CRV $0.25 Recommend everyone to get on board, others are panic selling, we are bold to buy in!
The current profit is close to 30%, congratulations to the brothers who followed, you can sell in the short term and hold in the long term
What is the situation of CRV plummeting by 35%? Can you buy at the bottom?
[Reason for the plummet]
The founder of CRV mortgaged CRV worth $141 million on the lending platform, and then borrowed $95.7 million in stablecoins to buy villas and various consumption.
Because the plunge in CRV triggered the liquidation price, the lending platform sold all the coins pledged by the founder of CRV, so it plummeted.
[What is loan liquidation]
Lao Wang pawned his Rolex worth $100 to the pawnshop (lending platform), and the pawnshop (lending platform) gave Lao Wang $50. The two parties signed a contract. If the Rolex fell to $80, the pawnshop (lending platform) would directly sell Lao Wang's Rolex for $80, and Lao Wang would not have to return the $50.
[Can you buy at the bottom]
The main reason for the plunge in CRV this time was that the founder's token was liquidated, not a problem in the mechanism, and it would not spiral down.
The project itself is good, and it is an important infrastructure of the ETH ecosystem. The market value of 300 million is not very high, so you can buy it at a low point.
You can buy around $500 at around $0.25, and stop loss if it drops 5%.
[Reason for the plummet]
The founder of CRV mortgaged CRV worth $141 million on the lending platform, and then borrowed $95.7 million in stablecoins to buy villas and various consumption.
Because the plunge in CRV triggered the liquidation price, the lending platform sold all the coins pledged by the founder of CRV, so it plummeted.
[What is loan liquidation]
Lao Wang pawned his Rolex worth $100 to the pawnshop (lending platform), and the pawnshop (lending platform) gave Lao Wang $50. The two parties signed a contract. If the Rolex fell to $80, the pawnshop (lending platform) would directly sell Lao Wang's Rolex for $80, and Lao Wang would not have to return the $50.
[Can you buy at the bottom]
The main reason for the plunge in CRV this time was that the founder's token was liquidated, not a problem in the mechanism, and it would not spiral down.
The project itself is good, and it is an important infrastructure of the ETH ecosystem. The market value of 300 million is not very high, so you can buy it at a low point.
You can buy around $500 at around $0.25, and stop loss if it drops 5%.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
CRV
0.6642
-5.47%
