As the crypto market crosses the $3 Trillion valuation, the altcoin season heats up. Amidst this, a DeFi token, Convex Finance’s CVX, aims to regain the uptrend and scale back to new heights. With new and improved sentiments, the market is ready to hit new highs every other day.
Are you one of the many who are keen on the project’s developments and CVX’s price predictions? If yes, then buckle up, as this write-up will take you through the plausible targets for 2022 and the years to come!
| Cryptocurrency | Convex Finance |
| Token | CVX |
| Price | $ 2.09558275 |
| Market cap | $ 207,798,530.1435 |
| Circulating Supply | 99,160,259.7754 |
| Trading Volume | $ 16,891,240.4757 |
| All-time high | $ N/A |
| All-time low | $ N/A |
| 24 High | Coming soon |
| 24 Low | Coming Soon |
*The statistics are from press time.
With the Bitcoin price nearing $100k, the bull market is driving the CVX price higher. Furthermore, the rising demand in the DeFi segment will prolong the uptrend in this token.
All the bolstering of community standards can lead to the maximum possible price of $6.98. However, a fall in community strength and volumes could curb the price to lows of $2.48. That said, an equilibrium in buying and selling pressures could land CVX at $4.28.
| Year | Low Price ($) | Average Price ($) | High Price ($) |
| 2024 | 2.48 | 4.28 | 6.98 |
Developmental initiatives deployed by the team behind Convex Finance could bring in notable investments and adoptions. In such a case, the price of CVX could shoot up to a maximum of $18.52. In contrast, emerging rivals and stiffer competition could slump the price to $8.69. Successively, the regular price could be at $13.32 by the end of the year.
| Year | Low Price ($) | Average Price ($) | High Price ($) |
| 2025 | 8.69 | 13.32 | 18.52 |
Also, read our Yearn. Finance Price Prediction 2024-2030
| Year | Potential Low | Average Price | Potential High |
|---|---|---|---|
| 2026 | $24.95 | $37.76 | $50.07 |
| 2027 | $27.45 | $41.53 | $55.07 |
| 2028 | $30.19 | $45.69 | $60.58 |
| 2029 | $33.21 | $50.25 | $66.64 |
| 2030 | $36.53 | $55.28 | $73.30 |
The token has been showcasing risky articulating sections in recent times. As per the in-depth technical analysis of Convex Finance by CoinPedia. Further, CVX is expected to trade at a peak of $6.982 in 2024. Conversely, the token’s price could chug down to $2.478 by the end of the year.
| Year | Low Price ($) | Average Price ($) | High Price ($) |
| 2024 | 2.48 | 4.28 | 6.98 |
| Firm Name | 2025 | 2026 |
| Wallet Investor | $1.646 | $0.694 |
| Digital Coin Price | $10.96 | $13.49 |
| Trading Beasts | $4.9055 | $6.01281 |
Click here to read our price prediction of Stacks (STX)!
Convex Finance is a yield optimizer for the Curve Finance framework, that seeks to help CRV bump up the ecosystem. Further, the protocol enables everyone to leverage the asset’s staking method, offering special incentives. Convex Finance uses the blockchain to communicate with the DApps.
CVX is the project’s native token. Token holders can remit their tokens on the forum and retrieve them anywhere at any time, while taking a percentage of the system fees. Further, Convex was also encouraged when it was first listed on the OKEx exchange platform and collaborated with the decentralized Finance (DeFi) portfolio management application Zerion.
Convex Finance is a decentralized finance (DeFi) platform built on the Curve Finance protocol, designed to enhance yield farming and liquidity provision for CRV token holders. Company Details Founded: 2019 Key Features: Prevents users from locking their CRV tokens in order to receive extra rewards on their Curve LP tokens. Enables users to manage their assets and stake their tokens with ease through their user-friendly interface. Users have flexibility in managing their assets as they can withdraw their money whenever they want without facing lock-up periods. Enhances the overall yield farming experience by providing incentives to liquidity suppliers.
The distinctive economic framework of Convex Finance plays a vital role in the Curve Battle. Its primary intention is to amass as enough TVL as possible to accomplish the protocol’s objective of influencing curve finance
In other words, Convex Finance addresses CRV holders and Curve liquidity providers. It does so in two ways: Curve LPs obtain bolstered perks for staking their LP tokens via Convex, while CRV owners earn cvxCRV for betting the CRV. Overall it is considered a good investment in the long term.
Convex Finance debuted on May 17, 2021. The project was developed by an unknown team of developers. Moreover, Convex Finance is regarded as one of the vital and influential platforms amongst DeFis for its relatively lower risk.
To read our price forecast for Terra 2.0 (LUNA) click here!
The coin has strong fundamentals, it can prove to be a good hold in the long term.
The circulating supply of CVX counts at 63,657,843.28 CVX.
CVX is available for trade across prominent cryptocurrency exchange platforms such as Binance, OKX, and Bitget amongst others.
The price of the altcoin might soar to a maximum of $16.982 by the end of 2024.
CVX’s price could propel to hit its potential high of $45.515 by the end of 2025.
A new meme coin that is gaining significant attention in the cryptocurrency market is Influencer…
While Bitcoin hovers near its recent range lows, a quiet shift is taking place in…
Dogecoin has experienced a significant decline in the past few hours, facing a sharp selloff…
ICB Labs continues its global expansion, strengthening its blockchain ecosystem through strategic collaborations, enhanced staking…
Are you a crypto newbie who wants to become a crypto whale? If so, you've…
The crypto landscape has been stunned by the rapid success of Remittix which obtained over…
