Convex Finance (CVX): Top Performer of the Day with a 25% Surge!
Today, Convex Finance (CVX) has emerged as the top-performing coin, boasting an impressive 25% increase in value. Currently trading at $2.488, $CVX has demonstrated significant momentum in the market. Here's a closer look at the latest chart and key information:
Key Statistics:
- Current Price: $2.488
- 24h High: $2.525
- 24h Low: $2.003
- 24h Volume (CVX): 2.34 million
- 24h Volume (USDT): 5.44 million
- Market Cap: $229.77 million
- Fully Diluted Market Cap: $237.69 million
- Circulating Supply: 96.3 million CVX
- Total Supply: 99.63 million CVX
- Market Dominance: 0.0095%
- Rank: No. 268
Recent Performance:
- Today: +25%
- 7 Days: +3.84%
- 30 Days: +6.55%
- 90 Days: -43.80%
- 180 Days: -30.68%
- 1 Year: -26.65%
Technical Analysis:
The recent 4-hour chart indicates a strong bullish trend, with $CVX breaking through significant resistance levels and reaching a high of $2.525. The volume moving average (SMA 9) shows increasing trading activity, confirming the strong interest in CVX.
Historical Performance:
- All Time High: $62.6882 (2022-01-01)
- All Time Low: $1.8805 (2024-06-13)
About Convex:
Convex Finance's primary utility is to boost user earnings by optimizing gauge voting (boost) at Curve Finance for CRV distribution, without requiring users to operate or make decisions on Curve Finance. This utility has made it a valuable tool for DeFi enthusiasts looking to maximize their returns on CRV tokens.
Conclusion:
Convex Finance's impressive performance today highlights its potential in the DeFi space. The coin's recent surge is supported by strong market interest and increasing trading volumes, making it a top contender for investors seeking high returns. As always, stay updated with the latest developments and market trends to make informed investment decisions.
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
