What Is CRV Coin And Why Is It So Popular?

Curve is a platform for automated market making. It enables crypto exchange at low commissions and low slippage by providing liquidity to liquidity pools that contain tokens that have around the same value and behave similarly.

Curve finance is based on the Ethereum network, which powers the decentralized exchange for automated market making. The CRV crypto is at the platform’s core and is a utility token of Curve finance.

The Curve platform enables the easy and cheap exchange of tokens based on the ERC-20 protocol at low slippage rates and at the best rates. The platform uses stablecoins to avoid high-volatile assets.

Curve is a non-custodial platform which means that it does not store users’ assets and is not responsible for their safety.

To make exchange easy and cheap, liquidity pools are supported by liquidity tokens. It encourages liquidity providers to put their assets in pools and allows them to keep prices at the level that brings them benefits. For adding liquidity to the platform, providers receive rewards in the form of CRV token.

Being a relatively young exchange, Curve had demonstrated results, achieving success in 2020 when its CRV token price exceeded $11,5.

Why is CRV Token so Popular, and is It a Good Investment?

Experts believe the CRV coin price can reach $2.5 in the next few years. Based on this forecast, many crypto investors buy the CRV token as a long-term investment. The project has valuable technology and is very popular among traders due to low slippage and fees. In addition, CRV crypto can be staked. The longer you hold tokens in staking, the more weight your vote has so you can participate in voting on different platforms’ changes concerning fees, their allocation, etc.

CRV token is a good investment option. It is traded on all large crypto exchanges such as Binance, WhiteBIT, etc.