In this guide, we will voice our own and market’s opinion on CVX future while discussing the Convex Finance price forecast for 2023 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.
CVX Price Prediction For The Next 90 Days
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will CVX develop in the short-term (for the next 90 days), according to our prediction model:
Convex Finance Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
CVX Price Prediction 2025
Our prediction model sees CVX reaching $ 12.42 in 2025.
What will CVX be worth in 5 years?
The price of CVX in 5 years could lie around $ 10.96, 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 $31.05 in 2030.
What Convex Finance will be worth in 2040?
Our forecasting model sees Convex Finance reaching $62.11 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 $3.62. In the long-term (8-10 years), it could jump to $31.05 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 $31.05 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 $62.11 in a distant future.
What is the short-term prediction for Convex Finance?
Convex Finance will reach $3.62 in the next 90 days, which is a 40.6% change over the current price which hovers around $6.09.
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 $6.51 tomorrow.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com