Investment Disclaimer:
- I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
- Past performance presented here is not an indicator of future performance.
- This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.
- I do hold a long position in CRV as a token holder.
TL; DR
1. Curve DAO Governance Token (CRV) has undergone 219.55% return from USD 0.62 to USD 1.99 since 01 Jan 2021.
2. CRV's daily active trading volume is fading away as its price continues falling from USD 4.50 at the start of the year to now under USD 2.00, a more than 50% drop within 3 short months !
3. All technical analyses (VWAP, MACD, RSI, Price vs Volume) and quantitative risk measurements (Value-at-Risk, Kurtosis, Return distribution) are suggesting that CRV is oversold and trading near its support level.
4. Curve's Github history shows that there are 110% increase in both forks and stars over the past year, an impressive adoptions by the developer community.
5. After 9 Mar, increasing number of CRV futures traders are long CRV as its mark price is dropping, thinking that it has a chance to rebound. However, the total sell volumes still overweight the buy.
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Quantdoge Publications- How does Curve DAO (CRV) Perform ?
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