Curve DAO Faces Bearish Pressure After Recent Hack

Curve DAO Contending with Bearish Pressure Following Recent Hack

Despite the bulls’ dominance over the broader crypto market today, Curve DAO has been facing bearish pressure in the last 24 hours. This decline could be attributed to the Curve Finance hack reported on July 31. As a result, CRV’s price has fallen 6% and its trading volume has dipped 35%. However, there are signs of a potential trend reversal.

Key Points:

Curve DAO’s price has fallen 6% in the past day due to the recent hack.
The trading volume of CRV has also dipped 35% over the same period.
Bearish pressure is reflected in the negative trend shown by four consecutive red histogram bars and red candlesticks forming below the moving averages.
The RSI indicator suggests that CRV is undervalued and could potentially see a positive trend reversal.
Investors may consider the cryptocurrency venture Wall Street Memes (WSM) for short-term ROI.

Wall Street Memes Outperforms Curve DAO with $20 Million Presale Funds

Wall Street Memes (WSM) is a cryptocurrency venture that merges humor and financial expertise. It has gained significant community engagement with over 1 million active users across various social media platforms. This engagement has translated into substantial financial backing, with $20.2 million raised during its presale phase.

Key Points:

Wall Street Memes (WSM) has garnered a large and engaged community, with over 1 million active users and 40 million impressions.
During its presale phase, WSM has raised $20.2 million out of the intended $21.9 million.
The token’s worth is expected to increase to $0.0331 upon the successful culmination of the ongoing presale phase.
WSM offers payment options in various cryptocurrencies and traditional bank card transactions.

Hot Take:

While Curve DAO faces bearish pressure following the recent hack, there is potential for a trend reversal. On the other hand, Wall Street Memes has gained significant community engagement and financial backing during its presale phase. Investors seeking short-term ROI may consider exploring WSM as an alternative.