The crypto market is yet to recover from the 2022 crypto market winter which sent numerous tokens including Shiba Inu nose diving into the red region. Meanwhile, the Shiba Inu community is counting on the Shibarium project and increased burn rate to spark a crypto rally. This week, all eyes are on another project, Tradecurve’s utility token, TCRV, as investors expect another price jump this week.
Will Shiba Inu (SHIB) Price Soar?
Shiba Inu has been negatively impacted by the prevailing bear market, experiencing a series of lower highs and lower lows since its peak at $0.00001575 on February 4th. Despite this bearish trend, the Shiba Inu community remains optimistic about a potential price recovery, with hopes set on reaching $0.00001. According to CoinMarketCap, Shiba Inu is currently trading at $0.000007 by press time.
At its current price, Shiba Inu would need to undergo a staggering surge of 142.8% to reach the $0.00001 price target. The SHIB/USD daily chart shows a continuous decline without any recovery. Despite testing the $0.0000077 support twice on June 5th and 8th, Shiba Inu dropped to $0.00000662 due to bearish demand.
Currently, Shiba Inu is showing high volatility, with the price hitting the lower Bollinger Band at $0.00000673, indicating oversold conditions. A potential entry point for a short-term recovery may exist in this range, but buying pressure is needed, and bulls must protect the $0.00000662 level against bears.
Tradecurve (TCRV) Set For Another Price Increase This Week
While the broader crypto market has struggled to make and retain gains over the last few weeks, some investors are buying stakes in other projects like Tradecurve which market experts believe will set another price increase this week. Tradecurve is developing a hybrid trading platform that will allow users to trade anonymously from anywhere in the world.
The platform’s focus lies in providing low trading fees and enabling users to use crypto as collateral to trade. With paramount importance placed on decentralization, user privacy, and security, Tradecurve is set to rival centralized exchanges like Binance and Kraken. One of the key advantages of Tradecurve is that users have complete control over their private keys and assets, ensuring maximum control and ownership.
Additionally, traders can execute transactions without disclosing their personal information, further safeguarding their privacy. The platform offers a range of notable features and benefits, including VIP account features, AI trading capabilities, a negative balance protection mechanism, the option to engage in copy trading by following expert traders, and access to the Trading Academy, where users can enhance their trading skills through educational resources.
Presently, the TCRV token is priced at a modest $0.015. Market experts have predicted another 25% price increase this week as more investors join in the presale. In addition, the price of the token is predicted to increase by up to 100x when the platform launches and TCRV is listed on Uniswap and other centralized exchanges to improve accessibility and liquidity for investors.
Visit the links to get more information about Tradecurve and the TCRV token:
Click Here To Buy TCRV Presale Tokens
Join Our Community on Telegram
Subscribe to our daily newsletter!
No spam, no lies, only insights. You can unsubscribe at any time.