Things are now looking better for Solana as the markets appear more stable. Meanwhile, a new decentralized finance project, Tradecurve, has been the buzz in crypto as the token jumped to a new high, disregarding the bearish sentiment of the broader market.
Solana (SOL) Stabilizes After Huge Sell-Off
In the latest attempt to clamp down on cryptocurrencies, the SEC filed lawsuits against Binance and Coinbase where it listed Solana (SOL) as a security. The classification of Solana (SOL) sparked a major price sell-off as crypto exchanges delisted the SOL token from their platforms. In six days, the price of Solana fell from $22 to as low as $14.1 – a 33% price crash.
Solana appears to have survived the worst part of the crash, as its price has now stabilized in the market. Bottoming out at the $14 support, it is now in a bull market, attempting to reclaim lost highs. Over the last 24 hours, the price of Solana has increased by 8.7% to trade as high as $15.72, while closing in on the $16 resistance.
If the price of Solana breaks above this region, then the bulls can force a rally back to $18. For this to be possible, Solana bulls would at least, need to hold the $14 support over the next few days, before gaining momentum for a rally.
Powered By the Most Promising Trading Platform, Tradecurve (TCRV) Hit New High
Solana, through its recent price jump, joins Tradecurve (TCRV) on the bullish side of the crypto market. In its market rally, the price of TCRV has set a new high of $0.018.
Tradecurve has managed to be bullish during the bear market because the project is building a hybrid trading platform that promises to replace centralized exchanges like Binance, Kraken, and Coinbase.
As a hybrid trading platform, Tradecurve will combine the best features of centralized and decentralized exchanges, to build a platform without the challenges that are currently associated with crypto exchanges.
For example, Binance was accused by the SEC of mismanaging the funds of users. Tradecurve will be fully decentralized, allowing users to manage the private keys of their digital assets, avoiding such claims.
Users of the trading platform will also have the opportunity to trade anonymously as Tradecurve will allow individuals to open accounts without requiring the KYC forms. The simplicity and ease-of-use which characterizes centralized exchanges will also be present, making Tradecurve a well-rounded exchange. These are the features that have attracted investors to phase four of the Tradecurve presale where a TCRV token sells at $0.018 (an 80% increase).
Visit the links below to get more information about Tradecurve and the TCRV token:
Website
Buy TCRV Presale Tokens
Join Community on Telegram
Source: https://coinpedia.org/press-release/solana-price-stabilizes-tradecurve-price-hits-new-high/