The crypto market is currently in a downtrend after starting the year on a bullish note. This comes after the US SEC went after top exchanges, Binance and Coinbase, accusing them of breaking Federal securities laws.
As predicted by many analysts and investors, the downtrend was short-lived and the market is already recovering. In addition, some analysts have spotted trends in two tokens, Dogecoin and Tadecurve, which they believe could spark the next big move in the cryptocurrency market.
Dogecoin Price Analysis
Elon Musk, also known as the Dogefather and a prominent tech billionaire, attempted to shill the meme coin’s price lately as he responded to a tweet by Jack Dorsey, the founder of Twitter.
Following the news of the SEC’s lawsuit against Coinbase on Tuesday, Pierre Rochard, the Vice President of Riot Platforms, shared a screenshot of a tweet from Brian Armstrong emphasizing the importance of focusing on Bitcoin and sidechains, that dates back to 2015. Dorsey noticed and reshared Rochard’s tweet, expressing his support with the “100” emoji.
However, Musk joined the conversation but did not talk about Bitcoin. He simply promoted Dogecoin and responded to the tweet saying “Doge ftw.” Unfortunately, Musk’s tweet did not have a significant impact on the token’s price immediately. Meanwhile, Dogecoin is bullish today, trading at $0.069531, an increase of 4.44% in the last 24 hours.
The short-term bullish price movement of Dogecoin happened as it hit the critical $0.0600 support level. While the token’s price has surged today, more bulls would have to enter the market to push the price toward the $0.070 level, before making a run for the $0.07200 resistance level.
Is Tradecurve (TCRV) Gearing Up For A Price Pump?
Although Dogecoin has been able to soar 4% by press time despite the negative sentiment in the market, the price of Tradecurve has increased by as much as 50% in the last month and could record even more upside. Tradecurve is looking to capitalize on the recent crackdown on trading platforms in the crypto space to establish itself as a leading player in the DeFi market.
What sets Tradecurve apart from centralized exchanges like Binance and Kraken is its hybrid platform, which enables investors from anywhere in the world to trade derivatives without completing KYC registration. This means that traders won’t be restricted from opening accounts on the platform regardless of their location. In addition, the hybrid exchange platform of Tradecurve will allow users to control their private keys and assets.
After two very successful stages and thousands of new investors, Tradecurve is now in the third stage of its ongoing presale and you can buy the TCRV token at $0.015 apiece. Analysts and market experts have forecasted that the token’s price would surge by 50x and 100x after lauch. By aiming to raise $20 million through this presale campaign, Tradecurve positions itself for future growth and development.
Visit the links to get more information about Tradecurve and the TCRV token:
Click Here To Buy TCRV Presale Tokens
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