The cryptocurrency market has dipped as investors and traders begin offloading cryptocurrencies due to the SEC’s lawsuits against Binance and Coinbase. These CEXs took a hit in user count, and altcoins like Binance Coin and Cardano are down in value as a result.
However, decentralized projects are thriving, as evident by the increase in the value of Tradecurve by 25% in the last week. We will explore each project to see how far they can climb.
Binance Coin Dips in Value and Worries Investors
Binance.US prepares to suspend US deposits and withdrawals from the exchange days after US regulators sued the company and its founder. This sent the value of the Binance Coin spiraling downwards, and it entered the red zone.
As of June 9, 2023, Binance Coin trades at $262.91. In the past 30 days, Binance Coin has been down 16.8%, while in the last week alone, it’s been down 14%.
In regards to its weekly performance, Binance Coin saw its low point at $257.29, with its high point at $308.11.
The all-time high for Binance Coin was on May 10, 2021, at $686.31, and now the altcoin trades 61.69% under this value. Analysts and investors are worried about its future and are diversifying as a result.
Cardano In a Bearish Run And Prompts Diversification
The Cardano cryptocurrency has followed the broader market trend and is also at a decline in regard to its value. As of June 9, 2023, Cardano trades at $0.315849. In the past 30 days, Cardano has been down 14.6%, and in the last week alone, Cardano fell by 15.6%.
Going over the 7-day performance, Cardano had the low point of value at $0.313968, with the high point at $0.381958. The all-time high for Cardano was on September 2, 2021, at $3.09, and the altcoin now trades 89.75% lower than this value.
The market crash has affected Cardano. However, investors have found an alternative project that actually grew in value during these times, and that is Tradecurve.
Tradecurve Sees 25% Jump In Value in The Last Week
While Binance Coin and Cardano are experiencing a bearish trend, Tradecurve’s utility token, known as TCRV, has led the altcoin market by a rally of 25%.
Analysts have predicted that a 100x price hike is expected as the presale gains a significant level of attention from investors and traders, which would put the TCRV token at a value of $1.5.
One key feature which makes experts bullish about the Tradecurve cryptocurrency is that the platform allows traders to access multiple assets, including cryptocurrencies, forex, commodities, stocks, CFDs, and more, from a single account, anywhere in the world, without KYC restrictions. Tradecurve has a unique offering and vast potential for growth, making it a blue-chip project in the minds of many analysts.
This upward trajectory of the Tradecurve altcoin is present in its potential to become a dominant force in the trading market. During Stage 3 of the presale, 1 TCRV token is worth $0.015, and during the next stage, it will spike by 20% to $0.018.
Those who want to get the most out of the TCRV token need to get into it early before it explodes in value.
Learn more about Tradecurve and the TCRV token below:
Click Here To Buy TCRV Presale Tokens
Join Our Community on Telegram
