Shiba Inu has been one of the biggest meme-inspired digital currencies, challenging Dogecoin since its inception. However, the emergence of new meme coins like PEPE has posed a threat to the progress of Shiba Inu. Meanwhile, market analysis shows that Shiba Inu is under short-term selling pressure, but could that change in the long run? On the other hand, Tradecurve’s recent market performance and potential for further upside show that it is a better choice for investors.
Shiba Inu (SHIB) Gains More Ground In Europe
Shiba Inu has recently made significant strides in expanding its reach into Europe. The project has announced partnerships with Lyzi and Binance Pay, leading to Shiba Inu (SHIB) being accepted as payment in over 440 merchants in France. The increasing adoption and expansion have been unable to prevent the market-wide downtrend from affecting the price of Shiba Inu (SHIB).
Due to the sell-off that ensued after Coinbase and Binance were sued by the SEC, Shib Inu’s price has breached the $0.000008 support trendline, indicating the possibility of a continued downtrend for Shiba Inu. The token has formed a symmetrical triangle in the weekly chart. If the breakdown persists, Shiba Inu could retest the $0.00000716 price level.
However, SHIB is currently bottoming out, and if the token’s price manages to rise above the trendline in the next few days, the bearish outlook may be invalidated. According to data from CoinMarketCap, Shiba Inu’s price stands at $0.00000797, but investors are bullish about a major price jump in the next few weeks as the Shiba Inu team released the trailer for the much-awaited Rocket Pond trailer and its Shibarium prepares to launch.
Tradecurve (TCRV) Price Action Indicates This Coin Is A Better Bet
The recent bearish outlook of the cryptocurrency market has been overshadowed by that of Tradecurve’s utility token, TCRV. The price of Tradecurve increased by 50% on the back of a huge demand among investors and crypto supporters. This surge in demand propelled TCRV’s price from $0.01 to $0.015.
Although the crypto exchange market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of approximately 28% by 2023, Tradecurve stands heads above the competition as a hybrid exchange with utility that beats most decentralized exchanges like Binance and Coinbase. Users can trade a wide range of assets, including stocks, commodities, cryptocurrencies, forex, and CFDs, all within a single account.
This feature makes Tradecurve different from the competition where only a few assets are offered to traders. Tradecurve also has lower transaction fees and does not require users to fill out KYC forms, further increasing its appeal to traders who want to trade anonymously. In the third presale stage, the TCRV token is available for purchase at just $0.015. There is also a 25% bonus for those who invest early in the token before the end of this token presale.
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