The Curve Dao (CRV) community was shocked when a hacker stole $50 million worth of cryptocurrencies in July 2023. This breach caused the value of the CRV token to drop significantly. Many are now wondering if the Curve Dao can recover and reach its previous levels. Currently, CRV is trading at $0.42, showing a 4% gain in the last 24 hours.
The price of CRV has been in a downward trend, with a battle between bullish and bearish forces. This has led to a descending triangle pattern, indicating a continuation of the bearish trend. Bears found support at $0.42, but bulls attempted to increase prices and were met with resistance at $1.29. The bearish sentiment is confirmed by the crossover of the 50-day moving average and the 200-day moving average at $0.77.
There is a small chance of a rebound for bulls as the price shows signs of reaching the upper boundary of the descending triangle. The relative strength index suggests increased buying pressure. However, bears still have control over the CRV market price.
BTCBSC may be an attractive alternative for investors looking for promising returns. Its presale phase has already raised over $1.7 million and offers potential growth of up to 200x. BTCBSC combines Bitcoin’s value with BNB Chain’s technology and operates as a BEP-20 token on the Binance Smart Chain.
Investors can earn passive income through staking BTCBSC, similar to Bitcoin’s original block reward system. The staking pool is already operational, offering rewards every ten minutes with an estimated annual percentage yield of 306%. The team has made 4 million tokens available for sale, with an additional 2.125 million in reserve.
To acquire BTCBSC, you can visit the official website and choose from multiple payment options, including ETH or USDT (ERC-20), BNB or USDT (BEP-20), or card payments via Wert. It’s important to note that BNB will be required to cover gas fees during the claiming process if you purchase with ETH.
In other news, Coinbase CEO Brian Armstrong has urged DeFi companies to sue the CFTC, and Linq is preparing for a 56% climb in price.
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