The total value locked on Curve expanded swiftly to attain pre-FTX levels. Native token CRV’s price and market cap are at the risk of a pullback. According to a report on DeFi blue chips by on-chain analytics firm OurNetwork, Curve Finance [CRV] remained the largest decentralized exchange (DEX) by total value locked (TVL), underlining that the […]
over-collateralized stablecoin. Unlike other automatic market makers , Curve’s liquidity pools mainly consist of similarly behaving assets like stablecoins. The entry of one more stablecoin in the market might have given an impetus to Curve’s LPs.to the platform. The net effect of all the aforementioned factors could have fueled Curve’s adoption.
from CoinMarketCap. This indicated that the network was still undervalued and there was room for further growth.The surge in market cap was powered by the bullish run of native token CRV, during which its price almost doubled. However, the rally halted on 19 January and since then price has moved in a range with the resistance at $1.1.
The Relative Strength Index has descended from the overbought zone and consistently made lower-highs and lower-lows. This signaled that price could break to the downside from the range. The Awesome Oscillator was in red which supported the ideal of a pullback.Subscribe to get it daily in your inbox.
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