The broader crypto market is experiencing a downturn due to the SEC's regulatory actions against platforms like Binance and Coinbase. The market cap has fallen to $1.06 trillion as of June 19, 2023, and Cardano was affected by this change.
But while Cardano has experienced a price drop, another cryptocurrency known as Tradecurve has exceeded expectations and increased by 80% despite the bearish market trend.
- Cardano has seen a significant price drop, and analysts predict the price to go further downward into the red zone.
- Investors on the other hand are optimistic about a potential bullish resurgence of the blockchain space following the downturn. However, things are still uncertain.
- Tradecurve has seen an increase in value of 80%, indicating that not all altcoins are affected equally by the market’s overall momentum.
Cardano’s Price Momentum and Recovery Potential
The Cardano cryptocurrency was trading at a value of $0.261478 on June 19, 2023, after its recent decrease in value. Within the past week, Cardano saw a low point at $0.255066, with a high point of value at $0.283573. Cardano's all-time high value was $3.09 on September 2, 2021. This means that the cryptocurrency decreased in value by 91.54%.
The Cardano cryptocurrency has worried investors because, in the past month, it decreased in value by 28.4%. In the past seven days, Cardano decreased by 7.1%. Due to the regularity limbo, the cryptocurrency has been affected heavily. Many analysts are indecisive about predicting what value it can reach, so its future is uncertain.
Tradecurve Climbs 80%
Despite the downfall of the value of Cardano, competing projects like Tradecurve have seen significant increases in value. Tradecurve has achieved a growth of 80% so far, and this can be attributed to its unique offering of decentralized access to cryptocurrencies, and derivatives trading, without any KYC requirements.
It removes many of the barriers to entry found in competing platforms like KuCoin, OKX, Binance and Coinbase The hybrid exchange does not charge hefty fees; it is truly borderless, as anyone from any country in the world can access it.
In addition, Tradecurve also bolsters transparency, as it implements Proof of Reserves (PoR) so that each user can check if the exchange has the balance to cover all of the balances users have.
Another notable feature behind Tradecurve is its AI-driven trading bots, where users can subscribe to a system in which the bots will make automatic trades for them at points in time where they estimate the most significant gains can be made.
TCRV is the utility token behind the platform, and it's used for discounts on subscription fees, for platform governance, and it can even be staked so that users can earn more on top of the exchange.
As of Stage 4, the Tradecurve cryptocurrency trades at $0.018. Over 25,186,935 TCRV tokens have been sold during this stage, making it 25% complete. The next price increase is at Stage 5, where the cryptocurrency will jump to $0.025, and analysts predict that on launch, TCRV can climb by 100x.
See more about Tradecurve and its TCRV utility token below:
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