CVX Price Analysis March 2022

CVX is a token of the Convex Finance platform. Its current price is around $16.96 by writing, with a low of $1.88 in 2021 and a market cap of 915 million dollars.

What is Convex Finance?

Convex Finance is a platform that allows CRV token holders and Curves liquidity providers to earn interest on their tokens. This means that those people can earn a little more in Curve, encouraging them to hold onto their coins for longer. In addition, you can deposit Curve tokens to earn trading fees, boosted CRV tokens, and CVX tokens.

Ricardo Rosales founded it, and the native token of Convex Finance is CVX. It has performed well, and the platform itself has become a significant player in the DeFi scene. However, it’s important to remember that cryptocurrencies can fluctuate go on upswings & downswings.

What is CVX?

CVX is the coin of the Convex Finance platform, which is around $16.96 by the time of writing, with a low of $1.88 in 2021. Its current ranking is #80 according to CoinMarketCap, with a market cap of 915 million dollars.

CVX reached a high of $62.69, with a low of $1.88. It can be staked to earn a share of Curve LP’s CRV – this is a fund mainly composed of client conversations, expert data, and pricing data, as well as market information curated by the Convex team. 

CVX Coin Market Analysis 

It has a max supply of 100,000,000 coins worth around $16.96 with a market volume of 30 million dollars, whereas the market capitalization is 915 million dollars at writing. 

CVX Price Prediction

On the 4H timeframe, $CVX/USDT is trading downwards with a downtrend, and the price action has formed the Descending triangle. Currently, the price action is respecting the Support key level.

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Cvx Charts March 2022
CVX Charts March 2022
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Pratyaksh