Expert take: Here’s why CRV rallied 500% to 22-month highs
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 09 2024CRV Token Growth: The Curve DAO token (CRV) surged 500% in December, reaching $1.33 with a market cap of $1.6 billion, although it faced a 7% correction recently due to overbought conditions.
Launch of scrvUSD: The introduction of the yield-bearing stablecoin scrvUSD has driven demand for CRV, leading to increased trading volume and open interest, while adjustments to its yield mechanism aim to stabilize borrowing rates and enhance user rewards.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
