Binance coin drops to 6-month low, Cardano and Tradecurve price predictions
The cryptocurrency sector has experienced significant volatility recently, with Binance coin witnessing a steep decline, hitting a six-month low.
The cryptocurrency sector has experienced significant volatility recently, with Binance coin witnessing a steep decline, hitting a six-month low. As investors reevaluate their portfolios, many alternative cryptocurrencies like Cardano and Tradecurve have garnered attention. Keep reading as we go into the recent performance of Binance coin, provide insights into the price predictions for Cardano and Tradecurve, and explore the factors driving their market outlook.
Summary
- BNB hits 6-month low
- Cardano on a bearish trend
- Tradecurve could see a 5,000% surge
Binance coin (BNB) continues struggling
Binance coin, the native token of the Binance cryptocurrency exchange, has recently faced substantial downward pressure. The decline in Binance coin’s price can be attributed to several factors, including regulatory concerns, increased competition, and market sentiment.
Recently, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance, stating it had listed 13 cryptocurrencies that were not registered as securities. After this news, the Binance coin saw a sharp decline. In the last seven days, the Binance coin price fell by 15.7%, and this bearish trend has not stopped. At one point, Binance coin even fell to $252, its lowest point in 6 months.
Binance coin has a value of $259.03 with a market cap of $40.3B, which is a fall of 1.00% in the last 24 hours. With experts predicting that this price movement may continue, Binance coin could see further drops to $250 soon.
Cardano (ADA) also hit by the SEC
Built on a blockchain platform that emphasizes security, sustainability, and scalability, Cardano has gained recognition for its innovative technology and robust development team. However, Cardano has also been caught in the crossfire by the SEC.
In the latest news, Cardano was classified as a security. The organization that created Cardano, Input Output Global (IOG), responded that it was not. The company said that the SEC filing "contains numerous factual inaccuracies" and won't affect how it and Cardano do business.
After this development, the Cardano token also plummeted by 15.6% in one week alone.
Currently, the token is trading hands at $0.3146 with a market cap of $10.9B, down 3.50% overnight. Analysts have also taken notice of its technical indicators, all showing red which may signal further price drops as Cardano could fall to $0.30 in the near future.
Tradecurve (TCRV) and its price potential
Amid the market turbulence, the Tradecurve presale has emerged as a hidden gem, which is booming by 50% from its starting price. The Tradecurve borderless, hybrid trading platform will be launched when this presale ends. This trading platform will solve many issues that are currently present in the online trading industry.
On this platform, high trading fees that eat into your profits will not be present as Tradecurve eliminates all intermediaries resulting in dramatically lower commissions. This decentralized exchange will allow users from all over the globe to access it at any time and maintain assets and key control.
As numerous individuals are becoming more privacy-focused, Tradecurve will also solve the issue of intrusive sign-up KYC checks that many traditional platforms such as Kraken and IG are incorporating. These requirements are often very time-consuming and limit user privacy and freedom. Tradecurve will remove these checks and allow users to use their cryptocurrency assets as collateral when trading.
Another major selling point of Tradecurve will be the ability to trade all derivatives on one account. This has been a significant issue that limits the trader's ability to diversify their portfolios as many platforms, such as Coinbase and Binance, focus on one asset.
Experts have taken notice of all these aspects as they predict a pump for its utility token, TCRV, which is now in Stage 3 of its presale and has a value of just $0.015. This price will be a distant memory soon if we consider that one of its rival's ICOs, Huobi Token, started at $1.52 but saw an all-time high of $39.66. With market analysts hinting at a 50x price increase as the presale picks up steam, now would be the perfect time to purchase this token and obtain governance, staking rewards, and more.
For more information about the Tradecurve presale:
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
