Curve Finance Sheds 31% Of Value In Last 30 Days – Are Things Really Bad For CRV?

The price of Curve Finance's native token, CRV, has been falling precipitously in recent weeks as the bears have pounced. The present bear market has been relentless in its assault on traders and investors.

Timeline of Curve-dao-token

Curve Finance's CRV didn't witness the best price action in the last 30 days and showed no sign of recovery CRV's on-chain metrics too had also been full of decreases and dormancy Curve Finance [CRV], which was the subject of a good performance some months back, had lost 30.

According to WhaleStats, Curve Finance [CRV] joined nine others as part of the top ten traded by Ethereum [ETH] whales on 4 November. The whale tracking platform showed that the top 100 whales had engaged about 5,000 CRV in trading activity within the period.

Curve Finance [CRV] stood tall amongst the rest as its Total Value Locked (TVL) surged incredibly as of 22 October. At the time of writing, DeFi Llama showed that CRV's TVL was $5.69 billion.

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.

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.