Should Curve Finance [CRV] investors be thrilled by this whale attention

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 68%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

According to WhaleStats, Curve Finance [CRV] joined nine others as part of the top ten traded by Ethereum [ETH] whales on 4 November. The whale tracking platform showed that the top 100 whales had engaged about 5,000 CRV in trading activity within the period. JUST IN: $CRV @curvefinance now on top 10 by trading volume among […]

indicated a price uptick for the on-chain liquidity token. As of 4 November, CRV was exchanging hands at $1— a milestone it had failed to reach since 18 September.

However, the landmark would have been impossible without the rising volume. The price tracking platform revealed that CRV’s volume had increased 56% between 3 and 4 November to reach $108.23 million. This indicated that an improved number of CRV transactions rallied round the network within the aforementioned period.which was 184 on 2 November had decreased to 125 at press time. Due to the reduction, CRV might need to lower their expectations of a continued price increase.

, CRV’s TVL was $5.95 billion as of 4 November. This was a 2.88% increase in the last seven days. Thus, this implied that the chains under the Curve protocol had relatively attracted more liquidity deposited despite its shortcomings in adding more investors.Considering the CRV status, it was not uncommon for investors not to try grabbing a share of the profits. However, on-chain indication might require caution rather than excitement.that CRV might be exiting its undervalued state.

In addition, the current z-score was higher than the value it was on 2 November. Besides, the CRV realized cap aiming higher than 15.29 million meant that the price assigned to CRV was at risk of a decrease. Still, remaining in a more neutral position might be the next for CRV after this uptick ends.Subscribe to get it daily in your inbox.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 22. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Skyward Finance exploit leads to $3 million loss, decoding detailsBarely three days into the month of November and the crypto space has already seen multiple hacks. The exploit carried out on Skyward Finance has become the latest addition to this month’s string of hacks. Skyward Finance is a fully permissionless open-source launchpad on the NEAR protocol. The firm revealed earlier on 3 November that […] skywardfinance has said that this exploit has no effect on previous or ongoing token sales. All users have been instructed to withdraw their funds and stop using the platform. NEARProtocol NEARProtocol
Källa: CryptoAmb - 🏆 22. / 68 Läs mer »

Personal finance tips to prepare for a potential recessionAdvice about saving, investing and navigating the job market from Canadian personal finance experts
Källa: globebusiness - 🏆 31. / 66 Läs mer »