Clover Finance (CLV) has been making rounds in the market on account of its recent performance as the network saw some interesting developments. The cryptocurrency can be observed to be undergoing a consolidation phase with steep uptrends. Currently, CLV is trending upwards. At the time of writing, the token stands at a price level of $0.54 with a daily increase of 27% in the price level. Moreover, the activity on the network has also surged upwards as the daily trading volume records a massive growth of more than 800%. This has led to some community members believing CLV can even break $1 soon.
Recent developments
Clover Finance is essentially a blockchain-based operating system that aims on providing blockchain infrastructure to make the technology accessible and easy to use. It offers a multitude of services to fulfill its mission – including storage, smart contracts, DeFi, cross-chain bridge, and more.
The platform has been on a roll in terms of developments as the new year began. It launched its mainnet staking during January which had resulted in an upside surge for the CLV token. The staking mainnet allowed users to stake their CLV tokens in return for contributing to the network and earning high gains, through their mobile phones. Binance – the leading crypto exchange – has also enabled credit/debit card purchases for CLV and some other tokens.
Clover Finance has been working towards expanding its scope from Defi interoperability to the multiverse and Web 3.0 through recent partnerships. It recently announced a partnership with HyperJump – which is a fun-themed play-to-earn and farm-to-earn cross-chain DEX on Fantom and Binance Smart Chain. The platform has integrated CLV’s multichain wallet, enabling a multiverse experience for both platforms. CLV’s platform also partnered up FibSwap Dex – a multichain bridging system – for helping the growth of multichain decentralized finance. Another partnership with Akropolis has been geared towards the development of Web 3.0
Clover Finance future outlook
While the future outlook of Clover Finance is bullish, it might not be able to break $1 during this year – at least. According to the estimates of Digital Coin Price, CLV is expected to end the year with a price level of $0.86 and cross $1 by 2023. Another analytics website is not as bullish on the token and suggests the price to be trading close to the current price by the end of the year; however, the long-term trend is expected to be positive as Clover Finance is estimated to reach $3.48 in five years’ time.
