Bitcoin Forum

Curve (CRV) is currently the most undervalued DeFi project:

Why am I bullish on CRV?

Right now Uniswap is the number 1 DEX (Decentralized Exchange) but this won’t last long in my opinion due to what Curve Finance offers. At the moment they are not a direct competitor to Uniswap as they are just a stablecoin DEX. However over the coming months they plan on adding Cryptocurrency Pools for Crypto pairs, which would make them a direct competitor to Uniswap. They already have a better algorithm that provides traders less slippage when trading in and out of stablecoins. Uniswap has horrible slippage.

Once Curve Finance adds liquidity for other ERC20 coins, and applies the same algorithm they are using now for stablecoins to those swaps, it will provide traders a better option for trading on a DEX with far less slippage than Uniswap for all ERC20 pairs.

CRV already has surpassed Uniswap in total value locked in the system. So it’s only a matter of time before price catches up...

Short term price target: $5-8

Major problems for CRV are:
- One of their developer pulled the trigger to launch it main net before schedule, that created a bad drama at their early days.
- The token has very huge supply and it makes investors fear of loss from inflation.
- Daily pressure from investors and stakers, farmers when they receive rewards and cash out.

From the 1 day chart, the price you gave is correct. At least I agree with you on the target price $5 that is the nearest resistance for CRV. If you use 3D chart, the resistance is $5.3 and I believe that CRV will be stagnant from $5 to $5.3 a while before it can accumulate enough capital and interest from the market to climb to $7.6.

If CRV successfully breaks the resistance cap at $7.6, it will fly to the Moon.

"Major problems for CRV are:
- One of their developer pulled the trigger to launch it main net before schedule, that created a bad drama at their early days."

--- This is actually a good thing, if you take a look at current government regulation surrounding these things. The way Curve Finance DAO was set up, due to their launch there is no way a Government can come attack them. Curve was launched by anon Twitter user who did us all a good favor: https://twitter.com/0xc4ad ----  Unlike Uniswap where their founder is known.

I don't buy into it that CRV is undervalued, it is around $2.3 per tokens now, and looking at the whole market cap that is huge. The team got some basic things wrong initially when the tokens was launched and it seems they don't want it to be controlled by the community also the amount of tokens entering the market daily is also huge all these do not help the price initially but it seems they are trying to rectify some of these error. No matter how good a project is, if the tokenmetrics is wrong the price will suffer

CRV will continue to follow UNI in price. I predict UNI will be trading at $50+ by the end of next month. CRV will follow, I expect $10 per CRV over the coming weeks...

Agree. Many have overlooked Curve Finance and what it is setting itself up to become. Its actually pure genius the way the project was launched.

We can't tell this early if they are indeed be a tough competitor of Uniswap.
I will believe it once they are getting a lot of tractions from crypto users and people are going to their platform to trade.
Though there are promising aspects but in crypto, as long as they are not getting the interest from the community, don't expect to hit it off.
We have seen a lot of projects with outstanding features and technology, and yet, they never made it in the market.
But good to have competitors in the market, at least users have options to choose for the best.

Sure we can, its algorithm is already offering much lower slippage for large stablecoin trades so its already better than Uniswap in that respect. Once they implement swaps for all ERC20 pairs its game over and I expect Curve to take more of Uniswaps market share. Either way, both platforms are positioned to do well in the future.

I am not sure about this but it is one of CRV problems. Huge supplies will make it bad in the eyes of investors.

CRV could be considered to trade, not to invest. Frankly said, I think that all DeFi projects and their tokens are currently overvalued. They will be corrected to their real values in the bear market. I know the market now is bullish and the game can continue for DeFi tokens.

I disagree with your opinion that CRV is undervalued at the moment but I agree that it is good to trade.

$10 - 25 target for this coin

Yes it is was i though there will be a competitor for uniswap, and ot is curve. For the price, i can not say anything about the price but one thing for sure the price will goes up when more people comes and use curve as alternative to curve. Another dex i will vote is IDEX, it is in the very small marketcap now.

