Curve Finance is currently the leader of the DEX ecosystem on Ethereum in terms of Total Value Locked ($7.35 Bn). While the fees on Uniswap v2 is 0.3% per trade, on the flip side, Curve charges merely 0.04% – a nearly 10x difference. Curve’s infrastructure is built to offer minimum slippage and lower gas fees as it focuses on swapping between similar assets thereby suppressing the volatility.
As the median transaction fees on Ethereum is at its lowest levels since Jan 2021 ($2.37 at the time of writing), Curve is well placed to capture the market opportunity available in its vertical. Its partnership with Polygon is a major milestone as it would encourage investors to provide liquidity at negligible fees and swap their assets seamlessly.
At the time of writing, the CMP of Curve is $2.37 and its Market Capitalisation is worth ~$848 Mn. Therefore, the Market Cap/ TVL Ratio is 0.08 which makes the token’s valuation highly undervalued and could be treated as an Accumulation opportunity.
On the Daily Time Frame, Curve is trading in a Range while the lower base of the pattern is at $1.22 while the upper band is present at $4.17.
The support to the lower side is present at $1.55 followed by $1.55 while the resistance to the higher side is placed at $2.7 followed by $3.48. Fundamentally, the CRV token is undervalued and being a leader of the DEX ecosystem on the Ethereum network, the current dip can be considered as a Buying opportunity.
As the median transaction fees on Ethereum is at its lowest levels since Jan 2021 ($2.37 at the time of writing), Curve is well placed to capture the market opportunity available in its vertical. Its partnership with Polygon is a major milestone as it would encourage investors to provide liquidity at negligible fees and swap their assets seamlessly.
At the time of writing, the CMP of Curve is $2.37 and its Market Capitalisation is worth ~$848 Mn. Therefore, the Market Cap/ TVL Ratio is 0.08 which makes the token’s valuation highly undervalued and could be treated as an Accumulation opportunity.
On the Daily Time Frame, Curve is trading in a Range while the lower base of the pattern is at $1.22 while the upper band is present at $4.17.
The support to the lower side is present at $1.55 followed by $1.55 while the resistance to the higher side is placed at $2.7 followed by $3.48. Fundamentally, the CRV token is undervalued and being a leader of the DEX ecosystem on the Ethereum network, the current dip can be considered as a Buying opportunity.