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Curve DAO Price Prediction as CRV Rockets Up 40% in 24 Hours – Here’s Where It’s Headed Next


The price of Curve DAO (CRV) has risen by 46% in the past 24 hours, as a whale’s plot to sell the altcoin short backfired and resulted in a squeeze. CRV is currently up by 5% in a week and down by 31% in a month, with the short seller having undermined its price for over a week before its recovery in the past day.

The seller in question appears to be Avraham Eisenberg, the same individual responsible for October’s Mango Markets short-selling attack. However, there’s now speculation as to whether Eisenberg’s main aim was to short CRV or attack Aave, which seemingly lacks the liquidity to cover the CRV short positions he’d opened.

Curve Price Prediction as CRV Rockets Up 40% in 24 Hours – Here’s Where It’s Headed Next

Looking at CRV’s chart, its relative strength index (purple) has shot up in the last few hours, indicating strongly rising momentum. However, its 30-day moving average (red) remains below its 200-day average (blue), and currently shows no signs of rising.

However, with both indicators remaining low, this could signal an incoming rally, which is further supported by the sudden jump in the past day.

CRV’s rally of the past day is largely compensation for falls over the past week or so. Back on November 10, the CRV price was roughly $0.713, yet it fell as low as $0.407171 yesterday, following the opening of a hefty short position by Avraham Eisenberg (aka ponzishorter.eth).

The simplest interpretation of CRV’s price action is that its community has begun buying the altcoin in an attempt to create a short squeeze, which would force Eisenberg to buy more CRV as collateral in order to preserve his short position. This interpretation assumes that Eisenberg is trying only to short CRV and do nothing else.

This could indeed be true, but some analysts have suggested that Eisenberg’s real target is Aave, from which he borrowed CRV and opened his position. Specifically, Eisenberg is aware that Aave lacks sufficient liquidity to buy back his short position in CRV, thereby liquidating it.

According to analysis firm Arkham, Aave has only 20% of the liquidity needed to liquidate Eisenberg’s short. Its opinion is that Aave’s inability to buy back the position will damage the DeFi platform in that it will have to sell other tokens (likely AAVE) to make up the shortfall.

However, AAVE is currently up by 8% in the past 24 hours, undermining this theory. Also, reports suggest that Eisenberg was still shorting CRV as of yesterday.

Either way, it does appear that some kind of short squeeze is currently underway with regard to CRV, so it’s likely to continue rising in the short term.

Less Complicated Altcoins

While the potential for further gains from CRV may be high right now, some traders may prefer not to wade into the murky waters created by this apparent short-attack (whether it’s actually on CRV or AAVE). As such, other altcoins may be more desirable, with presale tokens ranking among the most profitable investments this year.

Indeed, some presale coins have risen by over 1,000% upon their initial listings this year, and while the market remains largely subdued at the moment, the opportunity to invest early in a promising project does appear to be motivating many traders.

In light of this, we’ve rounded up three coins holding their presales right now, with each boasting some strong fundamentals.

Dash 2 Trade (D2T)

Based on the Ethereum blockchain, Dash 2 Trade is a trading intelligence platform where investors can access real-time analytics and social trading data, in order to help them arrive at more informed trading decisions. 

Launching in the first quarter of 2023, the sale for its native D2T token has already raised more than $6.8 million. It has also announced listings on BitMart and LBANK Exchange for early next year, confirming that investors will indeed have the opportunity to lock in some real returns.

D2T tokens are currently selling for 0.0513 USDT, but this will rise to 0.0533 USDT in the next stage of the sale.

Visit Dash 2 Trade Now

RobotEra (TARO)

Also based on Ethereum, RobotEra (TARO) is a Sandbox-style Metaverse in which gamers can play as robots and participate in the creation of its virtual world. Its alpha will launch in Q1 2023, with its ecosystem enabling users to create their own NFT-based land, buildings, and other in-game items.

1 TARO is currently selling for 0.020 USDT (it can be bought using either USDT or ETH), although this price will rise to $0.025 in the second stage of its presale, which is due to begin soon.

Visit RobotEra Now

IMPT (IMPT)

IMPT is a carbon credit marketplace where users can earn and trade NFT-based carbon offsets, which can also be obtained by shopping with a wide range of retail partners (all of which support environmental initiatives). Its tokenization of carbon credits as NFTs means that such credits can be tracked more transparently, helping to solve many of the problems that have undermined carbon markets up until now. 

IMPT’s presale has now raised $13.1 million barely a few weeks after launch, making it one of the most popular sales in crypto right now.

Visit IMPT Now



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