Conducting an in-depth analysis of cryptocurrencies before investing in them is a desired exercise. However, consolidating information from a wide range of sources and doing their analysis is a herculean task.
Therefore, people prefer taking experts’ advice before making crypto investments. This article has taken experts’ opinions on three different projects, Bitcoin (BTC), Tradecurve, and Litecoin (LTC). They have unequivocally dubbed Tradecurve as the new market champion, surpassing Bitcoin and Litecoin. Let’s explore what they say.
Bitcoin (BTC) Price Rises But Hash Rate Decreases
Bitcoin has witnessed an uptick in its price in recent weeks. The exchange rate of Bitcoin has surged by 13% in the past 30 days and has been able to surpass the mark of $30,000. The current trading price has increased to $30,583.04.
However, experts have expressed concerns, as Bitcoin is falling in a key growth metric. According to the latest data by Glassnode, Bitcoin has experienced a drop of 2% in its hash rate. It implies that Bitcoin miners are leaving the market due to the falling value of BTC. At present, the hash rate of Bitcoin (BTC) stands at around 364 trillion (Th/s).
Litecoin (LTC) Gets Support From Canada
Litecoin has received major support from the Canadian government. Recently, Canada announced that Litecoin can be traded for an unlimited amount on exchanges, while there is an annual limit of $30,000 for other cryptocurrencies. Litecoin shared the update through its official Twitter handle.
The decision by the Canadian government has come just a month before Litecoin’s upcoming halving event. It has also boosted the price, which is already pumped due to the hype around its halving event. The market value of Litecoin has soared by 11% in the last month. At the time of writing, Litecoin (LTC) is available to change hands at $105.49.
Tradecurve Attracts Whales From Other Projects
As per the data from Coinmarketcap, the cryptocurrency market cap is more than $1.19 trillion, with a daily trading volume of more than $55 billion. This expresses how rapidly the crypto trading industry is growing. Tradecurve has launched a new Web3 trading platform that is destined to become one of the top 3 exchanges in the world.
This new decentralized trading exchange provides users with access to several assets and derivatives, like futures, bonds, OTC derivatives, forex, cryptocurrency, and more. It has not implemented any KYC checks for traders, setting itself different from other exchanges like Binance and Coinbase.
Its ecosystem includes three major elements, including Automated Trading, Exchange, and Metaverse Trading Academy, which are powered by TCRV tokens. The holders of these tokens will be entitled to receive several benefits, including a reduction in transaction fees and staking rewards. The liquidity pool of the platform will be locked for three years and team tokens for two years.
Currently, the token presale round is progressing through stage 4, and a TCRV can be locked for $0.018. Moreover, its market value is projected to skyrocket by 50 times during the presale phase and 100 times after being listed on leading exchanges. Due to such high market demand, the platform’s presale has been pegged to raise at least $20 million, surpassing the record of Binance, which could raise $15 million.
Learn more about Tradecurve and the TCRV token below:
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Source: https://coinpedia.org/press-release/bitcoin-price-prediction-tradecurve-safe-haven-litecoin-launches-updates/