Rally

Shift

Core

2024

Coin

<ul class="wp-block-list news-points"> 
 <li>CRV price surges 36.84% in a week.</li> 
 <li>The anticipated reduction in CRV inflation boosts investor sentiment.</li> 
 <li>Shift to community-based CRV distribution could strengthen the token’s value.</li> 
</ul> 
Curve DAO’s native token (CRV) has been making waves after an impressive 36.8% gain in the past seven days. This <a href="https://coinmarketcap.com/currencies/curve-dao-token/" target="_blank" rel="nofollow">surge</a> has drawn the attention of investors and analysts alike, prompting questions about the underlying factors driving this remarkable price movement. 
One plausible reason for the CRV rally is the imminent reduction in CRV inflation. As shown in the image above, the year 2024 marks the final year of the Core Team’s CRV allocation vesting. After August 12th, 2024, all newly minted <a href="https://coinedition.com/curve-dao-token-plunges-after-institutional-sell-off/">CRV tokens</a> will be distributed to the community through gauges. This shift in distribution mechanism is expected to sharply reduce CRV inflation from a staggering 20.37% to a more manageable 6.34% for the entire year. 
A substantially lower inflation rate often has a positive impact on the price of a cryptocurrency, as it indicates a decrease in the token supply, which can lead to increased demand and a price surge. In CRV’s context, the expectations of lower inflation may have ignited …
The post <a href="https://coinedition.com/crv-soars-36-inflation-reduction-and-community-drive-rally/">CRV Soars 36%: Inflation Reduction and Community Drive Rally</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

CRV Soars 36%: Inflation Reduction and Community Drive Rally

Coin Edition

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