The Ethereum (ETH) network has seen many users jump ship as its recent rally caused Ethereum (ETH) transaction fees to reach a yearly high. As a result, Solana (SOL) has reaped the benefits, experiencing increased network activity. However, most Ethereum (ETH) users have chosen to go with Tradecurve (TCRV), a new game-changing hybrid trading platform currently in Stage 3 of its presale, that will enable them to trade on thousands of markets from one account.
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Ethereum (ETH) Transaction Fees Cause Users to Move Away
The recent meme coin hype surrounding the Pepe (PEPE) coin did more damage than good to the Ethereum (ETH) network. Namely, due to investors hurrying to stock up on PEPE, the Ethereum (ETH) chain transaction fees surged to $27.61 on average, the highest level since May 2022.
This caused many to move away from the Ethereum (ETH) network, causing the Ethereum (ETH) token to decrease in price and trade at $1,840.85.
However, since then, the Ethereum (ETH) price has recovered slightly, with the Ethereum (ETH) token currently trading at $1,856.09, marking a 2.06% increase in the last 24 hours.
Additionally, the Ethereum (ETH) trading volume has increased by 46.03% since yesterday, which investors see as an indicator of a possible recovery in the near future.
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Solana (SOL) Attracts ETH Users With Its Lower Fees
Ethereum (ETH) users switching from the chain could not have come at a better time for Solana (SOL) as it helped the Solana (SOL) network start its path to recovery, having lost 20.74% in value in the last three months.
Namely, the surge of activity on the Solana (SOL) network rose by 113% as users began to switch, resulting in the creation of 4.19 million new Solana (SOL) addresses in just the month of May.
Additionally, this helped Solana (SOL) break above the $20 support level and form support at $19.50. Currently, the Solana (SOL) token trades at $20.08, with a 2.06% price increase in the last 24 hours. Additionally, the Solana (SOL) trading volume has increased by 19.13% since yesterday.
However, despite the recent upturn in the Solana (SOL) performance, the Solana (SOL) RSI is at 40.17, causing experts to predict a bearish trend for the token in the upcoming days.
Tradecurve (TCRV) – The Innovative Hybrid Trading Platform That is Causing a Stir on the Market
Regarded as the new shining star in the crypto world, the TCRV token has become the hottest on the block, causing investors to swarm its presale in the thousands.
TCRV is the native token of Tradecurve, a new revolutionary hybrid trading platform that will deliver the best elements of centralized and decentralized exchanges, merging them into one borderless and highly-secure place.
Namely, Tradecurve will become the first decentralized solution where users can leverage their crypto balance and use it to trade commodities, stocks, bonds, ETFs, forex, options, and crypto, all from a single account. Additionally, its decentralized nature will provide complete anonymity to users because they will not need to go through invasive KYC processes.
Moreover, trading on Tradecurve is as easy as it gets. All you need to do is create an account (by providing a valid email address and nothing else), connect your wallet, and deposit the crypto you want to use for trading. And with that, you can start trading instantly on thousands of different markets.
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Additionally, Tradecurve will provide users with many excellent features, including high leverage starting at 500:1, AI algorithmic trading bots, and copy trading, where users can pay a subscription fee to traders with good success rates to copy their trades.
Tradecurve token holders will also receive negative balance protection, VIP account service, and exclusive deposit and level-up bonuses and perks.
All of this can overwhelm new traders making their first steps in the crypto sphere. However, Tradecurve is here to help, as it plans to launch its own metaverse trading academy where people can take courses and talk with experts to improve their skills and learn about trading strategies.
Right now, investors can take advantage and buy TCRV while it is in Stage 3 of its public presale, where one token sells for $0.015. Additionally, experts predict that the token will deliver 50x gains to holders before it launches when it will rise by an additional 100x.
Moreover, Tradecurve has its sights set on a spot among the top-three global trading platforms, surpassing the likes of OKB, Robinhood, and Huobi.
And, seeing as the Binance BNB ICO started at $0.11, with BNB currently trading at $313, the growth potential of TCRV is massive.
For more information about $TCRV presale tokens:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: https://nulltx.com/solana-and-tradecurve-captures-new-users-as-ethereum-struggles/