Extra gains could be likely for CVX, based on classical charting pattern.
The leading crypto exchange, Binance, has recently revealed a warning over five crypto, sparking market discussions. In a recent press release, the exchange said that it has included monitoring tags for Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE).
Convex Finance (CVX) has seen a continuous downtrend since the crash at the end of July, with its price steadily declining each day. This prolonged drawdown has resulted in CVX reaching a new all-time low.
Amid the growing volatile market, the CVX price trend teases a double-bottom reversal within a descending triangle. Furthermore, with a market cap of $211M, Convex Finance is up by 4.47% in the last 24 hours, with a potential bull cycle ahead.
Amid the growing volatile market, the CVX price trend shows a bullish rally in motion. Despite the intraday pullback, the recovery rally in the altcoin teases a breakout run as the demand grows. With the overnight surge creating a solid bullish recovery, the CVX price teases a 2x rally upon breakout.
Low- and mid-cap altcoins gain traction as the cryptocurrency market prepares for a historic rebound to record peaks. Bitcoin flourished over the past seven days, climbing from a weekly low of below $62K to trade at $67,200 during this publication.
Binance will extend the Monitoring Tag to include 11 new tokens and remove it from two tokens effective July 1, 2024.
The price of Convex Finance (CVX) saw a sharp decline on Friday morning as selling pressure mounted amid a significant dump from a whale. Data from CoinGecko showed CVX price at $3.15 at the time of writing, down sharply from intraday highs of $3.44 reached just hours earlier.
OKX to enable USDT-margined perpetual futures, margin trading, and Simple Earn for CVX on June 25, 2024.
TL;DR CVX Price Surge: Convex Finance's CVX token price has skyrocketed by over 50% in 24 hours, setting new trading volume records on platforms like Binance and Bybit. Market Cap Growth: The market cap of CVX has reached $415 million, with a daily trading volume increase of 2,800%, indicating a strong market interest.
AMBCrypto explains the reasons behind the incredible surge while touching on the next steps for CVX.
The price of Convex Finance (CVX) recorded an impressive rally over the past day. Now, traders are betting on its downturn.
As the crypto market reaches the $3 Trillion cap, the altcoins are rising to higher levels, lost during the bear run of 2022. Amidst this bull run, a DeFi token, Convex Finance's CVX, aims to regain the uptrend and scale back to new heights.
Binance Futures, the futures trading arm of the crypto exchange Binance, has announced significant operational changes that will impact various perpetual contracts. The exchange plans to delist and adjust the leverage and margin tiers for STP (STPTUSDT), Status (SNTUSDT), MovieBlock (MBLUSDT), Radworks (RADUSDT), and Convex (CVXUSDT) perpetual contracts.
Cryptocurrency prices moved sideways after the Department of Justice (DoJ) sued KuCoin, one of the biggest exchanges in the world. They also wavered after a court ruled that the SEC lawsuit against Coinbase may continue. Bitcoin remained at $70,000 while Ethereum was stuck below $3,500.
Ravencoin is trading near above $0.033, a two-week high last seen on March 12 when the altcoin soared alongside Bitcoin (BTC). With over 14% gains in the past 24 hours and 34% this past week, Ravencoin price is outperforming most of the top 10 altcoins by market cap.
January was a mixed month for the cryptocurrency market, starting with new all-time highs for many altcoins, which, however, experienced bearish trend reversals in the latter half of the month.
The cryptocurrency industry had a relatively mixed year in 2023. It started the year well and then resumed the crypto winter where most coins were in a narrow range. It then bounced back in the fourth quarter, with most coins and tokens surging. There are now over 11,600 cryptocurrencies, according to CoinGecko.
The Convex Finance community has initiated a critical proposal for the adjustment of the FXS Protocol fee structure, with voting now underway.
Binance delists 22 spot trading pairs in three phases, starting at 05:00 UTC on September 8, 2023. Users are advised to update or cancel their bots and convert BUSD assets into other available assets before February 2024.
ConvexFinance, a prominent platform facilitating CRV staking and liquidity mining, has taken a significant step toward enhancing its functionality.
Suspected Terraform Labs address sells 110,000 CVX tokens, attracting attention.
The Reserve team said the investment could allow for new features such as collateralized loans and wallet products.
Today's cryptocurrency market highlights Bitcoin SV (BSV), Kava (KAVA), Luna Classic (LUNC), Bitcoin Cash (BCH), SUI (SUI.io), and PEPEcoin (PEPE) as top gainers. On the other hand, Stacks (STX), Casper (CSPR), Render Token (RNDR), Convex Finance (CVX), Injective Protocol (INJ), and Woo Network (WOO) are facing losses.
