In this guide, we will voice our own and market’s opinion on CVX future while discussing the Convex Finance price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Convex Finance.
Now, let’s head into it. Before we delve deep into the Convex Finance price prediction and answer questions if CVX is a good investment or not, why will CVX succeed or fail or why will Convex Finance price rise or drop, let’s quickly throw a glance at what CVX is and its to date history.
What you'll learn 👉
CVX Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs earlier this year, there has been a surge in interest from both retail and institutional investors. This could be a game-change for crypto. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative finish of the year. At least this is what crypto traders hope for. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Now, attention is turning towards post-halving rallies, with the BTC halving and ETH ETFs now well behind us. Ripple was also fined to pay $125 million to SEC based on the most recent ruling decision. This is considered as another victory for XRP. Bitcoin has almost tripled in price since last summer, with the upcoming US elections expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $60-63k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $2,400 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and historical post-halving rallies. Some of the hottest sectors so far this year were memes, RWA and AI projects.
Below is a tabular overview of how will CVX develop in the short-term (for the next 90 days), according to our prediction model:
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Convex Finance Price Prediction 2024
The cryptocurrency market has shown promising signs for gains in the first few months of 2024, with Bitcoin leading the charge. BTC has first seen an impressive gain, hit new ATH of around $73k in March, but then retraced to the current levels in the $60-63k range. Total market capitalization is currently at around $2.2 trillion (it was around $1 trillion in June last year). Despite having strong start of the year, the market then “survived” two crashes this summer, in July and August when BTC plunged to around $50k. It bounced off this area quickly though.
Bitcoin halving happened in April and historical data tells us the BTC price starts to rally 6-12 months after the halving, so we are still not there yet. Ethereum ETFs are now also a done deal, although we see constant outflows there on a daily basis.
However, the growing interest in various cryptocurrency sectors, such as meme coins, real-world asset (RWA) coins, and AI crypto coins, has also contributed to the bull run, showcasing the market’s evolving nature and its ability to adapt to new trends and technologies. Coins such as RNDR, NOT, TON, WIF, or most recently SUI and POPCAT produced nice gains.
All in all, the whole crypto community is preparing for the next leg up in this bull run.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown for the next 12 months:
CVX Price Prediction 2025
Our prediction model sees CVX reaching $4.75 in 2025.
What will CVX be worth in 5 years?
The price of CVX in 5 years could lie around $4.32, according to CaptainAltcoin’s prediction model.
Convex Finance Price Prediction 2030 – 2040
What Convex Finance will be worth in 2030?
Our forecasting model sees Convex Finance reaching $11.89 in 2030.
What Convex Finance will be worth in 2040?
Our forecasting model sees Convex Finance reaching $23.77 in 2040.
Will Convex Finance replace / surpass / overtake Bitcoin?
No, Convex Finance will not replace or overtake BTC.
Can Convex Finance reach $100?
Yes, Convex Finance could reach $100 by the end of 2025.
Can Convex Finance reach $1000?
Yes, it is possible that Convex Finance can reach $1000 but only in a distanced future, after 2030.
Is Convex Finance worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Convex Finance is worth buying.
Is Convex Finance a good investment?
Convex Finance is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Convex Finance be worth?
For the short-term future, it could reach $1.53. In the long-term (8-10 years), it could jump to $11.89 or even higher.
Why will Convex Finance succeed and go up in price?
Convex Finance has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Convex Finance rising up to $11.89 in 2030.
Why will Convex Finance fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Convex Finance go?
Our forecasting model sees Convex Finance price exploding and reaching $23.77 in a distant future.
What is the short-term prediction for Convex Finance?
Convex Finance will reach $1.53 in the next 90 days, which is a 37% change over the current price which hovers around $2.43.
Can Convex Finance make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Convex Finance millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Convex Finance could make you a millionaire.
Convex Finance Price Prediction Today - What will be the price of Convex Finance tomorrow?
Convex Finance will hover around $2.46 tomorrow.
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