Curve DAO Token (CRV) is a protocol made for trading stablecoins and providing liquidity on the blockchain $ETH
🧱 Fundamentally:
The CRV coin serves as a governance and utility token in the Curve DAO ecosystem, providing holders with voting rights, rewards, and other useful features.
Curve DAO allows you to trade stablecoins with minimal slippage. This is possible thanks to an automated market maker (AMM).
Curve DAO also allows users to earn commissions by providing liquidity to the platform by depositing stablecoins into liquidity pools in exchange for LP tokens. These LP tokens can be used to earn CRV rewards.
🛠 What about technical analysis?
Since the last bull market, the coin managed to fall by -98%! Strong support formed at the level of $0.42 and the coin bounced from this zone 5 times, which indicates a strong buyer at this level. The nearest resistance for the coin is at $1.34, which implies an increase of at least 100%. In the optimistic scenario, until the end of 2024. the coin may well reach levels of $3-5.
🧰 Purchasing CRV for an investment portfolio.
🔎 Ticker: $CRV
✳️ Entry price: $0.55
🛡 Stop loss: I recommend taking a trade for investment without a stop.
💼 Volume per transaction: up to 1-2% of the crypto portfolio.
🎯 Goals: $1.34; $3.40; $5.64.
📈 Rocket growth potential: up to 710% by the end of 2024.
A medium-term portfolio will outperform any trading strategy in terms of profitability, so I carefully assemble my portfolio. In it I bet on crypto, raw materials and metals. There are a bunch of new ideas with great potential ahead, subscribe 🚀
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