CRV Price Analysis July 2022

CRV is a token of platform Curve. Its current price is around $1.25 by the time of writing, with a low of $0.5429, and has a market cap of 672 million dollars.

What is Curve?

The Curve is a stablecoin-focused crypto trading platform with an automated and computer-generated market-making system. They have multiple cryptocurrencies on the exchange, which keep the trade volume going. Curve DAO Token can be used as the base governance token to participate in voting. It is also used for network participants and liquidity providers as an incentive for providing valuable service to the community.

What is CRV?

CRV is the token of the Curve platform, which is around $1.25 by the time of writing, with a low of $0.5429. It reached a high of $6.74, and its current ranking is #66 according to CoinMarketCap, with a market cap of 672 million dollars. CRV is an Ethereum token that powers Curve.fi, a decentralized exchange protocol that makes it easier to swap between similar ERC-20 tokens (such as stablecoins and Ethereum-based Bitcoin tokens).

CRV Coin Market Analysis 

CRV has a total supply of 1,775,477,774 coins worth around $1.25 with a market volume of 310 million dollars, whereas the market capitalization is 672 million dollars at writing. 

CRV Price Prediction

Curve DAO token seems to be one of the top-gaining cryptocurrencies this year. In the past few months, CRV has been making a lot of progress and is considered a good investment in 2022. On the 1D timeframe, the price action of $CRV/USDT formed the Bullish Double Bottom pattern, where the price action broke out the pattern’s neckline successfully and went up impulsively. Currently, the price action is facing the Horizontal Resistance level, where a lower low is expected.

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Crv Price Chart July 2022
CRV Price Chart July 2022

Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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Pratyaksh

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