- The Curve DAO Token has recorded impressive gains over the past month.
- CRV is still way below its all-time high price despite its increase.
- Bitcoin has soared through its previous record price to new heights.
Curve DAO, the native utility token of the Curve decentralized finance (DeFi) protocol, has had an impressive run over the past month, solidifying its position as one of the top gainers in the ongoing Bitcoin-led market rally.
The token, which initially struggled to surpass the $0.5 resistance level for over a month, has now continued its impressive double-digit gains, nearing the $1 peg as it shows no signs of slowing down.
Curve Token Rockets
Trading at $0.8313, Curve DAO has maintained an upward trajectory over the last 30 days, recording a healthy 5.0% increase in the last 24 hours and a total 70% price surge within the past month.
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This bullish momentum starkly contrasts CRV’s hesitant start to the year, where it struggled to find stability between $0.57 and $0.6 amidst a sea of red.
While the Curve Finance token remains down 85.4% from its all-time high trading price of $60.50, its strong performance drives optimism for its ability to reach $1.
The sustained increase in the Curve token coincides with the ongoing surge in crypto king Bitcoin, which has kicked off the new week on fresh price highs.
Bitcoin Hits New ATH
In the early hours of Monday, March 11, Bitcoin surged past its all-time high price of $69,000, stunning the markets as it climbed above $72,000.
This marks a healthy 10.3% increase over the past week and an approximate $49.5 surge in a 30-day rally, bringing its total gains since the year’s start to 69% from its starting trading price of $42,000.
Bitcoin’s impressive performance is driven by a flurry in market activity amidst the growing demand by the recent launch of Bitcoin ETFs in the United States and the looming supply cut in the upcoming fourth Bitcoin halving event, scheduled for April 21, 2024.
This has also ignited a surge in Bitcoin’s market capitalization by 2.33%, now at $1,406,666,929,086. At press time, Bitcoin is trading at $72,125.
Read more about Cuve DAO’s underperformance before its resurgence:
Curve DAO Token Dips Below $0.50 Following 7-Day Price Rally
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