The Crypto Volatility Newsletter #2

There’s no holding back DeFi…

$50k Bitcoin this week?

The price of Bitcoin continues to hold support over $42,000, consolidating around $45,000 as of August 17. According to market data from CoinDesk, Bitcoin prices have been trading mainly between $41,000 and $47,000 since August 1. While the digital currency’s gains so far this year demonstrate a bull market, BTC could encounter resistance as the digital asset approaches $50,000. Bitcoin could face resistance near this price level as the momentum caused by a recent short-squeeze rally subsides. Ether continues to hold strong over $3,000, as more ETH is burned as a result of EIP 1559.

Crypto Volatility Index V2 is live

As many of you may already know, the CVI V2 platform was recently launched. We’ve received a tremendous amount of great feedback, along with a number of questions. In turn, we hosted a live AMA in the CVI Telegram group with some of the core members of the CVI platform development team. A recap of this AMA can be found on our Medium post published on August 13.

$GOVI expands within the DeFi ecosystem

The matter of when COTI would be releasing $GOVI tokens on DEXs and exchanges was also brought up during our live CVI V2 AMA on Telegram last week. Although we are still finalizing all the required documentation for “the arbitrageurs” — those who will be able to mint/burn $GOVI tokens for arbitrage plays — we are excited to share that $GOVI is now listed and available to swap on DEX aggregator protocol 1inch.

Stay up to date with CVI developments

Keep up with all the recent developments by following CVI on Medium

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CVI is a decentralized volatility index for the crypto space — powered by COTI network

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CVI

CVI is a decentralized volatility index for the crypto space — powered by COTI network