Convex Finance (CVX) Price Prediction: Will CVX Price Go Up?
As the crypto market reaches the $3 Trillion cap, the altcoins are rising to higher levels, lost during the bear run of 2022. Amidst this bull run, a DeFi token, Convex Finance’s CVX, aims to regain the uptrend and scale back to new heights.
The world of Defi has been spectating innovative projects every second day. This project has been serving varied sectors. With new and improved sentiments, the market is ready to hit new highs every other day.
Are you one of the many who are keen on the developments of the project, and price predictions of CRV? If yes, then buckle up, as this write-up will take you through the plausible targets for 2022 and the years to come!
Overview
| Cryptocurrency | Convex Finance |
| Token | CVX |
| Price | $ 2.58670639 |
| Market cap | $ 247,724,857.5943 |
| Circulating Supply | 95,768,448.6214 |
| Trading Volume | $ 5,762,736.4959 |
| All-time high | – |
| All-time low | – |
| 24 High | $ 2.6550 |
| 24 Low | $ 2.4750 |
*The statistics are from press time.
Convex Finance (CVX) Price Prediction
| Year | Potential Low | Average Price | Potential High |
| 2024 | $12.478 | $19.283 | $26.982 |
| 2025 | $22.685 | $34.324 | $45.515 |
CVX Price Forecast For 2024
Convex’s development and progress are aided by its vibrant community. Convex has substantial existing community efforts, be it in the form of tooling, training, or awareness. Furthermore, the community is expected to grow by 2024 as the coin provides greater staking power for lower fees.
All the bolstering of community standards can lead to the maximum possible price of $16.982. However, a fall in community strength and volumes could curb the price to lows of $2.478. That said, an equilibrium in buying and selling pressures could land CVX at $9.283.
Convex Finance (CVX) Price Prediction For 2025
Developmental initiatives deployed by the team behind Convex Finance could bring in notable investments and adoptions. In such a case, the price of CVX could shoot up to a maximum of $45.515. In contrast, emerging rivals and stiffer competition could slump the price to $22.685. Successively, the regular price could be at $34.324 by the end of the year.
| Year | Potential Low | Average Price | Potential High |
|---|---|---|---|
| 2026 | $24.95 | $37.76 | $50.07 |
| 2027 | $27.45 | $41.53 | $55.07 |
| 2028 | $30.19 | $45.69 | $60.58 |
| 2029 | $33.21 | $50.25 | $66.64 |
| 2030 | $36.53 | $55.28 | $73.30 |
- Convex Finance (CVX) Price Prediction 2026: CVX’s potential price ranges from $24.95 to $50.07, with an average price expected around $37.76.
- Convex Finance (CVX) Price Prediction 2027: Anticipated prices for CVX are expected to vary between $27.45 and $55.07, with an average price of approximately $41.53.
- Convex Finance (CVX) Price Prediction 2028: Forecasts indicate a potential low of $30.19 and a high of $60.58, with an average price projected at $45.69.
- Convex Finance (CVX) Price Prediction 2029: CVX’s prices are estimated to range from $33.21 to $66.64, with an average price around $50.25.
- Convex Finance (CVX) Price Prediction 2030: The potential low for CVX is forecasted at $36.53, the potential high at $73.30, with an average price expected to be $55.28.
CoinPedia’s CVX Price Prediction
The token has been showcasing risky articulating sections in recent times. As per the in-depth technical analysis of Convex Finance by CoinPedia. Further, CVX is expected to trade at a peak of $16.982 in 2024. Conversely, the token’s price could chug down to $2.478 by the end of the year.
Market Analysis
| Firm Name | 2024 | 2025 |
| Wallet Investor | $1.646 | $0.694 |
| Digital Coin Price | $10.96 | $13.49 |
| Trading Beasts | $4.9055 | $6.01281 |
Click here to read our price prediction of Stacks (STX)!
What Is Convex Finance (CVX)?
Convex Finance is a yield optimizer for the Curve Finance framework, that seeks to help CRV bump up the ecosystem. Further, the protocol enables everyone to leverage the asset’s staking method, offering special incentives. Convex Finance uses the ethereum
ethereum
Blockchain NetworkTechnology
blockchain to communicate with the DApps.
CVX is the project’s native token. Token holders can remit their tokens on the forum and retrieve them anywhere at any time, while taking a percentage of the system fees. Further, Convex was also encouraged when it was first listed on the OKEx exchange platform and collaborated with the decentralized Finance (DeFi) portfolio management application Zerion.
The IoT Forum is an organization that aims to encourage and promote cooperation and international dialogue on the IOTs, organize events and conferences, to develop activities among its members. Establish the prerequisites for a genuinely global Internet of Things ecosystem and market, it promotes the development of an interoperable Internet of Things on a global scale while solving technological, commercial, and societal obstacles. It achieves this through encouraging global discussion and collaboration on the Internet of Things among various actors from business, research, and government, as well as across sectors. The company is an expert in the Internet of Things, Smart City, Technology, Research, Smart Solutions, and Digital Transformation. The IoT Forum was established by Sebastien Ziegler in the year 2013. The company is placed in Switzerland.
Fundamental Analysis
The distinctive economic framework of Convex Finance plays a vital role in the Curve Battle. Its primary intention is to amass as enough TVL as possible to accomplish the protocol’s objective of influencing curve finance
curve finance
Decentralised Exchange
.
In other words, Convex Finance addresses CRV holders and Curve liquidity providers. It does so in two ways: Curve LPs obtain bolstered perks for staking their LP tokens via Convex, while CRV owners earn cvxCRV for betting the CRV. Overall it is considered a good investment in the long term.
Convex Finance debuted on May 17, 2021. The project was developed by an unknown team of developers. Moreover, Convex Finance is regarded as one of the vital and influential platforms amongst DeFis for its relatively lower risk.
Historical Market Sentiments
2021
- CVX had portrayed an impeccable rally, rising 203.61% from its initial price of $6.192 to claiming $18.8 on June 4th.
- However, as good times cannot last forever, the price was seen at $13.22 by the 6th of September.
- Convex Finance’s TVL rose to over $12 billion by October 23rd, which took CVX’s price to $20.78 on October 24th.
- The altcoin had terminated the year with a pricier tag of $48.94.
To read our price forecast for Terra 2.0 (LUNA) click here!
FAQs
The coin has strong fundamentals, it can prove to be a good hold in the long term.
The circulating supply of CVX counts at 63,657,843.28 CVX.
CVX is available for trade across prominent cryptocurrency exchange platforms such as Binance, OKX, and Bitget amongst others.
The price of the altcoin might soar to a maximum of $16.982 by the end of 2024.
CVX’s price could propel to hit its potential high of $45.515 by the end of 2025.
CVX
BINANCE
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