Popular cryptocurrency traders remain bullish about One Decentralized Finance (DeFi) altcoin despite the overall price decline in the market.
Pseudonym Analyst Credible inform His 332,400 Twitter followers are still buying Curve DAO Token (CRV), a governance token from Curve Finance, a decentralized exchange for stablecoins.
“Currently, the average CRV is low, but we are simply adding more. My last purchase was around $1.60 and if I could get more capital I would buy more as close as possible to the current level. Staking at 50% annual interest rate [annual percentage rate] At Convex Finance like we’ve been doing for over the last six months.”
CRV is trading at $1.13 at the time of writing. The 117th largest cryptocurrency asset by market cap has fallen more than 16% in the past seven days.
reliable note Bitcoin (BTC) is currently dominating the market.
“BTC lowered another swing and brought CRV (and the rest of the market). It has now reached a significant support/resistance area. [for CRV] And took a key swing row to the left. Let’s wait until we have a foundation here and try to reclaim the areas we’ve fallen into and work for a reversal.”
Bitcoin is trading at $29,362 at the time of writing.
Check price action
Never miss a beat – subscribe to receive encrypted email notifications delivered directly to your inbox.
follow us Twitter, Facebook And telegram
Daily Hodl mix surfing
 
Check out the latest news headlines
Disclaimer: Opinions expressed in the Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, and The Daily Hodl is not an investment advisor. Daily Hodl is involved in affiliate marketing.
Featured Images: Shutterstock/Vadim Sadovski/BTC Studio/Fotomay