Market Stats and Forecasts
Convex Finance Description
CVX is a popular cryptocurrency associated with the Convex Finance platform. This is a decentralized finance protocol specially built on the Ethereum blockchain. It serves as the governance token for the platform which offers voting rights for the development of Convex ecosystem to the holders. When it comes to key features of CVX tokens, token holders can earn rewards in the form of cryptocurrency when they stake CVX tokens. CVX holders can boost their rewards by locking up their tokens for specific time. The unique locking mechanism increases the weight of their votes and theoretically increases their earnings.
Convex Finance is a reputed DeFi protocol that aims to increase the yield generated from Curve Finance, which is a stablecoin exchange protocol. Convex Finance attracts liquidity to Curve Finance and assists in sustaining its stability. When it comes to value proposition, CVX holders have a direct effect on the development and direction of Convex Finance. Staking CVX tokens offer a passive income stream and allows holders to earn additional cryptocurrency without any trading. These tokens can significantly increase staking rewards and make a possibly rewarding strategy for long-term holders. When it comes to buying or selling CVX tokens, it is tradable on many reputed exchanges such as Binance, OKX, Bitget, MandalaExchange and Hotcoin Global.
Overall, this is a potential token that can be a game changer in crypto market. For investors, this is the best opportunity to grab some of these coins to enjoy their future benefits and use cases. Undoubtedly, CVX is growing rapidly but to achieve more success, it needs continued development and a strong community. Before investing, we suggest you consult a crypto expert who can give you best suggestion according to your risk taking capacity.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Convex Finance, Our analysis, guided by the machine learning experts, yields forecasts for Convex Finance price trajectory up to 2024. With a comprehensive understanding of Convex Finance historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 1 and an error value of 0.78%.
For the year 2024, our analysis indicates a projected yearly low of $2.82, with the high anticipated to reach $4.04. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-09-15 | 2.84 | 2.9 | 2.99 | 5.60 |
| 2024-09-16 | 2.9 | 2.99 | 3.11 | 7.92 |
| 2024-09-17 | 2.96 | 3.02 | 3.12 | 9.11 |
| 2024-09-18 | 2.96 | 2.99 | 3.05 | 7.91 |
| 2024-09-19 | 2.96 | 3.02 | 3.12 | 10.28 |
| 2024-09-20 | 3.03 | 3.13 | 3.22 | 11.49 |
| 2024-09-21 | 2.99 | 3.05 | 3.15 | 10.27 |
| 2024-09-22 | 2.99 | 3.09 | 3.18 | 10.27 |
| 2024-09-23 | 3 | 3.13 | 3.25 | 11.48 |
| 2024-09-24 | 2.99 | 3.09 | 3.21 | 10.25 |
| 2024-09-25 | 3.03 | 3.09 | 3.18 | 10.25 |
| 2024-09-26 | 2.99 | 3.09 | 3.18 | 9.04 |
| 2024-09-27 | 2.96 | 2.99 | 3.05 | 7.84 |
| 2024-09-28 | 2.9 | 2.99 | 3.11 | 6.66 |
| 2024-09-29 | 2.89 | 2.95 | 3.04 | 5.48 |
| 2024-09-30 | 2.83 | 2.89 | 2.95 | 4.32 |
| 2024-10-01 | 2.83 | 2.89 | 2.95 | 4.32 |
| 2024-10-02 | 2.83 | 2.92 | 3.01 | 4.32 |
| 2024-10-03 | 2.77 | 2.86 | 2.95 | 3.18 |
| 2024-10-04 | 2.8 | 2.86 | 2.91 | 2.04 |
| 2024-10-05 | 2.77 | 2.86 | 2.94 | 2.04 |
| 2024-10-06 | 2.77 | 2.86 | 2.95 | 3.16 |
| 2024-10-07 | 2.83 | 2.92 | 3.04 | 4.30 |
| 2024-10-08 | 2.83 | 2.95 | 3.07 | 5.44 |
| 2024-10-09 | 2.86 | 2.95 | 3.04 | 5.44 |
| 2024-10-10 | 2.9 | 2.96 | 3.01 | 6.60 |
| 2024-10-11 | 2.96 | 3.05 | 3.14 | 7.78 |
| 2024-10-12 | 2.99 | 3.05 | 3.11 | 8.96 |
Convex Finance Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Convex Finance is forecasted to achieve its peak value in 2025 at approximately $6.92, while potentially dipping to a low of $3.22. The average trading value during this period is projected to hover around $6.35.Convex Finance Price Prediction 2026
In 2026, Convex Finance is anticipated to potentially reach its peak value of $10.74, with a possible lower value of $5.6. The average trading value for this period is estimated to be approximately $9.67.Convex Finance Price Prediction 2027
As we look ahead to 2027, the trajectory of the Convex Finance coin may offer investors unexpected turns. Projections suggest peaks hitting $16.36 and lows stabilizing around $8.27, with an average trading value resting near $14.62.Convex Finance Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Convex Finance coin. Projections point towards a maximum value of $26.23, a minimum of $13.83, and an average value of approximately $23.62.Convex Finance Price Prediction 2029
Our market analysis indicates optimistic prospects for the Convex Finance crypto in 2029, with projected peaks at $37.05 and floors at $18.91. Moreover, the average trading value of this coin is anticipated to hover around $33.16.Convex Finance Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Convex Finance token. Projections indicate highs near $57.5, potential lows around $29.57, with an average value of about $50.36.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $2.11 by the Sep 15, 2024. The Relative Strength Index (RSI) stands at 0.8096, indicating a Fall market stance. Overall, while the long-term forecast is Sell.
About cvx
Convex Finance Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The Convex Finance is predicted to surge by 11.43% to $3.02 by Sep 17, 2024, though current indicators show a Bearish sentiment with 11 out of 30(37%) green days and a notable -14.91% price volatility over the past month.
