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The direction of the crypto market is currently uncertain, as evidenced by recent price declines in coins such as Solana (SOL) and Conflux (CFX) within the past 24 hours. However, investors are shifting their attention towards Tradecurve, an innovative crypto token that is introducing the world’s first-ever multi-asset DeFi exchange.
Solana (SOL) holders are worried
Solana, the Ethereum killer, experienced significant setbacks last year. One of its prominent supporters, Sam Bankman-Fried, the founder of the now-defunct FTX, was arrested. This, coupled with Solana’s reliance on FTX and Alameda Research (FTX’s research arm), resulted in a considerable decline in its value. Also, the Solana blockchain experienced several outages which affected investors’ Interest in the platform.
Although the platform has attempted to revive users’ Interest in 2023, the SEC’s latest allegation that Solana is an unregistered security has not been helpful. Currently, the token is trading at $16.86, a decrease of -2.27% in price over the past 24 hours. Similarly, trading volume has dropped on the network in the last 24 hours by -8.90% signifying loss of users’ Interest.
Conflux (CFX) trading volume drops
Conflux, a prominent cryptocurrency from China, has been exhibiting bullish momentum on the price chart since the beginning of 2023. The ongoing upward momentum of Conflux can be attributed to the overall influence of the market and the expansion of its ecosystem. Recently, the blockchain network announced a new partnership with dappOS, a member of the Binance Labs Inc program. The dappOS protocol prides itself as a unifying operating protocol for Web 3.0.
Unfortunately, the bearish wave has caught up with the token as it dipped by 3.89% to $0.232193. Further, Conflux’s trading volume has dropped by 16.00% in the last 24 hours according to CoinMarketCap. This decline in trading volume suggests a recent decrease in market activity for Conflux (CFX). Meanwhile, investors are moving from Conflux to Tradecurve, a new DeFi player whose token has taken the crypto space by storm.
Tradecurve (TCRV) on bullish momentum
Defying the trend of the broader cryptocurrency market, Tradecurve has been currently on a bullish rampage, skyrocketing by 20% last week to jump from $0.015 to a new high at $0.018. Interestingly, analysts are predicting further positive price trends in the coming weeks, as thousands of investors from competing Solana and Conflux migrate into Tradecurve.
One reason Tradecurve has been garnering attention from investors lately is that it is a unique hybrid exchange with the potential to change the crypto trading scene. What sets it apart from centralized exchanges like Binance and Gemini is its lack of strict KYC requirements which allows users to trade anonymously from anywhere in the world. Additionally, Tradecurve allows users to invest in different markets like forex, commodities, cryptocurrencies, CFDs, and stocks.
Tradecurve aims to establish itself as one of the top three global trading platforms, surpassing competitors such as Huobi and Binance. Meanwhile, market experts have predicted that on its current bullish trajectory, Tradecurve could become a top 100 crypto by market capitalization before the end of the year.
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Source: https://en.cryptonomist.ch/2023/06/28/tradecurvetcrv-presale-hits-3-million/