Read this CRV Price Prediction if you’re preparing for the future of cryptocurrencies, you absolutely need this. Why? Simply put, Curve is one of the most promising dApps out there, but it won’t stay a secret for much longer.
In fact, CRV can hardly be called a secret even by today’s standards. Sure, its market cap might be modest at $889 million. However, the governance token of Curve Finance becomes more valuable the longer you own it — something we cover further down in this article.
But more than that, Curve is a leader in the DEX space. Thanks to its focus on stablecoins, it has a much lower slippage than the competition. Plus, it rewards investors with passive income too.
In other words, Curve has already earned itself a prime spot in decentralised finance. With the pace at which the crypto market is moving, it’s bound to be more and more popular in the future. We might be seeing the last opportune moments to buy CRV before the next big market rush.
Do you still have doubts about Curve’s future? Read this CRV price prediction to learn what’s in store for the token and decide for yourself if Curve is worth your time.
Table of Contents
- Recent News: What’s Affecting Curve’s Price Recently?
- CRV Technical Analysis & Price History
- Price Analysis
- Technical Analysis
- Expert Analysis
- CRV DAO Token Price Predictions
- Curve (CRV) Basics
- How Does It Work?
- The CRV Token
- Where to Buy Curve (CRV)
- Curve (CRV) | Frequently Asked Questions
- Is the Curve Coin a Good Investment?
- Is Curve Finance Profitable?
- Will the CRV Token Go Up?
- What Will Curve Be Worth in 2025?
Recent News: What’s Affecting Curve’s Price Recently?
In February 2022, we learned that Curve got integrated with Moonbeam. Through the Moonbeam link, users in the Polkadot network can now use the Curve dApp. This move expanded Curve’s already large compatibility and enriched the DeFi space further. More traffic can now come to Curve via Polkadot.
CRV Technical Analysis & Price History
To better understand what the future price of Curve might be, we need to use technical analysis tools and see the Curve DAO token’s price history. We also consulted several crypto experts to see how they feel about the Curve DAO token price.
CRV premiered at an all-time high of almost $7 back in 2020 but quickly dipped to $2.7. It even ended 2020 below $1.
Like other cryptocurrencies, the Curve DAO token price started rising in 2021. Its climb culminated in a maximum price of $5.84 on Christmas day. Last year, the Curve DAO token (CRV) held an average price of around $3, considering its ups and downs.
Contrary to other tokens, however, CRV continued to do well into 2022. It reached its second-highest price of $6.50 in January 2022 before its price started decreasing again.
The current price of Curve at the moment of writing is $1.91.
The technical oscillators (including the Relative Strength Index) are at odds with the moving averages on the daily chart. The former call for a buy, while the latter recommend a strong sell.
The situation is similar on the weekly chart, except oscillators there are more neutral. They are confident in a strong buy signal on the monthly chart, while the MAs continue to insist on a strong sell. Thus, the monthly technical bias is neutral.
Popular crypto YouTuber Coin Bureau shared that he personally used Curve and supplied crypto tokens to its lending pools for additional income. He praised the protocol for the lower risk compared to similar DEXs, though he still sees room for improvement.
Crypto channel Exodus also pointed out that Curve has less slippage than other DEXs, which is its main advantage. In addition, Exodus sees Curve remaining a popular service as the Ethereum-based DeFi space grows in the future. Even though the channel did not make a Curve DAO token price prediction, it appears bullish on CRV.
CRV DAO Token Price Predictions
Now that we understand the history and tendencies of Curve’s price, we are ready to make a Curve token price forecast. We also consulted the price forecasts made by Wallet Investor, Trading Beasts, and PricePrediction.net to arrive at these projections.
- Price Prediction expects a maximum price of around $3 for CRV this year. Then, they predict a gradual climb to $9.48 by 2025 and a break above $14 in five years.
- Wallet Investor offers a more short-term forecast, seeing the price of Curve growing to $2.3 at most in March 2022.