Agree with OP, $5 is coming soon. Personally, I am holding CRV at my Binance wallet. sold out 25% already because my buy price was $1.28 and I am waiting for $5 per CRV coin. I follow crypto Twitter peoples and one of my favorite traders posted a chart (https://twitter.com/FeraSY1/status/1355519473982332928/photo/1) and I am following it. CRV already hit $2.7 and the next resistance is $3.58. hope soon it will go to the moon.

At this stage, I think that investors will have great faith in CRV, ignoring all the bad news in the past, I agree this is one of the defi projects where the price has not met expectations.
I have also started keeping it below $1.5, and now I think it will go a long way.

$5 short term, long term I see this coin trading well over $20. DeFi coins are set to explode over the coming weeks.

Undervalued?? Undervalued how??? Are you kidding us?
http://prntscr.com/xzv8yc

Circulating Supply: 206,524,656 CRV
Max Supply:          3,303,030,299 CRV (***)

This is by far the most overvalued DeFi token. Sorry but this is the truth.

calling it now CRV will be trading over $3 within 48 hours

I would exit at $5.5 and wait for another time to enter CRV. With that price, I can double my capital and it is enough. Set a price target too high can cause miss of opportunities and capital turnovers.

If you trade well and love CRV, you won't have to wait for a target price at $25. If you trade and double your CRV amount, you will get same profit at the price $10 or $7.5. In season of altcoins that is supported by crypto bull market, x5 or x10 is possible but I don't take risk like that and lose my profit.

agree on most part, but one should consider that "in the bull market" can miss out uprising opportunity if leaving too soon
on the other hand, this is the most difficult question in investing/trading, when to enter and when to get out and answers should be set before the trade, and depend on each individual risk and analysis preference

I would skip CRV for long-term, due to excessive number of tokens, from which only a small part is in circulation, but from a technical perspective seems that it will go up, of course, note that this is not an advice on any matter
and, from my perspective, if CRV will follow UNI, as one iterated, I would stick with UNI instead, it is more secure and have highest volume on the exchange (not an advise, of course)

Yes, it can be. Who knows? But for long term holding it isn't good.

Every investor should remember that all these so called DeFi projects are showing good signs only because of bitcoin bull season that we are in, once that is over all these DeFi projects will bring huge losses, know what you want and have a target, do not fail to take profits before it's too late, Curve looks good enough but no one can tell for how long this is going to keep up.

You might be right, it is going to follow the price of UNI, but one thing you need to look at is the Total market cap, has the tokens keep coming to the space, if the whales stop pumping and buying up the tokens, the is a reason the price went from $50 to $0.5 in the first place

Looking like it wants to fly past $5 within the next few days. Once that happens I expect a small correction and then for us to trade sideways at the $5 level before resuming rally past $10

Guys I hope you are holding it for short-mid term investment and not for long term. Its supply is terrible. You saw how easy it went to ~0.4 USD. Now it is pumping because we are in bull market and everything goes up. We don't know when the next bear market comes. CRV isnt from the bests coins to hold IMO.

The price is rising because Curve is being used more than ever before. The demand will only increase as institutions and banks get involved in this space and need platforms for stablecoin swaps. Curve is positioned as the market LEADER for stablecoin swaps and that is huge... not to mention they are adding regular pools for all other ERC20 pairs soon + zcash pools on Curve

That only be possible if someone will give some hypes just like to DOGE. Maybe, if we could ask Elon Musk to do it (in its favor) we might see a huge uplift but what CRV position now, that is quite impossible to reach $7. But I encourage you to stay patient coz nobody knows it might unexpectedly surging high just like what happens to other Defi coins. But if you are already in the profit now, better make a decision to sell and diversify your portfolio, you find more potential altcoin or Defi coins around.

I agree. These early mistakes can be costly. In the case of Curve, it's value is not undervalued, it already has a large market cap. As for it growing, I'm sure it is possible with this bullrun but whether this will be the best option to put your money in, I'm not so sure. You can think of it even as a soon to be competitor of UNI but we know that without proper tokenomics nothing substantial can happen.

Keep in mind there are major incentives for CRV holders to stake their coins so they can earn more CRV

I suspect over time as people figure this out and demand increases we will see more and more CRV locked up , the tokenomics of this system are not like most coins.

