Curve DAO Price Prediction, will CRV’s price hit $1.15?
Curve DAO’s price at the same time last week was $0.52. It has moved by -4.65 % in the past week and is currently at $0.54. Infact, in the past 24 hours, CRV has dumped by -1.37 %. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and CRV could hit $1.15 in 2024.
The total circulating supply of Curve DAO as of writing this article was $926,102,367 and the marketcap of CRV remains at $511,324,969
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
About Curve DAO
Curve DAO (CRV): An overview
Source: Curve.fi
Curve DAO (CRV) is a decentralized autonomous organization (DAO) that powers the Curve Finance platform. This platform operates as a decentralized exchange (DEX), enabling users to trade stablecoins and other ERC-20 tokens without the need for an intermediary.
CRV, the native token of Curve DAO, is an ERC-20 token built on the Ethereum (ETH) blockchain. CRV was officially launched to serve two main objectives:
- To incentivize liquidity providers who contribute their tokens to the liquidity pools on the Curve platform.
- To encourage wide-scale user participation in the governance of the protocol. CRV holders possess voting rights and can influence the direction of the Curve platform. They can participate in key decisions concerning the protocol, such as modifying fee structures or voting for the introduction of new yield pools.
Supply
The total supply of CRV is set at 3.03 billion tokens, distributed as follows:
- 62% allocated to community liquidity providers.
- 30% allocated to shareholders, including the team and investors, with a vesting period of 2-4 years.
- 3% allocated to employees, with a vesting period of 2 years.
- 5% allocated to the community reserve.
The initial supply was approximately 1.3 billion tokens (~43% of the total supply), broken down as follows:
- 5% allocated to pre-CRV liquidity providers, with a 1-year vesting period.
- 30% allocated to shareholders, including the team and investors, with a vesting period of 2-4 years.
- 3% allocated to employees, with a 2-year vesting period.
- 5% allocated to the community reserve.
As of September 2023, 875,793,386 CRVs are in circulation.
The inner workings of Curve DAO
Source: Curve.fi
Curve DAO employs a specialized Automated Market Maker (AMM) algorithm optimized for trading stablecoins and other assets with relatively stable prices. Unlike general-purpose AMMs that use x * y = k formulas, Curve uses a different mathematical approach to offer users lower fees and reduced price slippage.
Internally, Curve's pools often use a piecewise function that includes linear and constant product formulas. It works by approximating the value of each asset in a pool as being equal to one another.
For instance, if you're trading USDC for DAI, Curve's AMM treats both as having roughly the same value, which is a reasonable assumption for stablecoins. This reduces the amount of liquidity needed to facilitate trades, thus reducing slippage and making the system more capital-efficient.
When users want to provide liquidity, they deposit their stablecoins into a specific pool. These deposits are used to facilitate trades and are stored in smart contracts on the blockchain.
The liquidity tokens can be staked to earn additional rewards, often in the form of CRV tokens. Lastly, the more liquidity a pool has, the more efficient and attractive it becomes for traders.
The security of the Curve DAO network is ensured through regular audits of the smart contracts used to create the liquidity pools. Curve DAO's governance plays a significant role in maintaining the security of the DeFi protocol's network.
The genesis of Curve DAO
Source: Curve.fi
The Curve ecosystem was conceived by Michael Egorov, a Russian scientist with extensive experience in the blockchain and cryptocurrency domain. He previously co-founded NuCypher, a cryptography company. Egorov also established LoanCoin, a decentralized network focused on banking and loans.
The Curve platform's white paper was released in November 2019, and the platform itself was launched in January 2020. Its native token, CRV, was introduced in August 2020, shortly following the protocol's debut.
The introduction of the CRV token contributed to a significant increase in trading volume, propelling Curve to surpass $1 billion in Total Value Locked (TVL) for the first time.
In August 2020, Egorov admitted to having "overreacted" when he secured a substantial quantity of CRV tokens to counteract yearn.finance's voting influence, consequently granting himself control of 71% of the governance structure.
Initially, the Curve protocol focused purely on stablecoin swaps. Over time, they added more stablecoin pools and even branched out into similar assets like Wrapped Bitcoin (WBTC) and other tokenized versions of Bitcoin.
Now, Curve has grown its community through active engagement, educational content, and developer support. Various other protocols have been built on top or integrated with Curve, thereby expanding its ecosystem.
CRV Price Analysis
The weekly chart of CRV from September 2022 to September 2023 indicated a dominant bearish trend. Buyers experienced a particularly difficult time, as the asset mostly displayed a pattern of lower highs and lower lows, following a slump after the first quarter of 2023. At the time of writing, the token traded at $0.4442.
