Cardano dips 30.2%, Litecoin down 18.4 last 7 days, Tradecurve showing bullish patterns
Cardano and Litecoin are two cryptocurrencies that saw a high decrease in their value within the past week and have incentivized investors to look elsewhere for alternatives with which they can make up for the losses experienced.
Cardano and Litecoin are two cryptocurrencies that saw a high decrease in their value within the past week and have incentivized investors to look elsewhere for alternatives with which they can make up for the losses experienced. Out of the thousands of projects available in the blockchain industry, Tradecurve has stood out as the go-to option for investment as it has showcased bullish patterns, and today, we will explore why it stood out.
Cardano’s Dip in Value
As of June 11, 2023, the Cardano cryptocurrency traded at $0.271158. When we go over the weekly performance behind Cardano, we can see that things took a turn towards a bearish direction, as its value declined by 30.2%.
Based on on-chain data, the lowest point of value for Cardano during the week was at $0.238477, while its highest point was at $0.381683. This puts Cardano far under its all-time high achieved in 2021, where it traded at $3.09, as the difference is 91.44%. However, things are not fully pessimistic for the future of Cardano.
In the last 24 hours, the cryptocurrency managed to kick back up in value and saw a sudden increase of 11.8%. It will take a lot more growth for Cardano to reach the value of its previous month, and the pessimistic inverse is looking elsewhere for alternatives.
How Litecoin Went Down In Value
Litecoin was also hit by the bearish market run and decreased in value by 18.4% in the last week, indicating to investors that it might be time to look at alternative options in order to make up for the losses experienced. On June 11, 2023, Litecoin traded at $78.63.
Going over the weekly price difference, the low point for Litecoin was at $75.56, while its highest point of value was at $96.46. In the last 24 hours, however, Litecoin managed to get back up in value by 1.6%, but the gains made are far lesser than the losses experienced during the week, so it will take a lot of time for the cryptocurrency to recover.
Moreover, Litecoin is also far away from its 2021 all-time high point of $410.26, and all of these aspects are now motivating traders to get other altcoins.
Tradecurve and its Bullish Patterns
TCRV, the utility token behind the Tradecurve platform, has experienced an increase of 25% during the last week, and its growth suggests bullish patterns that have put it on the radar for many investors.
Tradecurve is an emerging platform in the online trading world currently undergoing a presale run; it offers a unique proposition by combining the best elements of CEXs and DEXs and bringing crypto and derivative trading together within a single platform.
One of the key factors that have driven the momentum for Tradecurve forward is the privacy-focused approach, which eliminates any KYC checks whilst also ensuring that users can completely privately trade on top of the platform.
Users from across the world can trade any derivative, from a single account, just by opening an account using an email and linking it to a crypto wallet, then making a deposit. The crypto that has been deposited is then used as collateral when making trades.
The team is also committed to user security, privacy, and transparent operations and will implement Proof of Reserves (PoR). The native token behind Tradecurve, TCRV, trades at $0.015, and analysts predict that it can spike 100x when the platform launches.
Learn more about Tradecurve below:
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