Curve DAO Token (CRV) has been in the center of controversy with founder Michael Egorov facing significant liquidation, negatively impacting the coin’s price. Despite the turmoil, Binance announced huge backing support for Curve during the liquidation crisis, and Binance Lab made a $5 million investment in the token. CRV experienced a 50 percent crash to an all-time low amid downward spiraling, with DWF Labs dumping 12.5M of the token at a loss. Despite the turbulence, CRV managed to record double-digit gains amidst a market rally, smashing the price resistance of $0.57. The token also exhibited some recovery signs as the CRV inflation reduced to 6.35%. Curve Finance proposed a 10% token burn amid the liquidation crisis and unlocked potential with crvUSD fee switch, possibly enhancing its sustainability. Uniswap acquires DEX market cap leadership, but Curve managed to dominate trading volume. An optimistic prediction is placing the CRV price jump at $100 by 2024-2025. The company also announced a compensation amounting to $44 million for the victims of a hack in July.
Curve DAO Token News Analytics from Fri, 14 Aug 2020 07:00:00 GMT to Tue, 10 Sep 2024 06:17:18 GMT -
Rating -7
- Innovation 2
- Information 5
- Rumor -3
