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Price has increased by 91.33% in the last 1 year.
Convex Finance is currently trading 20.23% above the 200-Day SMA which is $5.01.
The 14-Day Relative Strength Index (RSI) is at 72.91 which indicates that the cryptocurrency is currently SELL and may trade sideways.
The number of green days in the last 30 days is 19 which is 64%.
Released 1 Years Ago on May,17 2021.
Over 74.36% of the total supply is in circulation.
Has high liquidity with 0.03376 volume to market cap ratio. The current market cap is $455.96M while the 24-hour volume is $15.39M
Convex Finance price today is $6.13 USD, which is Down by -5.98% over the last 24 hours. There has been an hourly Dip by -0.44%. Convex Finance's market cap currently sits at $455,956,076.26 USD, holding up for a market cap rank at #87. The volume were at $15,392,832.13 USD Convex Finance ranks no 87 in the market capitalization of Convex Finance is at $455,956,076.26 and its volume for 24 hours is $15,392,832.13. Convex Finance are under circulation, with total supply of 97.29M and the Maximum supply of 100M.
A CRV token holder using Convex Finance can earn additional interest rewards and currency trading fees when trading their token on the Convex Finance platform. Therefore, Convex Finance enables boosted Curve staking.
The product is that - it is all there is to it. In an era when protocol offerings abound, you can expect more from Convex. Do not let this fool you, however. Convex's platform is successful because of its sheer simplicity and focused approach.
In reality, Convex is intended for only two types of people:
Convex is a better choice than Curve to see V or deposit LP tokens than Yearn. Rewards are boosted, so that's what matters.
Getting to that point will require a little knowledge of Curve Finance.
April 2021 marked the first introduction of the project. A simple and easy-to-navigate interface allows CRV holders and liquidity providers to maximize rewards. While the training was going on, the team launched the Convex Finance platform's native token, CVX, which would be used for airdrops, incentives, and tips.
Convex Finance's creators maintain anonymity, similar to Bitcoin. According to the company's website, blockchain technology has been attributed to several major problems. The founders of the company include experienced software developers looking for solutions. Since the platform has achieved its goal, the developers will likely reveal themselves in the future.
When the platform was launched in May 2021, total value locked (TVL) reached $21 billion in January 2022, representing $68 million in the first month of the platform's existence. Later, Convex Finance announced that in May of 2022, it had paid fees and rewards to its users totaling $872.8 million.
Curve Finance and Frax Finance are supported by Convex Finance, which runs on the Ethereum blockchain. Convex is accessed through CRV token deposits made by Curve liquidity providers. Token holders earn boosted rewards immediately by contributing funds to a liquidity pool.
Investors can accumulate CRV rewards over time and claim them whenever they choose. Without a waiting period, investors can withdraw CRV tokens at any time. Deposits, withdrawals, and incentive tokens are free of charge at the Curve.
A similar boosted Curve staking reward is offered by Convex Finance. Convex Finance will provide CRV tickets to stalkers who deposit CRV tokens into their app. Shareholders can earn CVX rewards by taking part in the Convex platform fees. Through the Curve 3pool platform, stakers can also receive trading fees.
The developers of Convex Finance have found opportunities to apply the platform's technologies and features to other protocols and Curve liquidity providers and stakers. Now, Frax Finance can lock tokens by using Convex Finance. Its native cryptocurrency is the FXS token.
In addition to providing boosted rewards to liquidity providers and stakers, Convex Finance supports Curve and Frax investments. Since it can assist other similar services in the future, it has extraordinary potential. These factors have contributed to CVX tokens' rising value since their launch and may continue to grow in value in the future.
CRV and FRX are directly linked to CVX's functionality. CRV and FXS tokens enable stakers to earn boosted rewards without long-term commitment through Convex Finance rather than requiring them to stake on Curve and Frax for long periods. This means that investors can use CVX for short-term and long-term investments without incurring expensive fees, making CVX a reasonable investment for both short-term and long-term holds.
CVX token value fluctuates considerably in the cryptocurrency market, which is common. Due to this, investors may see dips in value from time to time. To avoid taking a loss, it may be necessary to hold the tokens until the market value increases again.
|Token Name:||Convex Finance|
|24h volume||$ 10.18 million ($ 10,178,585)|
|Market cap||$ 360.98 million ($ 361,059,045)|
|Fully diluted market cap||$ 475.25 million ($ 475,252,183)|
|Circulating supply||73.67 million CVX (73,669,367.46 CVX)|
|Total supply||96.97 million CVX (96,968,981.06 CVX)|
|Ethereum contract address||0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b|
Where is the Convex Finance (CVX) coin available?
Convex Finance (CVX) is available on a variety of cryptocurrency exchanges. The list of quick, secure, and easy exchanges is listed below.
You can check the whole list of exchanges here to buy Convex Finance (CVX)
The current Convex Finance price is $6.13. In the last 24 hours, Convex Finance price has gone up by -5.98%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Convex Finance price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Convex Finance at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging CVX against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Convex Finance can be earned or received in various ways. CVX considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the CVX, including CVX to PHP, CVX to INR, CVX to NGN, CVX to THB, CVX to CAD, CVX to PKR, CVX to IDR , CVX to EUR , CVX to AUD , CVX to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 CVX is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can compare and check any crypto pairs like AGIX to CVX, FET to CVX, OXAI to CVX, SAND to CVX, GRT to CVX, JASMY to CVX, CAKE to CVX, LUNC to CVX.
The current price of the Convex Finance(CVX) is $6.13, with a current market cap $455,956,076.26.
The maximum supply of the Convex Finance(CVX) is around 100M.
CVX is a ticker symbol of the Convex Finance.
At the movement,74.36M Convex Finance tokens are already in the market out of 97.29M CVX.
No, It is not a stablecoin.
Convex Finance had an all-time low of $1.88.
Convex Finance had an all-time low of $1.88.
Convex Finance was created on 17 May 2021.
No, the Convex Finance (CVX) coin cannot be mined.
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