- Trading Beasts made a Curve price forecast of $2.50 at most in 2022. Then they see the Curve DAO token gradually climbing to $3, $4.35, and finally $5.25 by 2025.
Curve (CRV) Basics
Curve is an Ethereum-based protocol enabling people to make money from investing and trading cryptocurrencies. This dApp is surrounded by mystery, as not much is known about its beginnings.
For example, we don’t know who exactly is in charge of the Curve project or when it originated. The first time technical writing about it appeared — in 2019 — it was authored by NuCypher’s Michael Egorov. Other than that, we don’t have any further details.
Despite the lack of information, Curve Finance is an increasingly popular DeFi project. It differs significantly from other networks because it’s all about an AMM (automated market maker).
Its AMM software trades cryptocurrencies independently, looking for the best prices available. It uses funds from liquidity pools that users provide. In other words, users invest their crypto tokens into LPs to enable the AMM to trade. At the same time, they receive a portion of the profits as compensation for their investments.
Thus, Curve allows people to use crypto coins in a new way to derive profit from the cryptocurrency market. Moreover, the project focuses on stablecoins, which is also a marked difference from other AMMs out there.
How Does It Work?
Curve gets its name from the bonding curve it uses as the basis of its algorithm. The bonding curve ensures crypto tokens trade at the most optimum price, with the lowest fees. This principle is present in some other DEXs, but only the Curve protocol uses it specifically for stablecoins.
As a result, trading on Curve generally features less volatility than the broad crypto market.
To create the best trading conditions, Curve makes use of lending pools. These LPs comprise of funds (in crypto tokens) that users lock in exchange for commission fees. In this way, even people without trading experience can benefit from using Curve, as long as they agree to lock up their coins using the protocol.
The CRV Token
The protocol launched a native token – the Curve DAO token (CRV) – in 2020. It is primarily a governance token, allowing CRV holders to decide the protocol’s future.
Interestingly, it matters how long a person has held their CRV tokens. Users that have had Curve tokens longer have more decision-making power than new token owners. This mechanic incentivises people to join the Curve protocol sooner rather than later.
Where to Buy Curve (CRV)
You can obtain CVR tokens on crypto exchanges like Binance, Coinbase, and more. But if you’re looking for more applications of your tokens or the possibility to bet against CRV, a broker like eToro might be a better fit. Brokerages also give you the chance to practise different trading strategies on demo accounts and build a diverse investment portfolio, among other benefits.
Curve (CRV) | Frequently Asked Questions
Here we’ve collected some questions people frequently ask about Curve. Read on if you need more information.
Is the Curve Coin a Good Investment?
The financial markets are unpredictable. For this reason, it is hard to say if anything is a profitable investment or not. There are too many uncertainties lying ahead. Nevertheless, if decentralised finance keeps growing in popularity, the Curve project will remain relevant. As a result, there will be more demand for its services, and the CRV token will also become more valuable.
Is Curve Finance Profitable?
There are different ways to potentially make money using the Curve dApp. If you are an expert already, you can use it to trade. Alternatively, you can also lock your crypto tokens to earn a passive income from LPs. Another way to profit altogether is to buy or sell Curve DAO token using a broker like eToro. There are plenty of options, but keep in mind that trading is a risky endeavour — there is always a chance you might lose money.
Will the CRV Token Go Up?
Though we cannot know for sure, we expect CRV’s price to rise in the coming years. There is a general trend of greater adoption of DeFi solutions, and Curve is a prominent player in that field. For this reason, its native token will hold more value the more people use Curve Finance in the future.
What Will Curve Be Worth in 2025?
According to the price forecasts we encountered, Curve will be worth between $5.25 and $9.48 by 2025. This gives us an average forecast price of about $7. There is some variance in these Curve price predictions to account for the volatility and unpredictability of the crypto market. The minimum price value for 2025 we expect is $2.95. That number is according to the Curve DAO token forecast by Trading Beasts.