- Santiment advises traders to monitor Curve, RWA, and LTC halving price performance.
- SEC saga expected to significantly influence cryptocurrency market trajectory.
- Curve DAO Token (CRV) sees surge in trading value and volume.
Santiment, a leading on-chain analytics firm, has advised traders to monitor the current trends within the cryptocurrency sphere closely. In a recent Twitter post, they highlighted the significance of hot topics such as Curve, Real World Asset Tokenization (RWA), and the post Litecoin (LTC) halving price performance. These factors are expected to significantly influence market movements as we approach the weekend and the start of a new week.
The ongoing SEC saga is expected to influence the cryptocurrency market’s current trajectory significantly. Furthermore, the Twitter above post highlighted the recent surge in popularity of terms such as “nodes,” “Coinbase,” and “HEX.”
Recent developments in the Curve ecosystem have garnered attention, particularly the restitution made by the individual behind the exploit that resulted in the depletion of $61 million worth of assets on Curve Finance. Notably, this individual has returned a portion of the stolen cryptocurrency. CoinMarketCap, a prominent platform in the crypto industry, reported a noteworthy surge of over 6% in the trading value of the Curve DAO Token (CRV) within the last 24 hours.
When writing, the cryptocurrency traded at $0.6127, hovering near its daily peak of $0.6288. Additionally, CRV experienced a significant surge in its 24-hour trading volume, witnessing a growth of over 28% compared to the previous day. Consequently, the trading volume for CRV reached an impressive $162,409,699.
Although CRV has experienced recent success, it still faces the challenge of reversing its weekly performance to achieve positive gains. It has declined by over 16% in the past seven days. Additionally, CRV’s price has plummeted by a staggering 98% from its record high of $60.50 in August 2020.
Regarding LTC’s performance following its halving event, data sourced from CoinMarketCap reveals a slight decline of 0.73% in the altcoin’s price within the last 24 hours, resulting in a trading value of $82.28. Furthermore, LTC experienced a weekly performance decrease of over 9%. Additionally, LTC exhibited a 0.71% decline against BTC.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
