The recent interest from institutional investors in the cryptocurrency industry has brought back bullish momentum for many digital assets. However, with over 25,000 projects, the cryptocurrency market offers too many options for investors to keep track of.
Following the bullish performance of the crypto market last week, three altcoins have caught the attention of analysts due to their performances. In this article, we will explore why you should watch out for these tokens this week.
Tron (TRX) TVL Catapults to Second, Investors Bullish About Upcoming Upgrade
Despite the prevailing bearish sentiment in the crypto space, Tron has managed to maintain a bullish trend, exhibiting a notable price increase of 5.68% over the past 7 days. Tron has emerged as a prominent player in the blockchain ecosystem, boasting the second-highest Total Value Locked (TVL) among blockchain networks with over $6 billion locked across 22 protocols, as reported by DeFiLlama.
Looking ahead, Tron plans to unveil a significant upgrade called GreatVoyage-v4.7.2 Periander in June. While the precise details and features of this upgrade are still being discussed and finalized, it aims to introduce favorable enhancements to the network. As we approach the end of June, this development holds the potential to generate more positive price movements for Tron, further bolstering its position in the market.
Avalanche (AVAX) Rumbles with The Wave Of Crypto Expansion
Following the overall market recovery, Avalanche has been on a similar path of revival. While there are indications of market exhaustion in Avalanche price analysis, crypto analyst Michael van de Poppe believes there is still room for Avalanche to experience further growth.
In a recent Twitter post, van de Poppe predicted that AVAX could potentially reach around $65 before the current rally concludes. While his focus was primarily on the broader market rally driving AVAX’s price, noteworthy developments taking place on the Avalanche network such as Avalanche HyperSDK and Avalanche Warp Messaging (AWM) could play a role in the altcoin’s price journey. As of today, the price of Avalanche (AVAX) stands at $13.51, a decline of -0.21% in the last 24 hours.
Tradecurve (TCRV) onboards 12,500 users
During the price surge cryptocurrencies experienced last week, the price of Tradecurve hit a new high of $0.018 on the back of a 20% price jump. However, Tradecurve has managed to retain significant bullish momentum, with investors setting their sights on the $0.025 price mark this week. The influx of over 12,500 new investors has contributed to the bullish momentum of TCRV.
Investors are bullish about TCRV, because its platform, Tradecurve, aims to address existing limitations such as high fees and strict KYC requirements that investors face when using cryptocurrency exchanges like Binance and OKX. By eliminating the need for KYC on signups and allowing users to self-custody their assets, Tradecurve tackles issues of privacy and transparency.
Additionally, investors can trade different assets on Tradecurve such as cryptocurrencies, ETFs, stocks, bonds, forex, and commodities from one account. Other features available on Tradecurve include algorithmic (AI) trading, high leverage (500:1), copy trading, and a trading academy.
Now in its fourth phase of the token presale, TCRV is available at just $0.018 each. Market analysts and investors are very optimistic about TCRV, expecting further upward momentum in the coming weeks.
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