Curve DAO Token (CRV) Price Aims for Breakout Above $1

The Curve DAO Token (CRV) price has possibly completed its correction and will confirm this with a breakout from the current wedge pattern. The post Curve DAO Token (CRV) Price Aims for Breakout Above $1 appeared first on BeInCrypto.

Timeline of Curve-dao-token

The year is rounding up, and investors in the blockchain industry have seen the cryptocurrency marketplace value drop exponentially. Although the industry is on a downward slope, there are still some cryptocurrencies that are worth investing in before the end of 2022.

With the current liquidity provided at its February level, new data from the on-chain analytics platform, IntoTheBlock, revealed a consistent decline in key ecosystem metrics on Curve Finance.  Housed within the Ethereum network, Curve Finance is a decentralized exchange that focuses primarily on efficient stablecoin trading.

Following the August second half correction, the Curve Dao coin price plummeted to the $1-$0.988 support. Since last month, the altcoin cushion at this support indicates the traders are buying at dips.

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.

Curve Finance founder Michael Egorov comments on the potential launch date for its upcoming native stablecoin crvUSD. The post Curve founder says it's ‘possible' crvUSD stablecoin will launch next month appeared first on The Block.

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.

Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance (defi) platform Curve saw roughly $570 million siphoned from the application on August 9.

Binance has announced that it has seized assets worth around $450,000 that is linked to the Curve Finance exploit that occurred a few days prior. This is the second large-scale seizure of funds linked to the exploit, with Fixed Float seizing around $200,000 worth of assets that the hackers deposited.

Curve Finance [CRV], the on-chain liquidity exchange, was attacked in what was termed a “DNS cache poisoning” on 9 August. This exploit capitulated CRV as the price plunged from $1.48 on 8 August to $1.25 on the event day.