Curve Fundamental Analysis
Curve is a decentralized exchange platform for stablecoins that uses AMM (automated market maker) known as Curve.fi to manage the liquidity. The platform is optimized to provide low slippage and a low fee. Assets can be exchanged automatically and without permission. It’s a non-custodial platform, so the users have full control of their tokens.
To manage automated trading the platform uses liquidity pools. Curve relies on the liquidity pools and rewards users who fund those pools. Each liquidity pool contains the pair of tokens supported within the pool itself. Pools consist of similar assets to increase users’ profits and to reduce impermanent losses.
Curve offers users an option to lock the assets they hold for a long time (up to 4 years), so they can earn more liquidity and receive more in trading fees, which depend on the trading volume.
The project was launched in January 2020 by Russian scientist Michael Egorov and is known as a DeFi phenomenon. In the second part of the 2020 Curve DAO saw significant growth.
Curve DAO token is an Ethereum-based token that uses an automated market maker to allow users to swap between two similar ERC-20 tokens, including stablecoins such as DAI and USDC, and also Bitcoin tokens based on Ethereum, such as renBTC and wBTC. Curve token can be also used to govern the network.
The total Curve token supply is 3.03 billion coins with more than half of them (62%) distributed to the liquidity providers. The rest goes to shareholders (30%), to the community reserve (5%), and to the employees (3%). At the moment of publishing the circulating amount is 390 million tokens.
Curve Price Chart
Curve token price from the beginning of the year was following bullish trends and steadily growing. In 10 months token increased its value from the price level of $0.6 to $4.51 at the time of publishing. It gained over 600% during 1 year and was called “one of the most efficient DeFi projects”.
Main growth happened at the same period as most of the crypto assets grew. Curve token gained most of its price from the end of February till the beginning of June. After that following the whole crypto market going down it lost in value but recovered in a short time and increased in price rapidly.
Recently along with the whole crypto market bull run Curve DAO Token outperformed Bitcoin, Doge, and Shiba Inu in the weekly gains surging 74,49% in 7 days period.
Curve Technical Analysis
Despite the fact that 100% accurate technical analysis for Curve cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated CRV buy-and-sell rating for selected timeframe. The summary for CRV/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Curve Price Prediction
Below we have collected the most reliable price projections for Curve (CRV) from popular forecast platforms.
WalletInvestor CRV Price Prediction for 2021, 2023, 2025
According to WalletInvestor, Curve price will grow from $5.188 to $6.398 in one year. That makes CRV an awesome investment. The long-term earning potential is 23.32%. Predicted price for the end of 2026 is $15.544.
TradingBeasts CRV Price Prediction for 2022
Answering the question about if Curve DAO Token is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $4.05343 with a reduction to $3.96984 by the end of 2022.
DigitalCoin CRV Price Forecast for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of Curve DAO Token cryptocurrency will rise in the next 5 years starting from $4.2686438 as of today’s price to $16.4982793. It will go up to $7.2316346 by 2022 and continue its growth in 2023–2024. Based on this forecast, Curve DAO Token is a profitable long-term investment.
As it can be clear from the analysis cited above, Curve (CRV) projections are rather contradictory. There is no universal consensus either about positive or negative future CRV price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Curve projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 700 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.
SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 800 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.
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