Recently, ApeCoin and Tradecurve have garnered attention in the cryptocurrency market. While ApeCoin’s price performance has been lackluster, Tradecurve has shown remarkable growth, with a 20% price increase and more expected price hikes. Today, we will look into the reasons behind ApeCoin’s underperformance and explore the factors driving Tradecurve’s bullish trend.
ApeCoin (APE) price analysis
ApeCoin entered the market with high expectations, fueled by its unique features and innovative approach. However, despite this hype, ApeCoin’s price has struggled to gain momentum. Apecoin fell over 26% on the price charts in the past month alone.
Recently, Yat Siu, the chairman of Animoca Brands, and Alexis Ohanian, the co-founder of Reddit, have vacated their seats in the ApeCoin DAO to be replaced by CaptainTrippy, a Bored Ape owner and pseudonymous ApeCoin DAO community manager Waabam. This new Special Council team will commence working on July 1st, 2023, and last for one year.
At the moment, ApeCoin has a value of $2.30 with a market cap of $847M, a 4.04% rise in the past 24 hours. However, the technical indicators and moving averages show neutral signs, not tipping the scales for either buyers or sellers. The token rebounded from $1.95 and is now attempting to recover and reach $3 resistance.
Tradecurve (TCRV) price momentum
Compared to ApeCoin’s underperformance, Tradecurve has experienced a significant surge in its presale price, exhibiting a 20% increase in the past week alone. Moreover, an 80% surge can also be seen if we look at its starting price. This bullish momentum has caught the attention of investors seeking profitable opportunities.
Factors driving Tradecurve’s price increase
Tradecurve’s success can be attributed to various factors, including its unique mix of centralized and decentralized features and focus on privacy, transparency, and security. The absence of sign-up KYC checks and its dedication to protecting user information has resonated with traders, establishing Tradecurve as a trusted platform.
And while many traditional trading platforms such as Binance and Coinbase focus solely on cryptocurrency, Tradecurve will tap into many financial markets such as forex, stocks, commodities, indices, and more. All derivatives can be traded on one account – significantly increasing convenience.
Another significant difference from the likes of Gemini and eToro is that Tradecurve’s team has plans to implement their own Proof of Reserves (PoR). This will prevent any asset mismanagement and an FTX-style collapse. These features have made over 12,500 users register for this platform which has not been launched yet.
What’s in store for Tradecurve?
Because Tradecurve taps into many markets, such as the OTC derivatives one, worth $632T by the end of June 2022, Tradecurve could see a tremendous long-term upside, rivaling many established platforms like Binance.
Tradecurve is offering its native token, TCRV, the backbone of its ecosystem, for just $0.018. Since the token is now in Stage 4 of its presale, price hikes are frequent, with the next one to $0.025 coming as soon as next week when Stage 5 begins. Over $2.8M have been raised during the presale, and it seems like the goal of $20M by the end of it may come sooner than expected.
Those who purchase the TCRV token now will also receive a 50% deposit bonus, governance, staking rewards, and more. With experts forecasting a 50x growth by the end of its presale, now is the perfect time to purchase it.
For more information about the Tradecurve presale:
Click Here To Buy TCRV Presale Tokens
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