Recently, CRV has been having a hard time. This once-stable old token in the DeFi circle has seen its price fall continuously over the past few days, and the technical indicators are bleak—MACD has turned negative, EMA is declining, and even RSI has dropped into the oversold zone. In short: the market data looks a bit grim.

However, the community is not panicking because the founder Michael Egorov has stepped in again. His new project "Yield Basis" has just passed the DAO vote and secured a credit line of 60 million USD. It sounds like a lot of money, but everyone is also wondering: can this new project really succeed? Could it be another "vampire" old project, subsidizing a new story?

Is the new project a remedy or a burden?

To be honest, when the founder launches a new project, the feelings of old coin holders are complicated. On one hand, there is a new narrative and new funds entering the market, which might bring new traffic and empowerment to CRV; but on the other hand, if the new project doesn't succeed, it might divert the consensus and liquidity of CRV, which would really be a case of 'not pleasing either side'.

Many people in the community are currently analyzing Yield Basis's economic model and token design, worrying whether it will be like some previous projects that appeared innovative but were actually traps in disguise. After all, the community foundation of CRV is still there, and veteran players are willing to give it time, but if it disappoints again this time, many might really turn away.

The Crossroads of Old Coins

CRV has come to today, no longer just a Token; behind it is a piece of history from the early days of Decentralized Finance, as well as the expectations of a loyal community. The founder's "new start" this time, whether for self-rescue or rebirth, is destined to be challenging.

Can new projects help old coins soar? It's uncertain. But one thing is for sure, if this fails again, CRV may really fade away slowly from the stage. Old coins don't die, but they will gradually wither - let's hope CRV is not the next one.