Why can’t CRV coins rise (why is CRV so expensive)

08/05/2023 01:28 • Tech Ticker • 125 views

Why CRV Coins Can’t Rise Editor’s Note: This article is from Nakamoto Onion (ID: xcongapp), written by Tan Shu, authorized by Daily Planet Daily The reason why CRV coins cannot rise recently seen in the coin circle is that many friends know why CRV coins cannot rise, and now they are paying attention to other currencies. However, today we will talk about why this coin still cannot rise? Because many people believe that this is a gambling or speculative behavior. So we can understand the reasons from several aspects. The first reason is that there is currently a saying in the market called “air”, which is correct and ridiculous to say; The second reason is that there have been some so-called “junk coins” in the market since the beginning of this year. In fact, these are all scammers and arbitrage robots who transfer assets from their wallets to various exchanges for brainwashing trading and other activities, and eventually get swept away, causing prices to rise. However, in reality, it is not so simple. For example, there are similar situations such as Uniswap and Curve. But some users have also found that the prices of these so-called “junk” tokens fluctuate greatly. Therefore, a question arises – why do people feel that such currencies cannot rise? I believe many friends may have already understood this phenomenon. So what exactly makes it so popular? In fact, it mainly depends on the voice of the community and whether they are willing to participate and contribute to the matter. If you really want to benefit from it, it is best to exchange more knowledge in the community and share your experiences and lessons with more people, rather than investing in a certain project. Another issue is that some project developers do not have the ability to improve their efficiency and quality through technical means, but instead want to use existing technology to reconstruct a new blockchain system. Of course, this is also the most disappointing aspect. “Code is law” itself is a very big misconception, but its content does not match the actual situation, and even cannot solve practical problems at all. “Bitcoin is a value storage tool.” Although some people think this is a wrong approach, I think it has not really changed the entire Cryptocurrency ecosystem, especially those who do not have any application scenarios. On the other hand, due to people’s lack of confidence in Bitcoin, they prefer to use Bitcoin as a payment method. Secondly, the number of smart contracts running on Ethereum is insufficient, so that when a large number of users pour in, extreme negative emotions will often occur, resulting in serious economic losses. The third and most important factor is that with the progress and development of blockchain technology, more and more projects are choosing to use blockchain to create applications based on cryptocurrencies, which also brings huge business opportunities, but also comes with regulatory obstacles. The fourth point is that the anonymity of Bitcoin makes it difficult for many people to obtain it, but for most investors, this possibility is relatively low

Why is CRV so expensive

According to Cointelgraph, why is the price of CRV so expensive? Because it has two types of code to support this process The first one is the protocol layer (protocol), which is created for smart contracts. In Crv, transactions can be executed on the chain without the involvement of any third party, and this function can only be completed through validators on the blockchain. The second mechanism is Ethereum 2.0. When Ethereum 2.0 is upgraded, developers can convert ETH into crv tokens. If a smart contract can use its software to run these contracts, they can exchange their assets for other tokens and Stablecoin, which is a very useful application for DeFi.

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Why can’t CRV coins rise (why is CRV so expensive)

Why is CRV so expensive

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