Cryptocurrency Price Prediction

Curve DAO Price Prediction: Will CRV Price Soar To $10 In 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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May 6, 2022

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The crypto sphere had seen astounding growth trajectories in the bygone year. A host of revolutionary projects came into action to offer investment opportunities. Successively, the Curve DAO has been a project that intends to cater to users who are connected with DeFi activities. Like liquidity mining and yield farming. 

The platform intends to profit traders who wish to maximize their returns by hodling stable coins. Are you one of the many who are keen on investing in CRV, but doubtful of its returns? Fret not, as this writeup will illustrate the plausible price predictions of the altcoin for 2022 and beyond. 

Overview

Cryptocurrency.Curve DAO.
Token.CRV.
Price.$4.76.
Market Cap.$2,059,894,331
Trading Volume.$425,470,308
Circulating Supply.432,887,222.53 CRV
All-time high.$ on, 2021.
All-time low.$0.3829, October 23th, 2020.

Curve DAO’s (CRV) Price Prediction For 2022 

Potential LowAverage PricePotential High
$5.428$6.5$7.813

  CRV had entered the year with a price tag of $5.303. The altcoin had initiated a bullish leg-up starting from the first day of the year itself. The leg-up carried the price 24.32% higher to $6.680 by the 5th of January. The leg-up was short-lived as a downswing escorted the price to its first bottoms at $4.020 by the 10th of January. 

While the digital asset did portray a climb to $5.442 by the 15th of January. But the market-wide sell-offs led to the crypto asset finding support at $2.856 by the 22nd of January. After ranging sideways until the 28th of January, the price climbed back to $3.419, by the 2nd of February. 

Post a series of accumulations until the 10th of February. Torments in the business dragged the price back to $2.894, by the 12th of February. Whilst the crypto asset had portrayed a short-term rebound to $3.249. A downswing in the business led to the price finding support at $1.962. Thereafter an uptrend led to the quarter’s trade closure at $2.657

Curve DAO (CRV) Price Prediction For Q2

  The digital coin as seen in the higher time frame has been ranging in the frequency between $1.956 and $2.921. Seeking impetus from the volumes, the price of CRV could chug upwards to $2.838. Validating an uptrend from which could take the price to $3.347

On the contrary, ebbing volumes and an increase in selling pressures could land the price at $1.968. That said, an equilibrium in buying and selling pressures could settle the price at $2.785

CRV’s Forecast For Q3

  If the crypto asset carries forward a bullish stance with the start of the third quarter and sees the DAOs flourishing. The price of CRV could surge to its quarterly high of $5.4. Whilst a balance in trade pressures could land the price at $4.509. If the bears outrun the bulls, the price of the altcoin could stumble down to $3.684

Curve DAO’s Prediction For Q4

  The positive sentiments of the fourth quarter, coupled with possible adoptions and collaborations materializing. CRV’s price could escalate to its maximum of $7.813. Conversely, negative criticism or a possible market crash could slash the trading value to $5.428. That said, constrained by the linear price projections, the average price could settle at $6.5

CRV’s Price Forecast For 2023 

 If the protocol rises in prominence and works towards growing its user base and volumes. The price of CRV could surge as high as $17.831. On the flip side, bearish trends could drag the price down to $7.946.

Price Prediction For The Next 5 Years

  The massive explosion in DeFi space would confirm the Curve’s vitality in the long term. In addition, if the protocol showcases its longevity with huge profits on large amounts of liquidity.  The CRV price could soar to a maximum price of $55.266. That said, the minimum and average possibilities for the asset would be at $22.179 and $37.531 respectively.  

YearPotential LowPotential High
2023$7.946$17.831
Next 5 Years$22.179$55.266

What Does The Market Say?

Wallet Investor:

According to the forecast of Wallet Investor, CRV’s price is expected to surge to a maximum of $3.881 by the end of 2022. The forecast pins the minimum and average targets for the year at $0.474 and $2.185 respectively. 

Gov.Capital:

Gov. capital has revised its prediction for the CRV price. It expects the token to hit a maximum of $7.19 by the end of 2022. On the contrary, it believes, that trend reversals in the market would plummet the price to $6.25. And with average buy and sell pressures it would end up trading at $5.32. 

