Home
News
- The year 2020 for cryptoverse emerged as a year of “Defi Boom”, DeFi’s ecosystem has gradually evolved over the past few months.
- With the growth of Defi, major cryptocurrency exchanges are taking interest in DeFi projects.
- Binance is one of them, with the largest cryptocurrency exchange extended it’s support for Curve Finance’s Governance Token, Curve [CRV].
The year 2020 for cryptoverse emerged as a year of “Defi Boom”, DeFi’s ecosystem has gradually evolved over the past few months. After Decentralised finance (DeFi) kickstarted the paradigm shift towards the decentralisation of traditional finance, it is taking elements of traditional finance and reconstructing them into trustless and translucent protocols. In December 2019, Total Value Locked in the DeFi ecosystem was $700 million. Recently, this number surpassed $9.16 billion.
With the growth of Defi, major cryptocurrency exchanges are taking interest in DeFi projects. Binance is one of them, with the largest cryptocurrency exchange extending it’s support for Curve Finance’s Governance Token, Curve [CRV]. The listing will further provide a much required push to the project which is already noting figures of $1.05B in Total Value Locked after climbing by over 47.8% in 24 hours, at the time of writing. However, it is believed that the growth of Curve will reduce the concerns over it’s future as it is launched by an anonymous developer rather than it’s team.
The launch of this much awaited Defi protocol is not less than any drama. Crypto analyst, Frank Topbottom mentioned on twitter about the deployment of Curve’s token with protocol’s AragonDAO. On his tweet Curve team member replied that it is an scam and asked Frank to delete his tweet. However, later he appologized as it wasn’t any scam but an actual Launch.
Curve CRV Price Analysis
Recently, Curve’s token code and DAO was published on Github, from where an anonymous developer decided to launch the smart contract. After which Curve team concluded declaring this as CRV the official Curve DAO token, however, hasn’t been accepted by some community members. Regardless of this, the token is enjoying immense acceptance in crypto-verse as depicted by it’s price appreciation.
CRV a new coin just landed on Binance and Okex, for now crv bounce of possible bottom and formed a pennant that could break to any side. It would be wise to wait for a breakout or breakdown.
There is a lot of buzz about the newly launched defi coin in the market and the hype surrounding it seems strong enough to push CRV to the surge further.
The MACD has already crossed for the first time since the bottom and momentum is showing signs of reversal.
The EMA on 4h still hoovering close to each other, but no direction decided yet. Using parabolic sar it indicates a bullish side for now.
