the exception of Trust Wallet Token, every other altcoin among the top 100 cryptocurrencies in the world has traded in the red.
The Convex Finance (CVX) price started the new week with a decisive breakout from the $7 resistance. Following a three days retest, altcoin resumed the prevailing recovery, charging straight to the next supply region of the $9 mark.
