Can CRV Defend Its Ground, Or Should You Consider Shibie Coin Instead?

Today, August 4, Curve DAO price is declining in value following the bearish trend in the cryptocurrency market.

After adding some gains yesterday, August 3, the CRV token failed to sustain its momentum. This weakness in the upward trend has resulted in another red candle on the price chart today.

But apart from today’s gloomy market-wide outlook, the downward movement can also be attributed to the hack on Curve Finance reported on July 31.

Curve Finance Price Dips Following Recent Hack Incident

As of 5:45 am EST, the price of Curve Dao has fallen by 1.15% over the past day, currently trading at $0.574. The trading volume for CRV has also experienced a significant decrease, dipping by 40% during the same period to sit at over $122.2 million.

The Curve Finance hack might have reduced trading activities on the network. Notably, after the hack, the team communicated with the responsible party through Twitter to recover the funds. 

The team allowed the culprit to voluntarily return the stolen funds by August 6, at precisely 4:00 am EST. But for now, the update is unavailable. 

 Bulls Shape Up to Oversee the CRV Market

The daily price chart reveals that CRV’s price could plunge further, which is below the 50-day and -200-day Moving Averages. This sell potential is even supported by the MACD line moving below the signal line.

However, the token’s price stands around a support level of $0.572, preventing it from further decline. CRV’s price bounced off this position on June 14 and 15 and could repeat the same movement.

Besides, the bulls may be shaping up to oversee the market, considering that CRV’s price is now in the oversold zone. This is evident from the RSI value of 29.97. Also, the chances of a bullish trend are even higher as the red histogram bars fade, implying a decline in selling pressure.

Based on the analysis, Curve Dao will likely take a bullish turn, even though it remains subject to updates and news that could change its trajectory.

Shibie Coin Provides Haven For Investors Amid CRV’s Price Variabilities

A new and unexpected entrant has made a splash in the cryptocurrency world, introducing itself as Shibie Coin, also known as the Bombshell Bitch of the Crypto World.

This unique digital asset is not your run-of-the-mill cryptocurrency; it brings a fresh and colorful vibe to the market, and its origin story is equally captivating.

It aspires to conquer the crypto realm like no other, captivating the crypto community with its unparalleled charm and energy. As investors and enthusiasts eagerly await its debut, Shibie Coin parades onto the scene, ready to leave its paw prints across the blockchain.

💋✨ All eyes on our Diva Temptress $Shibie! Her presale is not just a transaction, it’s a sizzling event! Don’t miss your chance to be part of this glitz and glamour-filled crypto adventure! Get your Shibie coins now https://t.co/0vq6u6CXw2#Presale #CryptoDiva #altcoin pic.twitter.com/Nelsns6lZ6

— Shibie Coin | Presale Live (@ShibieCoin) August 2, 2023

Moreover, the tokenomics of the coin are also intriguing, allocating 10% for CEX (Centralized Exchange) Listings and 60% of its tokens for the Presale event. Meanwhile, 5% goes to the Team behind its development, 20% for Liquidity purposes, and reserving 5% for Marketing initiatives.

Potential investors should brace themselves for a thrilling and possibly unpredictable journey while considering venturing into this exciting new coin.

As the crypto community eagerly awaits Shibie Coin’s journey, its vibrant and unique approach will leave a lasting impression on the ever-evolving world of digital currencies.

Shibie Coin’s presale surpasses $95,000

During its exciting initial Presale phase, SHIBIE set an ambitious target of raising $999,999 within just six days.

The project has already achieved significant progress, collecting over $95,000 now. This early success indicates a positive response from the crypto community and showcases the enthusiasm surrounding the launch of SHIBIE.

As of now, the current price of the SHIBIE token is $0.000167. This accessible price point allows investors to get involved in the project at a relatively low entry cost. Purchasing the token is easy and convenient for those interested in participating in the SHIBIE ecosystem.

Investors can acquire SHIBIE coins using popular cryptocurrencies such as BNB (Binance Coin), ETH (Ethereum), and other compatible crypto wallets. This flexibility in payment options ensures that interested parties can engage in the project using the cryptocurrencies they already hold.

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