CVX Price Soars 100% in 24 Hours
Convex Finance’s CVX token has experienced a remarkable surge, with its price spiking by 100% in a mere 24 hours, currently trading at $4.28. This surge is reminiscent of the short-term bull run witnessed in late March within the broader cryptocurrency market.
Market Cap and Trading Volume Surge for CVX
Notably, Convex Finance’s market cap has soared to $415 million, elevating it to the 155th-largest digital currency in the market. Additionally, its daily trading volume has skyrocketed by a staggering 2,800%, reaching an impressive $150 million.
TVL in Convex Finance Sees Increment
Data reveals that the total value locked (TVL) in the Convex Finance decentralized finance (defi) protocol has seen a 1% hike in the past day, presently standing at $1.31 billion.
Convex Finance’s Open Interest and RSI Dynamics
Santiment’s data illustrates a robust 151% increase in the total open interest of CVX within the last 24 hours, signaling a surge in trader activity. Additionally, the CVX relative strength index (RSI) has surged from 34 to 70, indicating overbought conditions and potential whale manipulation at play.
