Cardano (ADA), one of the leading cryptocurrencies, has recorded a significant drop in price over the last week. However, market experts have spotted several on-chain activities showing bullishness that could result in Cardano (ADA) recording an epic price rebound. Similarly, many of these experts have remained excited about the prospects of a new altcoin, Tradecurve, as many believe it could become the next big thing in crypto.
On-chain Data Hint at Epic Price Rebound for Cardano (ADA)
Over the last seven days, the price of Cardano (ADA) has fallen by 9.3% - from a high of $0.4 to its current price of $0.3419. The price crash of Cardano comes after the U.S. Securities and Exchange Commission (SEC) labeled ADA a security. Amidst the price drop, crypto experts have spotted several on-chain activities that they believe could lead to an epic price rebound for Cardano (ADA).
IntoTheBlock recently reported that there has been a surge in large transactions recorded on the Cardano (ADA). According to the report, large Cardano (ADA) transactions of over $100,000 amounted to nearly $2.5 billion in the past 24 hours. According to experts, the increasing market participation of whales in Cardano (ADA) shows their interest in pushing the price of the token higher.
The Cardano network is also experiencing a surge in the activity and development of its decentralized finance ecosystem. At the start of 2023, the total value locked (TVL) in the Cardano ecosystem was $48.9 million but is now $167.82 million. Experts believe this increasing growth of the DeFi ecosystem will also play an important role in influencing the price of ADA.
Experts Make Bullish Claims About Tradecurve
Crypto market experts are equally bullish about Tradecurve, a new altcoin that has piqued the curiosity of many investors. The attention of the crypto community is quickly turning to this new altcoin because it creates an efficient solution to the limited and restricted trading many platforms offer. To date, many traders need to open multiple accounts with different trading platforms to be able to access crypto, forex, commodities, options, and other financial instruments.
Tradecurve is ending the hassle traders have to go through by creating an all-inclusive platform where users will be able to trade crypto, forex, options, ETFs, CMDs, and more from a single account. There is a general consensus among experts that the ease and variety this new platform offers will help it grow in popularity among traders within and outside the crypto ecosystem.
As more traders troop into Tradecurve, experts have predicted that its utility token, TCRV, could experience a parabolic price rise. Early price predictions put TCRV gaining 50x while in presale and up to 100x when the platform is released to the wider public. These predictions have fueled the influx of investors into the third presale stage of Tradecurve where TCRV sells for $0.015 per token. The project is on track to raise $20 million from investors for the launch of its trading platform.
Visit the links to get more information about Tradecurve and the TCRV token:
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