A popular crypto analyst is detailing the fundamental reasons why a decentralized finance (DeFI) altcoin is one of his highest conviction plays for the next bull rally. The pseudonymous analyst known as Credible Crypto tells his 339,000 followers that he has his radar locked on Convex Finance (CVX).
This week, the price of cryptocurrencies has risen above moving average lines.
Investors appear to be rallying around decentralized finance (DeFi) protocol Convex Finance (CVX), which has inked 8.98% growth to $5.57, per CoinMarketCap's data. Convex Finance's growth is a testament to the encompassing growth rally in the industry today, which has also spread to the less popular DeFi protocols.
In the last quarter of 2022, Convex Finance [CVX] committed to integrating several sidechains on its network. So, on 9 March, the liquidity provider announced that it had launched on Polygon [MATIC] to further foster the mission.
February 2023 brought a correction phase in the majority of major cryptocurrencies. As a result, the Convex Finance coin turned down from the $7.1 resistance and tumbled 23.75% down to reach $5.5 support.
DYDX, MINA, Optimism (OP), Loopring (LRC), and Convex Finance (CVX) lead the pack this week as the biggest crypto market gainers.
The cryptocurrency market has seen a remarkable surge across January 2023, with many digital assets showing an upward trajectory. Established coins with a proven growth track record are among the market leaders, while altcoins have shown phases of price breakouts.
A v-shaped bullish reversal from the $3 psychological support surged the Convex Finance coin 67% higher to reach the current price of $5.054. The bullish rally is currently challenging a monthly resistance of $5, offering further growth potential for coin holders.
Unlike the majority of major cryptocurrencies, the convex finance coin started its recovery rally a bit late, that is, from the second week of January. However, this altcoin made up for the lost time, as it witnessed a nearly perpendicular growth in the last ten days.
Convex issues an update to its staking mechanism amidst competition from Yearn Finance and Stake DAO.
As part of its 2023 reforms, Convex Finance [CVX] announced some changes to the way staking works on its protocol.
Thanks to the underlying innovation, nuclear fusion stocks to buy may become a viable topic as the tech gets fleshed out.
According to our Ravencoin price prediction, RVN coin is poised to spark new highs after recovering from the current bearish mud.
In spite of its sixth position on the Total Value Locked (TVL) standings, Convex Finance [CVX] failed to send the DeFi TVL to its lowest since February 2021. The Curve Finance [CRV]-based staking platform defied the trend shown by other top protocols, leading to a 34.44% increase in the last 30 days.
Ravencoin is a peer-to-peer network and cryptocurrency designed to facilitate asset transfers between parties using an application-specific blockchain. The project purposely restricts itself to a very particular use case and tries to separate itself from other blockchains.
BeInCrypto takes a look at five altcoins that decreased the most from the entire crypto market last week, more specifically, from Nov. 25 to Dec. 2. The post Convex Finance, Curve DAO Token, Nexo, Solana, and Bitcoin Cash Take a Beating This Week appeared first on BeInCrypto.
A new announcement from leading cryptocurrency exchange Binance has helped the price of a little-known cryptocurrency, Ravencoin ($VN), surge. The move comes during a cryptocurrency bear market that has seen Bitcoin ($BTC) drop to a $15,000 low.
Ravencoin (RVN) spiked 20% following Binance Pool's announcement of mining services for the proof-of-work (PoW) coin. The post Ravencoin spikes 20% following Binance Pool announcement appeared first on CryptoSlate.
According to the most recent statement issued on November 23rd, Binance Pool has now added Ravencoin [RVN] to its list of supported tokens. For its RVN pool, Binance Pool will charge a 1% fee.
The world's leading exchange, Binance, announced the launch of the Ravencoin mining pool following Ethereum's move to Proof-of-Stake (POS) The post Binance Pool Launches Ravencoin (RVN) Mining Pool Following ETH Move to PoS, Price Jumps 12% appeared first on BeInCrypto.
Black-and-yellow crypto giant announces RavenCoin Mining Pool launch, RVN price reacts
Former Ethereum miners have been drawn to alternative coins like Ravencoin after they had to leave the Ethereum network post-merge.
The Convex Finance (CVX) price stands at the neckline resistance($6) of an inverted head and shoulder pattern. A bullish breakout from this resistance offset the ongoing consolidation and bolstered a new recovery rally for CVX.