Curve DAO Token (CRV) Boosts 40% in 7 Days – Merge to Take Place on September 19

Curve Dao Token Price Review

CRV is currently trading at $1.28 with a 24-hour trading volume of $320 million. Curve DAO Token has increased by 3.26% in the last 24 hours while it pumps over 40% in the last 7-days. With a live market cap of $685 million, CoinMarketCap currently ranks #66. There are 537,372,111 CRV coins in circulation, with a maximum supply of 3,303,030,299 CRV coins. The Curve DAO’s price closed at $1.2648 after hitting a high of $1.3771 and a low of $1.2614.

The coin price seems to have started an uptrend after a slight downtrend in the past week. The current Curve DAO price has experienced an 8.08% daily positive change and is increasing by a 0.0950 margin today. Furthermore, the recent positive momentum in the Defi token market following news of the Ethereum blockchain’s transition date release significantly pushed CRV/USD prices higher on Tuesday.

Curve Dao, with a total value of $7.105 billion, is one of the leading smart contract platforms. It has a close relationship with the second largest cryptocurrency, ETH. With the increased value of ETH, the price momentum of CRV/USD has also increased this week.

Merge – Ethereum blockchain’s Transition Date Release September 19

The Ethereum Foundation’s Tim Beiko predicted that the Merge – Ethereum’s long-awaited move to a new design – would take place the week of September 19. With the Merge, Ethereum will transition from the energy-intensive proof-of-work (PoW) consensus process pioneered by Bitcoin to a more efficient proof-of-stake (PoS) system.

In addition to reducing network energy consumption by 99.95%, some proponents of proof-of-stake claim that switching techniques will improve security and scaling.

Weaker US Dollar Continues to Underpin CRV/USD

 

CRV/USD Daily Technical Levels

Curve DAO Token Technical Outlook

Despite the CRV coin’s strong positive trend, the CRV/USD pair is trading slightly bearish throughout the European session. The CRV/USD pair failed to break beyond the significant resistance level of $1.3870. The CRV/USD currency has established an upward channel in the 4-hour timeframe, supporting the CRV purchasing trend. This increasing trend is expected to support the CRV/USD coin near $1.1944.

The immediate support for the CRV/USD is at $1.1944, which is being extended by the triple top pattern breached on July 18; it is acting as a support. If the CRV/USD price falls below this level, it will be vulnerable to support levels of $1.1000 and $1.011. On the upside, the Curve Dao token may face immediate resistance near 1.3480. A bullish breakout of the 1.3480 barrier might push CRV prices to $1.4635 and $1.5865. Good luck!

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• Where to Buy Curve (CRV)
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