CRV Teases Recovery Signs as It Closes Week With Green Tick

• The native token of Curve Finance is recording minimal gains following its weeks-long decline.
• The gradual uptick has seen Curve DAO rebound from its record low value.
• The slightly upward momentum of the broader crypto market is fueling recovery optimism.

The recently concluded week was rough for Curve DAO (CRV) , the native token of the Curve ecosystem, which struggled to regain balance following a deep sink into an all-time low. Despite market fluctuations rippling through select assets with modest gains, CRV remained stagnant, unable to reverse its downward trajectory.

However, in a surprising end to the week, the token may have its sights set on recovery.

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Curve Climbs 4% on Road to Recovery

According to CR V’s trading data on Friday, May 3, the token has fluttered between 3.7% to 4% uptick in the last 24 hours, valued at $0.435. The uptick marks a reversal of fortune for Curve DAO, correcting its week-long lows.  

While only minimal, Curve’s present upward momentum marks an approximate 30% increase from its record low value of $0.33, which it dipped to on April 12 in the wake of a crypto market crash.  

However, the token still sits 36% below its year-opening value of $0.605, and a staggering 93% below its year-high value of over $0.8, dashing the once-heightened excitement for its potential to reclaim a $1 peg.

The upward pressure in Curve DAO’s price is likely tied to the modest recovery witnessed in Bitcoin (BTC), which also had a rather challenging week . Currently trading over $61,600 BTC has recorded a total 4.4% uptick over the past day.

This marks a rebound from the token giant’s week-low range of $56,000 to $57,000, sparking recovery hopes across the broader market. 

Read this to discover the liquidation scare CRV’s all-time low crash triggered for its founder:
Curve Founder Eases Contagion Fears, Slashing Debt to $42.7M  

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