Curve DAO Token Dips Below $0.50 Following 7-Day Price Rally

The token’s current trading price represents an approximate 99% decrease from its all time high price of $60.50.

Guy watching Curve token going down.
Created by Kornelija Poderskytė from DailyCoin
  • The Curve Token CRV is experiencing a price decline following a week-long surge.
  • CRV is currently trading below its year-high price.
  • The overall crypto market is experiencing a bullish trend as crypto assets record notable gains. 

CRV, the native token of the decentralized finance (DeFi) protocol Curve Finance, has experienced significant price volatility over the past months, swinging between impressive highs and cold price dips. 

Despite the broader green wave among other altcoins, CRV has struggled to attain lasting positive gains, slumping back into its sea of red.

Curve DAO Token CRV Slumps

In the early hours of Monday, February 12, CRV dipped to a new low price of $0.48, following a week-long hover above $0.50.

The price slump mirrors the token’s underperformance since the year’s start, fluctuating between negative price trends of $0.46 to $0.47.

CRV’s current trading price marks an approximate 99% decrease from its all-time high price of $60.50 following major cyber attacks on the DeFi protocol.

At press time, Curve Finance’s native token is experiencing a gradual price rebound, edging slightly above $0.505. However, the token’s performance contrasts the overall bullish sentiment among other altcoins.

Altcoins Surge as Market Ticks Green

The ongoing positive price trend for crypto king Bitcoin has rippled through the crypto market, resulting in new price gains for alternative crypto assets.

Leading the charts are high-performance blockchain and smart contract platforms Solana and Avalanche, which recorded a 12% and 11.6% price increase, respectively.

Ethereum was not left behind, trailing closely with a 9.15% surge, followed by Cardano at 8.15%. Other altcoins, including Tron, BNB, DOGE, and XRP, also tapped notable gains, ticking 5.1%, 4.69%, 3.5%, and 3.47%, respectively.

To find out more about Sui’s foundation latest initiative for blockchain education, read here:
Here’s How Sui’s New Academy Is Driving Blockchain Adoption 
Read here to find out more about XRP’s unimpressive performance despite market surge:
XRP Holders Demand Answers for Depressing Price Performance

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.