It is problem for DeFi tokens now and stake/ masternode coins in the past. You have to lock your coins or tokens to receive rewards but in the same time price will have changes. It is bad if you receive rewards as 50% of your initial amount of tokens but the price falls down 70% or more.

With DeFi tokens, choose the good period to enter in order to get as cheapest price for your initial investment as possible is key. This step helps to reduce risks of price falls down deeper and also increase chances to get profits from your rewards. Even you get rewards with profits, the next problem is do you cash it out or keep reinvestment all (too much greedy)? The latter one sooner or later will cause you a loss.

Staking has been very profitable with Curve over the past few months.

But still uniswap being dex, power resides in hands of uni holders, founder created it but the uniswap itself does not depend on it.

Im calling it now we will be over $4 within 24 hours

DeFi coins are UP! Most of them are in their all-time-high and keep creating a new ATH. This CRV also got my attention since I am scanning every DeFi coins that the all-time-high is still far, so there is still a lot of room for profits. But I admire this thread to help my research, not only in price but also in fundamentals.
I am still waiting for a few dumps before buying CRV, the RSI is still in an oversold area, I am not buying now.
Here's my simple chart.

https://i.imgur.com/jdJIVr8.png

I am adding to my stack on each pull back while this thing is under $5. Like I said several times now, this coin is going to $10+ long term, has massive potential to be even bigger than AAVVE or COMP

It is true if you did not buy CRV in the first 3 months after it was launched. It is basic and key to get profits from DeFi coins if you don't trade. Wait for a while and get a good price to buy, hold and lock them to pools to get rewards and wait for pumps.

Buy it at price from which it won't fall much deeper will help you get profits and won't get much headache. If people bought CRV 4 or 5 months ago, they get huge profit but if they bought it in first 2 months, their hearts would be broken with terrible dumps.

Price from $1.9 to $2.7 can give you good accumulation chance.

cool name they have . reminds me of a car :D but dont be sure yet that crv can do thier promise . with so many new failed projects, i now find it hard to put my trust to just any new coin but i will only believe on them once they have proved something . trading on thier platform is much smoother because they only have one coin in trade but that performance can change and can became glitchy if ever they are going to add more crypto pairs as on what they promised . lets wait and see

Dont forget that there is a bullrun, those indicators don't mean anything for now. Just buy lol

If you are willing to wait anyway, just hold it or perhaps joining the liquidity pool to make money out of it. The price of CRV jump from $2 to 3 lately, that's big already. It should be worth watching the investment grow just like how our investment to defi tokens like Aave and SNX.

taking the opportunity to add to my stack today, a bit more sideways before we continue past $4

Yes but there are so many DEX based stablecoins swap projects and you can also do that through Uniswap. Since CRV is open source project, it isn't difficult to fork it and create something similar.

About institutionals and banks, they have no reason to do that via DEXs. IMO, they are using centralized exchanges which have more liquidity and security plus the fact that they can hide their tracks since their trades and deposits are not visible like they are in Ethereum blockchain.

I fully support it. The coin has a huge accumulation of positions on the chart. Such coins can reach up to $20 safely. I will record a profit of $9 and above. This is one of the most promising projects in recent times. The only question is that crv do not take money, because they are worried about the community

CRV is a good DEFI project but the total supply and the way the token distribution project is a barrier to this project from increasing in value. Investors invest for profit so they will choose governance token distribution projects that decrease over time.
I think CRV will increase in price but slower than other DEFI projects.

The main thing is that it grows. And the timing of this growth is another matter. I personally am willing to keep the coin in my portfolio for many months. But when the crv is ready, there should be a good boost

Personally, I really had a moment of impatience when CRV left too much, but at this stage I think CRV has great potential. I agree with OP's point of view, most likely in the near future we will see it go up to its current position, I also plan to hoard more CRV for myself.

How much does one get for staking CRV?

Absolutely agree with this.

Convex is also one of the projects that is built as a Curve derivative which I think holds a lot of promise.

These DEX projects, especially stablecoin swap projects like Curve are highly underrated in this bear market in my opinion. A lot of attention is drawn to L1 technologies but not enough with already functioning, institutional ready platforms like this one.