Curve DAO Token Price Prediction: CRV Slated to Jump to $0.5 in Upcoming Days

Join Our Telegram channel to stay up to date on breaking news coverage

The Curve Dao (CRV) community was left reeling in late July 2023 when a malicious hacker executed a devastating exploit, making off with a staggering $50 million worth of cryptocurrencies.

This security breach sent shockwaves through the ecosystem, causing the CRV token’s value to plummet.

In the wake of this unfortunate event, CRV has been experiencing a prolonged downward trend, leaving many to wonder: Can the Curve Dao recover and rebound to its previous heights, potentially reclaiming the coveted $0.5 resistance level?

As of 7:09 a.m. EST, CRV is trading at $0.42, showing a 4% gain in the last 24 hours.

Bulls Could Drive Curve DAO Price Up in Short-Term

Curve DAO /USD Chart Analysis. Source: Geckoterminal.com — CRVUSD Chart Analysis. Source: Geckoterminal.com

The price of CRV has been locked in a persistent downtrend, marked by an ongoing struggle between bullish and bearish forces.

This tug-of-war has given rise to a descending triangle pattern, typically indicating a continuation of the bearish trend.

The above chart by GeckoTerminal illustrates that bears encountered substantial support at $0.42.

Nevertheless, bulls swiftly regrouped, attempting to recover their losses by increasing prices. Sadly, their endeavors were thwarted by a resistance barrier at $1.29, forcing them to retreat and relinquish control to the bears, who pushed the price back down to the same support level.

The bearish sentiment is further confirmed by the crossover of the 50-day moving average and the 200-day moving average at $0.77, indicating heightened selling pressure.

Furthermore, both moving averages are positioned above the 50-day moving average, compounding the bearish outlook.

There is a faint glimmer of hope for the bulls as the price exhibits signs of a potential rebound toward the upper boundary of the descending triangle.

This is bolstered by the relative strength index, which has bounced off the oversold mark at 30 (currently at 34), suggesting increased buying pressure.

CRV remains predominantly bearish, indicating that bears still have a stronghold on the CRV market price.

Supported by the descending triangle and the moving averages, bears could likely drive the price below the triangle, with a critical area of interest aligning with the weekly support level at $0.02.

However, if the $0.42 support level continues to hold, it could empower the bulls to push the price toward the triangle’s upper boundary. Key levels to monitor in this scenario would be $0.65 and $0.78, respectively.

Investors looking for promising returns might find BTCBSC to be an appealing option and a viable alternative.

BTCBSC Presale Selling Out Fast, Crossing $1.5 Million

BTCBSC’s presale phase has crossed the $1.7 million mark and is poised for 200x potential growth. Its unique expansion strategy and competitive features distinguish it from other Bitcoin forks.

Bitcoin BSC is a fusion of Bitcoin’s value and BNB Chain’s technology, offering an intriguing crypto opportunity reminiscent of Bitcoin’s early rapid growth.

This makes it a great choice, especially considering Bitcoin’s recent challenges.

The presale began in early September 2023, and it has already raised over $1.785 million, offering tokens at the current price of $0.99, equivalent to Bitcoin’s price in April 2011.

The presale has garnered significant attention within the crypto community, with some analysts speculating on the potential for substantial profits, possibly reaching 200x the initial investment.

Bitcoin BSC combines the enduring value of Bitcoin with the efficiency of the Binance Smart Chain (BSC), aiming to reshape the perception and utilization of token-based rewards.

Bitcoin BSC operates as a BEP-20 token on the Binance Smart Chain, prioritizing staking as an alternative to traditional mining.

Earn Passive Income Through Staking

BTCBSC offers a staking mechanism that enables investors to create a source of passive income.

Investors holding BTCBSC can generate passive income through staking, with rewards intricately tied to the number of tokens staked, a mechanism reminiscent of Bitcoin’s original block reward system.

https://twitter.com/Bitcoinbsctoken/status/1702230750089589073?s=20

The staking pool is already operational, offering 0.25 BSC per reward block. About 858,510 Bitcoin BSC tokens are actively staked.

The estimated annual percentage yield (APY) stands at 306%. This substantial yield reflects the project’s dedication to rewarding and incentivizing its loyal community of investors and stackers.

The team is making an initial 4 million tokens available, with an additional 2.125 million in reserve in case of a rapid sell-out. The project’s hard cap will reach $6.125 million if all tokens are sold.

The staking rewards are directly proportional to the number of tokens staked and are distributed at ten-minute intervals. A substantial 69% of the total BTCBSC token supply has been allocated for staking rewards, ensuring an abundant supply of tokens for rewarding investors for an impressive 120 years.

https://twitter.com/Bitcoinbsctoken/status/1701943911642497397?s=20

BTCBSC can be acquired through the official website, which offers multiple payment options. These options include ETH or USDT (ERC-20), BNB or USDT (BEP-20), or card payments via Wert.

All purchases made through the ETH contract will be seamlessly transferred to the BNB presale contract once the presale phase concludes,

Token claims will be processed using the BSC network. It’s important to note that BNB will still be required to cover gas fees during the claiming process if a user purchases with ETH.