Curve: Why CRV is 1 key catalyst away from a rally

Curve has experienced a significant price surge, driven by heightened developer activity.
In the derivatives market, there has been a notable uptick in bets predicting that CRV will climb higher.

Over the past week, Curve [CRV] has maintained its upward trajectory.

Following a remarkable 123.49% gain in its previous week rally, the token recorded an additional 44.13% increase in the last 24 hours, positioning it among the top-performing assets in the market.

AMBCrypto examines the factors behind CRV’s recent price surge and evaluates whether this momentum is likely to persist.

Investors show renewed interest in CRV

CRV has seen a notable uptick in both developer activity and total value locked (TVL), showing renewed investor confidence.

The total value locked (TVL) serves as a key indicator of investor activity within a blockchain ecosystem. It reflects the volume of assets deposited and staked to support development and operations.

After months of decline since September, CRV’s TVL has rebounded significantly, reaching $2.03 billion. This recovery marks a return to pre-decline levels and suggests growing bullish sentiment in the market.

The rise in TVL aligns with a surge in developer activity, as reported by DeFiLlama.

Increased developer engagement indicates ongoing improvements and innovation within the CRV ecosystem, which may be driving positive price momentum.

Source: DeFiLlama

This wave of buying activity is evident not only among ecosystem investors but also in the derivatives market, where traders are increasingly bullish on CRV’s prospects.