- Curve DAO (CRV) hit a 22-month high at $1.33 after a 286% surge, driven by the launch of the Savings crvUSD stablecoin.
- Currently in the overbought region, CRV may face short-term consolidation before aiming for $1.5.
- iDEGEN combines meme culture and AI technology with a dynamic pricing model, creating volatility and potential for capital gains.
As December unfolds, the cryptocurrency market is witnessing a remarkable surge in prices, with Curve DAO (CRV) leading the charge. The token has started December with a 52% weekly surge, catching the attention of both seasoned investors and newcomers alike.
Following the strong CRV performance, many are now questioning whether it can continue its upward trajectory and whether it can reach $1.5 as another token, iDEGEN, emerges with a unique approach to community engagement and dynamic pricing.
Curve DAO (CRV) hit a 22-month high
The Curve DAO (CRV) token hit a 22-month high of $1.33 on December 7, driven largely by the launch of the Savings crvUSD stablecoin.
The Savings crvUSD stablecoin not only allows users to earn rewards but also positions CRV as a potential competitor to other stablecoin platforms. The decision to introduce scrvUSD — a yield-bearing stablecoin — has increased investor interest, pushing CRV’s open interest to an all-time high of $262 million according to CEX.IO analysts.
Despite a recent 7% correction, CRV’s market cap remains robust at $1.6 billion, signalling strong underlying support.
With the daily trading volume rising to $635 million, CRV appears poised for further gains. However, the asset’s Relative Strength Index (RSI) indicates that it is currently overbought, suggesting a potential short-term price pullback before it can continue its upward momentum.
The next significant resistance for CRV lies at $1.08, with support at $0.8672. If it can maintain a closing price above $1.08, it could aim for the next resistance at $1.22, putting $1.5 in sight if momentum sustains.
iDEGEN emerges as a promising alternative
While Curve DAO (CRV) continues to capture attention with its established DeFi protocols, a new player, iDEGEN, is quietly making waves in its presale.
Launched in November 2024, iDEGEN combines meme culture with cutting-edge AI technology to create a unique digital asset that evolves based on community engagement on X. This dynamic approach allows…