Value analysis of curve (CRV)
Many readers often ask us various questions about CRV, which can be summarized as follows:
- Is there any hope for CRV?
- Why doesn't CRV rise?
- What price can CRV rise to?
- Can CRV still be bought now?
Before answering these questions, I suggest that you should first ask yourself, what are the reasons for your concern or
purchase of CRV?Is it because I have studied the currency carefully and found it interesting to start to pay attention to or
buy it?Or is it because others talk so much that they can't help but pay attention to or buy?
If you pay attention to or buy something because you hear people talking about it, I suggest that you either stop paying
attention to it or sell it, or study it carefully.
When we invest in any project, the first question we need to ask is whether we have a clear understanding of the project?If
you can't understand it, no matter how good the project is, don't vote.Because in this case, even if it invested, it also rose,
and the wealth it brought to itself was only temporary. After all, it would run away for one reason or another.
The first time I heard that CRV was in last year's defi tide. Some people mentioned that this project was for stable currency
trading. I looked at it by the way and found it interesting. I left an impression in my heart, but I didn't continue to study in
depth.
Later, I heard that it was on the day of its listing that the price rose to an astonishing 11 US dollars. Zhao CHANGPENG exclaimed on twitter that the total market value of its circulation exceeded that of Ethereum.
At this time, I began to turn my attention to the currency, studying its white paper and website.After careful study, I think this project is obviously different from other decentralized exchanges. In essence, it is equivalent to a large exchange between various "similar" tokens, which is a unique field.So it's worth investing.
But at that time, its currency price was as high as $11, which was obviously too big a bubble.When the price of any investment product is seriously out of value, the bubble will burst.So even if I came to the conclusion that it was worth
investing in, I didn't start immediately, but continued to observe.
For quite a long time afterwards, I would occasionally pay attention to its currency price and watch it go down all the
way from US $11. However, I still failed to start with it for two reasons: first, I felt that the price was still on the high side;
second, I also invested in other projects at that time, and the profits of those projects were good. Therefore, even if I did not invest in CRV, I would not be sorry to lose this opportunity.
Later, the popularity of defi subsided, and the currency prices of all the defi projects were greatly reduced. CRV was no
exception. Its currency price fell to $2. In terms of total issuance, its total circulation market value dropped to $6.6
billion.The valuation is still not high, but the project itself is very distinctive, and the valuation of the project with
characteristics is always on the high side. In addition, compared with the price of more than $11 in the early stage, the price of $2 has dropped by more than 80%. Therefore, the overall risk of this price seems to be within my control.
Therefore, I started to place a fixed amount of investment and set the price as soon as the price exceeds $2,It's going to stop.
Since the development of CRV, its large swap business has been dominating the industry, and the team has been updating projects and introducing new functions.Although there were imitation disks, such as swerve, they gradually faded in the market competition, and CRV's position was more and more stable, and the business volume was also growing. Based on this fundamental and past development judgment, I'm more optimistic about its future. Therefore, I don't worry that the fixed bid price of $2 will be locked up. Therefore, I don't look at the price of $2 every day. I just pay attention to whether its price exceeds $2. If it exceeds $2, it will stop and if not, it will continue.
To share with you the process of my investment in CRV, I hope you will realize the importance of cognition in investment.This cognition must come from one's own heart, and one must sincerely approve the project, rather than being influenced by others and approving the project. If you approve from your heart, even if you invest in a project, you will have no bottom in your heart. When the market fluctuates, you will panic, especially when you see that other defi tokens have gone up, but your own token has never risen, you will be worried, and you will have resentment: how can it not rise, when can it rise, can it still rise to XXX price?
If you have analyzed and approved the project, these complaints will not exist at all. You will believe that the market and time will give a fair answer. Then you should shift your energy from focusing on the market to other more important
things, such as reading, studying and working, and this matter will be left to the market and time to deal with it.