Convex Finance ($CVX) Pops Up as ‘Coin of the Day’ with 9.3% Spike

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.

COIN OF THE DAY$CVX #ConvexFinance pic.twitter.com/uIEU8XZnGE

— PHOENIX – Crypto News & Analytics (@pnxgrp) September 21, 2024

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.

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