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CRV - looking very good in this correction time
CRV / TetherUS
Long
CRV - looking very good in this correction time
By Philippe_0x
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Nov 17, 2021
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Nov 17, 2021
Curve is a decentralized exchange for stablecoins that uses an automated market maker to manage liquidity.
Market Cap of 1,6 billion is just ridiculous for this project.
Market Cap/TVL (Total Value Locked) Ratio confirms that with value of just 0.08!! (For example UNI is at 1.31 ratio and 13.6 billion Market Cap)
Chart is also looking good. Consolidation after breakout, forming bullish flag, strong bounce from weekly support confirms that buyer stepping in.
Short term price target is top of the flag at around 5$.
Long term I can see it easily at 10 billion M. Cap.
Curve is very undervalued project. Better grab some while it is at just 1,6 billion M. Cap!
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Philippe_0x
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