Convex Finance ($CVX) has popped out as ‘Coin of the Day’ with a significant spike of 9.3% during the last 24 hours. Because of the bullish performance of $CVX, many crypto investors are eyeing it and predicting strong market performance and community engagement.
Convex Finance, altcoin ranked 43 in the crypto market, dominating the crypto market in terms of market performance and social activity as compared to other completive cryptocurrencies. $CVX is trading at $2.26 with a 24-hour trading volume of $16,010,176, up by 56.23% luring the crypto investors and traders.
Statistical Analysis of $CVX: Convex Finance Outperforming Competitive Altcoins
$CVX is giving a tough time to its competitive altcoins by outperforming them in terms of significant daily and weekly spike in price value. According to statistical data, $CVX is up by 9.3% during the last 24 hours and surged by 5.7% past week.
With a market cap of $184.14 million, $CVX touched its all-time high value (ATH) of $60.9 three years ago and now again seems bullish to bounce back in the green zone. As per the social chatter and Convex Finance’s significant growth, $CVX is now regarded as a valuable crypto asset in terms of gaining maximum profits in the coming time.
Price Prediction of Convex Finance
As $CVX is outperforming many of its competitive altcoins, many crypto traders and investors are eyeing Convex Finance, to yield maximum profits by investing in $CVX. If we look at the community sentiment, around 86% of the community believes that $CVX is going to be bullish and it is the right time to invest in it. Based on the crypto history, the coming October (Uptober in crypto) will further push $CVX beyond the boundaries.
