- The native token of Curve Finance is recording minimal gains following its weeks-long decline.
- The gradual uptick has seen Curve DAO rebound from its record low value.
- The slightly upward momentum of the broader crypto market is fueling recovery optimism.
The recently concluded week was rough for Curve DAO (CRV), the native token of the Curve ecosystem, which struggled to regain balance following a deep sink into an all-time low. Despite market fluctuations rippling through select assets with modest gains, CRV remained stagnant, unable to reverse its downward trajectory.
However, in a surprising end to the week, the token may have its sights set on recovery.
Curve Climbs 4% on Road to Recovery
According to CR V’s trading data on Friday, May 3, the token has fluttered between 3.7% to 4% uptick in the last 24 hours, valued at $0.435. The uptick marks a reversal of fortune for Curve DAO, correcting its week-long lows.
While only minimal, Curve’s present upward momentum marks an approximate 30% increase from its record low value of $0.33, which it dipped to on April 12 in the wake of a crypto market crash.
However, the token still sits 36% below its year-opening value of $0.605, and a staggering 93% below its year-high value of over $0.8, dashing the once-heightened excitement for its potential to reclaim a $1 peg.
The upward pressure in Curve DAO’s price is likely tied to the modest recovery witnessed in Bitcoin (BTC), which also had a rather challenging week. Currently trading over $61,600 BTC has recorded a total 4.4% uptick over the past day.
This marks a rebound from the token giant’s week-low range of $56,000 to $57,000, sparking recovery hopes across the broader market.
Read this to discover the liquidation scare CRV’s all-time low crash triggered for its founder:
Curve Founder Eases Contagion Fears, Slashing Debt to $42.7M
This coin mixer is adopting preventive measures to avoid the DOJ’s scrutiny, find out more:
Wasabi Wallet Exits Mixing Sector as DOJ Pressure Piles on
