A friend asked: “Curve Finance protocol revenue is 3.2 times its usual level. Does that mean $CRV is about to go up?”
Here’s what I said: Better data is a good thing, but one number alone can’t tell you whether the token price will rise. Revenue over the past 24 hours was $607,000, considerably higher than the usual $190,000, but a single day’s revenue could be due to a one-off event. I’d watch it for a few days before making a judgment.
#CRV
Just take a look—don’t blindly follow this. Make your own decision.
Here’s what I said: Better data is a good thing, but one number alone can’t tell you whether the token price will rise. Revenue over the past 24 hours was $607,000, considerably higher than the usual $190,000, but a single day’s revenue could be due to a one-off event. I’d watch it for a few days before making a judgment.
#CRV
Just take a look—don’t blindly follow this. Make your own decision.
