Cardano (ADA), a prominent player in the cryptocurrency industry, has been capturing significant attention from investors worldwide since its Vasil hardfork which promised to improve its decentralized finance ecosystem, increase transaction speed, and reduce fees.
With the Cardano community working on more development for the blockchain, investors are wary of how its native token would fare in 2023. Meanwhile, the crypto community is bullish on a new upcoming project in the DeFi space named Tradecurve, which analysts have predicted would increase by up to 100x in the coming months.
Cardano (ADA) Price Prediction
Since the launch of Vasil, Cardano has emerged as a groundbreaking blockchain platform for the development of decentralized applications (dApps) as it offers a secure and scalable infrastructure. The Cardano DeFi space has been expanding rapidly as a result, with VyFinance DEX protocol MuesliSwap being the latest to integrate into Cardano. The total value locked (TVL) has jumped to $181.81 million.
The platform's native cryptocurrency, ADA, which plays a vital role in facilitating transactions and powering the ecosystem has been benefiting as a result. Over the last 24 hours, Cardano (ADA) has recorded $2.5 billion in large transactions, as the network’s token finds more utility.
The rising network activity is backed by some bullish signals. Cardano (ADA) currently trades at $0.3716 above the 20-day exponential moving average (EMA) with the bulls trying to push the price above the 50-day SMA at $0.38. If this happens then we could see the price of Cardano (ADA) rally to $0.42 in the coming days before testing the overhead resistance at $0.44.
Indicators Point Towards a Price Increase for Tradecurve (TCRV)
As Cardano tries to break into a bullish trendline, the fast-rising newcomer Tradecurve is working to lead the next altcoin rally and attract investors from beyond the crypto ecosystem. What sets Tradecurve apart from most exchanges is that it will offer a wide range of tradable assets like cryptocurrencies, CFDs, forex, commodities, options, stocks and more all on one trading account. In addition, KYC registration is not mandatory on Tradecurve, meaning traders from anywhere in the world can open an account.
These markets boast several times more trading volume than the cryptocurrency market. Forex has a daily trading volume of $7.5 trillion while the over-the-counter derivatives market records between $6.7 trillion per day. These volumes are more than any cryptocurrency trading platform has ever recorded and this is why market experts have marked Tradecurve for a massive price rise in the next few weeks.
Market analysts have predicted a significant potential for Tradecurve's TCRV token to experience a 100x surge in value upon the platform's launch. Meanwhile, Tradecurve's utility token, TCRV, is at the third stage of its presale and is sold at just $0.015 per token. This presents a unique opportunity for individuals to acquire the TCRV token at its current low price before its anticipated price increase in the coming months.
To learn more about the Tradecurve (TCRV) presale follow the links below:
Buy presale: https://app.tradecurve.io/sign-up
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