
Curve (CRV) Token Price Rallies Above 50% but Experts Suggest Short Squeeze Plot
The ongoing rally of the CRV price might be linked to a publicized short bet on the token.
$0.84
1H
0.20%$0.0017
24H
-1.81%$0.0155
7D
-3.54%$0.0308
30D
-8.10%$0.0739
Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.
Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.
In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.
The ongoing rally of the CRV price might be linked to a publicized short bet on the token.