According to coinmarketcap, the maximum supply of CRV is around 3B CRV and the circulating supply is around 433M CRV. It holds the 72nd rank according to market cap and has a market dominance of about 0.09%.
At the time of writing, CRV is being traded at the price of $5.23 with an increase of almost 8.71% in the last 24 hours. CRV is a really strong token fundamentally. The maximum and minimum today are $5.48 and $4.59 respectively. The daily trading volume has also increased by almost 52.48%. CRV had created its ATH in August 2020 and reached a price of almost $23. The price later dropped down to a price of almost $0.4. Since then the price started moving upwards and has been on the same trajectory since then. The past two months have been bullish. In October, we saw an increase of about 89% and in December, it was around 15%.
Technical Analysis – Curve Dao (CRV)
A lot is happening on the daily chart of CRV. The first thing of interest is the formation of the pole flag pattern that the price is currently forming. It can be seen that the price had created a pole and then a flag. This has resulted in a drop in the price. After this, the price rallied up to create the second part of the structure and created an order block on the way.
Now the drop had occurred and the unmitigated areas might drive the price upwards from where it can face rejection. This rejection would ultimately cause the price to drop down to the order block which was formed and as a result would also complete the pole flag pattern.
Invalidation in this scenario would be the price going upwards and becoming stable. This would result in the creation of a new higher high. Of course, lower time frame confirmations should be taken into consideration to have a cleaner entry into the market.
Price Prediction – Curve Dao (CRV)
According to wallet investors, CRV is a good investment but does not provide a great return. According to them, CRV is supposed to reach the value of $6.90 in a single year and in five years the price is expected to reach a value of $12.5. But people who trade are quite optimistic about the price and think that it would reach quite a high value.
