- Curve Finance advised its community not to download an app masquerading as its official product.
- If CRV breaks above the $0.55 resistance, the price might head toward $0.60.
- Buying pressure in the long run could push CRV as high as $1.15 in the long term.
Decentralized exchange and Automated Market Maker Curve Finance (CRV) have distanced themselves from a certain “Curve App,” which was listed on the Apple Store. According to the post, a Curve Finance app appeared in the store with the project’s logo.
Looking at the details, it was developed by “MK Tech,” while Curve called the product a scam. At press time, CRV’s price was $0.58, indicating a 10.87% increase in the last seven days.
Beware of scams. There is no DeFi "Curve App" on @Apple App Store, but a fake with our logo was spotted! Stay safe pic.twitter.com/7LJYyLLgco— Curve Finance (@CurveFinance) February 14, 2024
As of February 4, CRV was trading at $0.44. But hitting this price implied that bulls had support to depend on a further increase. By February 12, CRV had breached the $0.50 psychological resistance.
Another 10% Is On the Cards
In the 4-hour timeframe, CRV seemed read…
The post CRV Price Eyes Another Move as Curve Finance Raises Disclaimer appeared first on Coin Edition.