CRV Weekly Chart
Initially, the price plummeted drastically from $1.23 in September 2022 to a meager $0.43 by November of the same year. This dramatic fall turned the previously held $0.88 support into a resistance level.
Starting in 2023, there was a brief moment of elation for bulls when the price rebounded and turned the $0.88 level back into support and even managed to touch back the peak resistance at $1.23. However, this optimism was short-lived.
The bears pounced once more, causing the token to retrace its gains and return to the lowest support at $0.43. This behavior corroborated the overarching bearish sentiment that enveloped the market for CRV during the period.
During the analyzed time frame, volume mostly remained on the lower side, with two notable exceptions. Specifically, volume spikes were observed in November 2022 and July 2023.
These spikes indicated heightened trading activity, but they were not sufficient to overturn the prevailing seller dominance. Low trading volume for the rest of the period reinforced the lack of buying interest and conviction among investors.
Moving on to the Moving Average Convergence Divergence (MACD) indicator. The MACD line hovered marginally above the signal line. However, as the price declined, the MACD line began to dip below the signal line.
This bearish crossover typically indicates a possible continuation of the downtrend. Additionally, both lines remained below the zero line, another bearish sign. At the time of this analysis, the MACD line registered a value of -0.1273, whereas the signal line stood at -0.0964.
Interestingly, the Chaikin Money Flow (CMF) started its ascent in 2023, peaking at 0.23 in April 2023. However, the indicator subsequently retreated below the zero line. The current value of the CMF stands at -0.04, suggesting that selling pressure has overtaken buying pressure, reinforcing the bearish narrative.
Should you consider buying CRV?
Based on the market conditions, all indicators suggest a continuation of the bearish trend, with low buying interest and momentum. Moreover, the technical analysis points to a “sell” trading signal at this juncture.
Traders looking for a buying opportunity may consider the range of $0.41 to $0.45, but they should exercise caution and consider utilizing risk management strategies to mitigate potential losses.
Curve DAO Price Prediction
Curve DAO has had an eventful 2021. To simplify the latest CRV price prediction, we have divided up the prediction by short term Curve DAO price prediction and long term Curve DAO price prediction. As of writing this article, CRV had a trading volume of 54,077,320. Curve DAO has gone up by 13.15% in the past 30 days.
According to our analysis in the short term, Curve DAO price prediction for January 2024 shows the average price of CRV at 0.96 and the highest possible price for January 2024 would be $1.03.
Further, according to our analysis in the long term, Curve DAO price prediction for May 2024 shows the average price of CRV at 1.05 and the highest possible price for May 2024 would be $1.13.
Curve DAO's Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 1 December 2023 | $0.73 | $0.67 | $0.78 |
| 2 December 2023 | $0.72 | $0.67 | $0.77 |
| 3 December 2023 | $0.73 | $0.68 | $0.78 |
| 4 December 2023 | $0.75 | $0.7 | $0.8 |
| 9 December 2023 | $0.92 | $0.85 | $0.98 |
| 14 December 2023 | $1.11 | $1.03 | $1.19 |
| 24 December 2023 | $1.81 | $1.68 | $1.94 |
Curve DAO price prediction 1 December 2023: Curve DAO's price for 1 December 2023 according to our analysis should range between $0.67 to $0.78 and the average price of CRV should be around $0.73.
Curve DAO price prediction 2 December 2023: Curve DAO's price for 2 December 2023 according to our analysis should range between $0.67 to $0.77 and the average price of CRV should be around $0.72.
Curve DAO price prediction 3 December 2023: Curve DAO's price for 3 December 2023 according to our analysis should range between $0.68 to $0.78 and the average price of CRV should be around $0.73.
Curve DAO price prediction 4 December 2023: Curve DAO's price for 4 December 2023 according to our analysis should range between $0.7 to $0.8 and the average price of CRV should be around $0.75.
Curve DAO price prediction 9 December 2023: Curve DAO's price for 9 December 2023 according to our analysis should range between $0.85 to $0.98 and the average price of CRV should be around $0.92.
Curve DAO price prediction 14 December 2023: Curve DAO's price for 14 December 2023 according to our analysis should range between $1.03 to $1.19 and the average price of CRV should be around $1.11.
Curve DAO price prediction 24 December 2023: Curve DAO's price for 24 December 2023 according to our analysis should range between $1.68 to $1.94 and the average price of CRV should be around $1.81.