The website has also made a whopping prediction for the long term. It expects the price to surge to a maximum of $18.303 by the end of 2023. And a maximum of $50.32 by the end of 2025. 

Digital Coin Price:

Digital Coin Price has updated its price prediction on CRV. According to the website, the price might reach $3.35 by 2022. And could rally further to cross $3.77 by the end of 2023. And $5.20 by the end of 2025.

Click here to read our price prediction of Cronos (CRO)!

What is Curve DAO?

The curve network is a decentralized exchange for stable coins that employs an automated market maker (AMM) in order to supervise and manage liquidity. Moreover, the platform intends to offer a convenient way to swap cryptocurrencies without any financial advisory. 

Curve DAO is an ERC-20 token deployed on the Ethereum mainnet. The cryptocurrency has been a governance token of the Curve Finance platform. The holders of the token are allowed to vote for any minor or crucial updates to the protocol. However, the traders could lock their CRV token in the Curve locker, and they would be rewarded for staking.

Curve Finance has two primary use cases, staking and swapping cryptocurrencies with the integration of more than 42 distinct liquidity pools. The tokens included in the pool are USDT, DAI, USDC, ETH, WBTC, LINK, and MIM, amongst others. 

Fundamental Analysis

The Curve platform was launched in January 2020. In August 2020, the network introduced a decentralized autonomous organization (DAO), with CRV as its native token. The platform was founded by Russian scientist Michael Egorov. The founder has accumulated a thorough knowledge in regard to cryptocurrency-related organizations. He is presently serving as the CEO of the platform. 

In 2015, the founder put his efforts into building a cryptocurrency business platform called NuCypher. He further gained experience in developing privacy-preserving cryptocurrency infrastructure and protocols. Moreover, he is also the founder of Loancoin, a decentralized bank, and loans network.

Our CRV Price Prediction

The curve has been one of the revolutionary projects that attempt to offer maximum rewards. By enabling maximum profits without risk by holding non-volatile stable coins.

According to Coinpedia’s formulated CRV price prediction. If the network introduces new upgrades such as liquidity mining and staking and more related to DeFi. The price may easily surpass the $7.5 mark this year. If the network fails to accomplish its plan, then the price would fall into the bearish trap and would dip to $5.5. 

Historic Market Sentiments

2020

Curve DAO platform went live in August 2020. As the platform was new to the crypto industry, there were no significant announcements regarding the upgrades. Yet the CRV price has managed to trade with positive volatility. However, bearish dominance flipped the price to trade around $0.64 throughout the year.

2021

The Curve DAO price had embarked to the year 2021 by oppressing the bearish dominance of late 2020. The protocol had soared more than 300% from $0.46 to $3.55 in January. Further, the protocol managed to gain a substantial strength between $3 to $3.8 for more than four months. However, the Chinese market crash in May depreciated the price action to $1.3. The asset remained range-bound until September.

The Curve DAO price had kickstarted the quarter with a parabolic move. The asset had managed to traverse in an uptrend line and claimed support at $4.7. However, the CRV price faced rejection at a crucial multi-month high of $5.8. After ranging to the south to $3.718 until the 22nd of November. A spike in volumes helped the price brush $6.279, by the 25th of November. 

A downswing took the price to $3.438, by the 13th of December. Thereafter, an upswing assisted CRV to close the annual trade at $5.659.  

To read our price prediction of Klaytn’s (KLAY) click here!

FAQ

Q: Is Curve DAO (CRV) a good investment?

A: It can be predicted that it is Profitable to invest in Curve DAO for the long term as it intends to offer stable gains.

Q: How high may the Curve DAO’s (CRV) price hit by the end of the next five years?

A: If the star’s incline in favour of the crypto asset, the price could surge as high as $55.266, by the end of the next 5 years. 

Q: Where can I buy Curve DAO (CRV)?

A: Curve DAO (CRV) is available for trade on major crypto exchanges like Binance, Huobi Global, CoinTiger, KuCoin, etc…

Q: Will Curve DAO hit $10 by the end of the year 2022?

A: The altcoin is expected to surge to a maximum of $7.813 by the end of 2022.

Q: What has been the highest price target brushed by CRV?

A: The All-time High (ATH) of CRV is $60.50. 

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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