The exchange rate between CRV and CVX has been basically 1:4 for the past two days.

$CVX Reasonable Price Analysis and Valuation Framework
1. Recently, the price of $CRV has surged 4 times, driving its ecological token $CVX to rise simultaneously, sparking discussions in the market about the pricing of $CVX. What is the reasonable price of $CVX? Is there still an opportunity to get in?

2. Some believe that the value of $CVX should be 10 times the price of $CRV. This logic is mainly based on the indirect control that $CVX holders have over the governance of $CRV.

3. $CVX is essentially a platform token/mining token, and its function is more reflected in mining rewards and platform incentives rather than being the core driving asset of the $CRV ecosystem. Its price fluctuations are usually influenced by the price of $CRV, lacking independence.

4. Historically, the price of $CVX has shown a high correlation with $CRV. Based on historical data and current market conditions, the following historical ratios can be derived:
The price ratio of $CRV to $CVX typically fluctuates in the range of 1:4 to 1:8 (weekly)
For example, when the price of $CRV is 1 USDT, the reasonable price range for $CVX is 4-8 USDT.

5. From a functional perspective, the reasonable price range for $CVX is closer to 4-6 times the price of $CRV, meaning that based on the current price of $CRV at 1 USDT, the reasonable range is 4-6 USDT. This valuation aligns more with $CVX's positioning as a supporting token.

6. Summary
As of the time of writing this article, the current price of $CRV is 1.11, and the reasonable price for $CVX should be 4-6 times, which is 4.44-6.66 USDT; if it exceeds 8.88 USDT, it indicates short-term overvaluation. The current price of $CVX is 6.84 USDT, which has already exceeded the reasonable range. The cost-effectiveness is not high; if the price falls below 5, it represents an opportunity.