Curve DAO (CRV) Up 8%, Is This its Second Chance?

The worst experiences for Curve DAO (CRV) might be over as the token has started seeing a number of green days in recent times.

Curve DAO and its Steady Price Gains

On-Chain data shows that CRV is currently up by more than 8% over the past 24 hours and is worth a spot price of $0.6409. The past week has been one of the most tumultuous for CRV since the damning crypto winter during which the token dropped as low as $0.52.

The metrics are much better and promising at this time with the price of the coin down by just 13% over the trailing 7-day period. In the heat of the Vyper exploit that rocked its ecosystem, prices dropped as low as 50%, making the current recovery a notable one.

The outlook of CRV is one that shows the return of interest from its buyers across the board. The trading volume has soared as high as 96% overnight, a metrics that proves liquidity is returning to the Curve Finance ecosystem.

With the overall recovery, Curve DAO has started regaining its luster in the Decentralized Finance (DeFi) ecosystem as data from DeFiLlama shows its Total Value Locked (TVL) has returned to $2.22 billion.

Whether or not the growth of CRV has come to stay is yet another subject up for debate, however, the current metrics is proof that normalcy is returning to the DeFi platform, a boost for the broader Web3.0 ecosystem.

Proven CRV Growth Triggers

Volatile digital currencies are often triggered by a positive fundamental event and for an embattled coin like Curve DAO, a confluence of positive news are notably helping to boost its outlook.

One of these triggers is the gradual refund of the more than $61 million stolen by its exploiter, a show of faith that is becoming a norm in the crypto world at this time. Besides the refund which will imply the Curve Finance team suffered minimal losses, the protocol’s founder, Michael Egorov has also repaid most of the loans he took on to help return liquidity to the Curve Finance protocol.