In the past 24 hours, the price of the digital currency CRV has seen a 10% growth. This increase comes as Michael Egorov, the founder of CRV Finance, has sold nearly $2 million worth of CRV tokens in the past two weeks. Despite ongoing token sales, the CRV protocol has witnessed significant user activity in the first quarter of this year, setting a new record in traded volume. Trading volume for CRV has reached $35 billion, a 13% increase from last year, with total transactions on the platform rising from about 1.8 million to 5.5 million, mainly due to growth in decentralized exchanges. Following a recent market crash on Black Tuesday, the price of CRV Finance has surged by over 10% and is currently around $0.47. Daily trading volume for this token has also grown by 27% to $240 million. According to Coinglass data, future trading profits for CRV have increased by 6% to over $107 million, indicating strong bullish sentiments among traders. Renowned analyst, Mental Trader, predicts based on Elliott Wave theory that the price of CRV could surpass $3. If the price crosses the $0.60 level, the upward trend will be confirmed. Alternatively, if prices fluctuate downwards, the $0.34 level is identified as a key support level.
