Curve DAO (CRV) Sees Price Surge and Increased Trading Volume
Curve DAO (CRV) has experienced a significant increase in price, with a gain of over 7% in the past 24 hours. The cryptocurrency is now trading just above $0.5 and has risen by approximately 20% in the last two weeks. This surge in price has been accompanied by a massive leap in trading volume, which has increased by 398% to $148 million.
The recent uptick in CRV’s price has been attributed to whale accumulation. Whales, or large investors, have been accumulating large amounts of CRV tokens. One whale, identified as 0xDf14, withdrew 5.17 million CRV tokens ($2.63 million) from Binance in just 20 minutes. This whale has made several withdrawals totaling 14.44 million CRV tokens ($7.55 million).
Another whale, Michael Egorov, deposited 23.26 million CRV tokens ($12.3 million) into Silo and borrowed 3.75 million crvUSD before exchanging it for USDT and repaying the debt on Aave.
Curve DAO Price Correction and Future Predictions
After reaching a swing high of $0.566 on September 24, the price of Curve DAO corrected to around $0.508 as sellers took profits. However, the price remains in an uptrend supported by all major moving averages facing upwards and a Relative Strength Index (RSI) in the positive region.
The key levels to watch on the upside are the Fibonacci retracement levels at $0.518 and $0.536. If the price breaks above these levels, it could reach $0.55 and potentially even $0.6.
On the downside, support levels are found at $0.504 and $0.489. If these levels are breached, the price could drop further to $0.468 and potentially even $0.442.
It’s important to note that the buyer congestion zone between $0.440 and $0.45 is a strong support zone for the Curve DAO price. This area could provide a safe haven for buyers before another potential recovery.
Meme Kombat: A New Stake-to-Earn Gaming Token
Meme Kombat is a new stake-to-earn (S2E) gaming token that has recently launched its presale. The token, called $MK, combines memes and competitive gaming on the Ethereum blockchain.
The project has already raised close to $60,000 within three days of its presale launch, showing strong interest from investors. Meme Kombat offers an annual percentage yield (APY) of 112% on staking.
To participate in the Meme Kombat presale, visit their website and connect your wallet to purchase $MK tokens using USDT or Ethereum. The presale has a hard cap of $10 million with a total supply of 12 million $MK tokens.
Hot Take: Meme Kombat’s Presale Shows Promise
Meme Kombat’s presale has generated significant interest from investors, raising close to $60,000 within just three days. With its unique combination of memes and competitive gaming, Meme Kombat aims to create an engaging experience for users while offering attractive staking rewards.
If you’re looking for a new cryptocurrency investment opportunity with potential for good returns, Meme Kombat’s presale could be worth considering. However, as with any investment in the volatile crypto market, it’s important to conduct thorough research before making a decision.
Visit Meme Kombat’s website for more information on the project and how to participate in the presale.
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