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How Curve Finance bounced back, departed tumbling state

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Here's a detailed explanation of CRV's recovery after an initial FUD. While the protocol health improved, sentiments stayed gloomy.

remained negative. As a measure of the balance of crowd commentary on social platforms, the metric considers positive and negative perceptions around a token.

Therefore, the weighted sentiment at -0.93 suggests a developing pattern where the average acumen toward CRV was cynical. However, when the negative funding rate is extreme, it could serve as a catalyst to shift an asset price away from the downtrend. And this was what happened with CRV.Meanwhile, Curve’s social volume increased up until 15 June. This metric shows the number of times search terms linked to an asset. So, the hike implies that CRV was on the radar of the crypto community between the decline period and the revival.Though CRV’s health improved, the Total Value Locked did not follow suit.

 

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