The cryptocurrency market is notoriously volatile, offering both risks and opportunities for investors. In this article, we will explore the overnight price surge of Compound and Tradecurve, two prominent players in the decentralized finance space. The significant increase in their value has caught the attention of investors seeking potential gains in the ever-evolving crypto landscape.
Compound (COMP) continues rising
Compound is a leading decentralized lending and borrowing protocol that operates on the Ethereum blockchain. The platform enables users to lend or borrow various cryptocurrencies and earn interest or pay fees on their transactions. Overnight, the price of Compound’s native token experienced a remarkable surge, driving excitement within the crypto community.
Compound’s value skyrocketed by 50% overnight, while the weekly charts show an 84% increase in the past 14 days. The surge in Compound’s price is likely due to various factors. Recently, the number of wallet addresses connected to Compound increased, according to Glassnode. This could be a positive sign for the future growth of Compound and its worldwide adoption.
However, it appears it is slowly losing momentum as Compound now trades at $56.27 with a market cap of $436M. This signals a drop of 4.65% in the last 24 hours. Because of this, buyers are worried about short-term gains.
Tradecurve (TCRV) Surges to New Heights
Another notable cryptocurrency project that soared overnight is Tradecurve, a rising presale star that has already provided early buyers with an 80% return on investment. Interest in this project has grown tremendously as over 12,500 users have registered for it, helping it raise $2.8M at this point.
Tradecurve lowers the entry barriers to online trading by creating a borderless trading platform that combines the best features of centralized and decentralized exchanges.
In comparison to Binance and Coinbase, Tradecurve stands out by allowing all derivatives to be traded on one account, which can be created using an email only – no sign-up KYC checks. This means traders can access multiple financial markets anonymously in one place.
In addition, Tradecurve implements many features, such as a high leverage starting at 500:1 and a copy trading feature, benefiting both experienced and beginner traders. All of these factors are why some market analysts claim that Tradecurve could even overtake the likes of OKX following its launch after its public presale ends.
TCRV Utility Token Surpasses Compound
TCRV, the platform’s utility token, is currently worth only $0.018 as the presale is in Stage 4. Stage 5 is expected to begin by the end of July, pushing the value to $0.025 – a 40% surge. Holding this token will provide users with trading fee discounts, governance, staking rewards, and more.
Investors are now flocking to this presale as only 40% of the 1.8B token supply is available. We believe that Tradecurve could become a top 3 global exchange, so sign up for its presale below and purchase a token expected to experience 50x growth by the time its presale ends.
