🥳 I cried. Less than two hours after I posted the tweet, $CRV increased by another 20%!
Successfully broke through 1U and reached 1.1!!!
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BitHappy
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Bullish
After seeing Mr. Wang’s post, CRV is expected to increase tenfold in the long run, and I can’t help but take another look at Curve’s fundamentals!
The main reason for this rise is the entry of institutions: BlackRock’s funds cooperate with Curve to enter the world of DeFi, and in the future, there will be a billion dollars worth of RWA synthetic dollars that Curve can use.
In June, Curve founder Michael Egorov’s huge loan position of mortgaging CRV tokens to borrow stablecoins has also been liquidated. The cited article was also written at this opportunity, and the bottom price of 0.24 was attached.
But the price did not rise or even fell for a long time after the liquidation, washing away too many people, which is also one of the reasons why there is no pressure for this rise.
Also because of reading this article again, I found that the data of Curve on DeFiLlama is not even as good as when it was liquidated in June, and I can’t help but worry a little!
But the bull market expectation is more important, and Pipi will hold CRV until the end of this bull market!
Yesterday I also wrote an article praising Curve's veToken economic model. You can read these two articles together and you should understand why CRV is the underlying asset of many DeFi protocols!
veToken: https://www.binance.com/zh-CN/square/post/17058933907009
The main reason for this rise is the entry of institutions: BlackRock’s funds cooperate with Curve to enter the world of DeFi, and in the future, there will be a billion dollars worth of RWA synthetic dollars that Curve can use.
In June, Curve founder Michael Egorov’s huge loan position of mortgaging CRV tokens to borrow stablecoins has also been liquidated. The cited article was also written at this opportunity, and the bottom price of 0.24 was attached.
But the price did not rise or even fell for a long time after the liquidation, washing away too many people, which is also one of the reasons why there is no pressure for this rise.
Also because of reading this article again, I found that the data of Curve on DeFiLlama is not even as good as when it was liquidated in June, and I can’t help but worry a little!
But the bull market expectation is more important, and Pipi will hold CRV until the end of this bull market!
Yesterday I also wrote an article praising Curve's veToken economic model. You can read these two articles together and you should understand why CRV is the underlying asset of many DeFi protocols!
veToken: https://www.binance.com/zh-CN/square/post/17058933907009
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
CRV
1.1379
+33.35%
Replies 5
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