Binance coin faces sideways movement, Cardano, TCRV forming bullish momentum
Binance Coin, the native cryptocurrency used across the Binance exchange, has recently experienced a sideways movement.
Binance Coin, the native cryptocurrency used across the Binance exchange, has recently experienced a sideways movement. Despite reaching its weekly high, the coin's price encountered resistance, leaving many worried. Cardano also entered the red zone and dipped under a point that not many expected.
While all of this occurred, the upcoming Tradecurve exchange gained a significant level of momentum with the sale of its TCRV token, as it reached a 20% increase in its value, forming a bullish pattern.
Binance Coin Faces Movements Sideways, and Investors Are Worried
The recent decline in the price of the Binance Coin can be attributed to factors such as the overall market sentiment being influenced by a broader correction in the market and because investors are taking their profits and adjusting their portfolios. There has also been a higher level of concern over the regulatory developments and market uncertainties that have added to the selling pressure for Binance Coin.
The Binance Coin cryptocurrency traded at $243.77 as of June 19, 2023. However, in the past week, it saw its low point at $228.74, while its high point was at $250.25. During the previous month, Binance Coin decreased in value by 21.1%, and in the last two weeks, it's been down 18.9%, indicating a bearish market sentiment surrounding the cryptocurrency.
Cardano Enters the Red Zone in Its Chart
Despite attempts by bulls to regain momentum and put Cardano into the green zone, there is a threat to the value of the cryptocurrency as it glided into the red zone. Cardano could trigger a further sell-off and push its value even lower if it carries on this momentum.
On June 19, 2023, Cardano traded at $0.261893. In the past week, Cardano saw its low point of t$0.255066, with its high point at a value of $0.283573. When we look at the overall performance of Cardano during the previous month, it decreased by 28.4%. In the last two weeks alone, it went down 30%, driving investors to diversify.
Tradecurve’s Utility Token TCRV is Forming a Bullish Momentum
While Binance Coin and Cardano are facing a downward trend, the TCRV token has remained bullish even during this bear market. Last week alone, Tradecurve value increased by 20%.
Unlike competing exchanges that rely on centralized control through KYC and have high fees, Tradecurve puts its focus on privacy, accessibility for beginners, and advanced trading tools.
Users globally are welcome, with borderless access, and anyone can trade any derivative, and cryptocurrency without undergoing any KYC procedure. Tradedurve enables a high level of privacy, anonymity, and self-custodial control and establishes a high level of transparency by introducing Proof of Reserves (PoR).
Each trader can also access AI and automated trading bots that can execute trades automatically and through which they can potentially improve trading efficiency by not missing out on any short-term trades that can provide them with solid profits.
Other features of the platform that experienced traders can access include high leverage, starting at 500:1, negative balance protection, and a VIP account system. Beginners are not forgotten either, as there is a dedicated Trading Academy that will teach them everything they need to know.
Tradecurve is in Stage 4 of the presale, where one token is worth $0.018, and 25,145,120 tokens have already been sold during this stage alone. The team estimates that they can raise $20 million during the presale and that they can onboard 100,000 users during the first three months of operation. With this in mind, analysts predict a jump in the value of TCRV by 100x.
Learn more about the TCRV token at the links below:
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