Curve DAO's Long Term Price Prediction
Curve DAO’s long term Price Prediction below is a look at CRV’s future prospect with regards to price. Curve DAO was last seen at $0.54, with a market cap of $511,324,969 and trading volumes of $54,077,320. CRV’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2024 | $0.96 | $0.76 | $1.15 |
| 2025 | $1.24 | $0.99 | $1.49 |
| 2026 | $1.60 | $1.28 | $1.92 |
| 2027 | $2.06 | $1.65 | $2.47 |
| 2028 | $2.66 | $2.13 | $3.19 |
| 2029 | $3.43 | $2.74 | $4.12 |
| 2030 | $4.42 | $3.54 | $5.31 |
| 2031 | $5.71 | $4.57 | $6.85 |
| 2032 | $7.36 | $5.89 | $8.84 |
| 2033 | $9.50 | $7.60 | $11.40 |
Curve DAO price prediction 2024: Curve DAO's price for 2024 according to our analysis should range between $0.76 to $1.15 and the average price of CRV should be around $0.96.
Curve DAO price prediction 2025: Curve DAO's price for 2025 according to our analysis should range between $0.99 to $1.49 and the average price of CRV should be around $1.24.
Curve DAO price prediction 2026: Curve DAO's price for 2026 according to our analysis should range between $1.28 to $1.92 and the average price of CRV should be around $1.60.
Curve DAO price prediction 2027: Curve DAO's price for 2027 according to our analysis should range between $1.65 to $2.47 and the average price of CRV should be around $2.06.
Curve DAO price prediction 2028: Curve DAO's price for 2028 according to our analysis should range between $2.13 to $3.19 and the average price of CRV should be around $2.66.
Curve DAO price prediction 2029: Curve DAO's price for 2029 according to our analysis should range between $2.74 to $4.12 and the average price of CRV should be around $3.43.
Curve DAO price prediction 2030: Curve DAO's price for 2030 according to our analysis should range between $3.54 to $5.31 and the average price of CRV should be around $4.42.
Curve DAO price prediction 2031: Curve DAO's price for 2031 according to our analysis should range between $4.57 to $6.85 and the average price of CRV should be around $5.71.
Curve DAO price prediction 2032: Curve DAO's price for 2032 according to our analysis should range between $5.89 to $8.84 and the average price of CRV should be around $7.36.
Curve DAO price prediction 2033: Curve DAO's price for 2033 according to our analysis should range between $7.60 to $11.40 and the average price of CRV should be around $9.50.
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FAQs about Curve DAO
Curve DAO’s current price is $0.54 and witnessed a -1.37% decrease in the past 24 hours. CRV/BTC pair saw a -0.15% decrease in the past 24 hours
Investing in Curve DAO, CRV will purely depend on your personal risk appetite. As you can see over the past 24 hours Curve DAO’s price has witnessed a -1.37% decrease and over the past 30 days Curve DAO has increase by 13.15%. So it all depends on if this investment will hit your trading goals.
According to our latest Curve DAO Price prediction for 2023, CRV should vary between $3.20 and $2.13. Please keep in mind that the crypto market is very volatile and this Curve DAO price prediction does not account for extreme wild swings in price.
As per the Curve DAO price prediction 2023 model above, CRV’s price for November 2023 should range between $2.13 to $3.20 with the average price for November being $2.66
According to the Curve DAO Price Prediction model above, CRV’s price in 2024 would be $0.96. This price would however would range from $1.15 and $0.76.
According to the Curve DAO Price Prediction model above, CRV’s price in 2025 would be $1.24. This price would however would range from $1.49 and $0.99.
According to the Curve DAO Price Prediction model above, CRV’s price in 2026 would be $1.60. This price would however would range from $1.92 and $1.28.
According to the Curve DAO Price Prediction model above, CRV’s price in 2027 would be $2.06. This price would however would range from $2.47 and $1.65.
According to the Curve DAO Price Prediction model above, CRV’s price in 2028 would be $2.66. This price would however would range from $3.19 and $2.13.
According to the Curve DAO Price Prediction model above, CRV’s price in 2029 would be $3.43. This price would however would range from $4.12 and $2.74.
According to the Curve DAO Price Prediction model above, CRV’s price in 2030 would be $4.42. This price would however would range from $5.31 and $3.54.
According to the Curve DAO Price Prediction model above, CRV’s price in 2031 would be $5.71. This price would however would range from $6.85 and $4.57.
According to the Curve DAO Price Prediction model above, CRV’s price in 2032 would be $7.36. This price would however would range from $8.84 and $5.89.
According to the Curve DAO Price Prediction model above, CRV’s price in 2033 would be $9.50. This price would however would range from $11.40 and $7.60.
The highest price for Curve DAO was recorded in 14 August 2020 during which CRV hit an All Time High of $15.37
The price of 1 Curve DAO according to current market rate is $0.54
