The cryptocurrency market has seen its fair share of ups and downs, with many coins experiencing substantial price corrections from their all-time highs. In this article, we will explore the recent performance of two popular cryptocurrencies, Shiba Inu and Cardano, which have witnessed significant declines, as well as the impressive rise of Tradecurve, a unique platform in its presale phase that has reached new heights in its price trajectory.
Shiba Inu (SHIB): A roller coaster ride
Shiba Inu, a meme-based cryptocurrency that gained substantial attention in the last few years, has sharply declined its price. After reaching its all-time high (ATH) of $0.00008616, Shiba Inu has faced a challenging period, with its value plummeting more than 90%. This correction is not unique to Shiba Inu, as the overall cryptocurrency market experienced a bearish trend, impacting many altcoins.
According to data provided by Glassnode, Shiba Inu has been having trouble generating new demand as of this week. The Shiba Inu network’s growth in newly developed addresses has decreased since June 11. It fell by 133% between June 11 and June 14, going from 3,838 to 1,646 new wallet addresses.
Shiba Inu is trading hands at $0.000006899 with a market cap of $4B, a rise of 1.92% in the last 24 hours.
Cardano (ADA): Tries navigating through market volatility
Cardano, the blockchain platform built for smart contracts, has also faced a significant price correction from its ATH of $3.09. Despite the project’s sound fundamentals and dedicated community, Cardano’s price has dipped over 90%. The volatility in the cryptocurrency market, coupled with external factors such as regulatory concerns, has contributed to this Cardano decline.
Recently, Celsius has made public its choice to sell the altcoin holdings of its users. This development is noteworthy because Cardano is one of the few coins making up most of the platform’s cryptocurrency reserves.
In the last month, Cardano has lost more than 28% of its value, causing many investors to question its long-term growth potential. Cardano has a value of $0.2693 with a market cap of $9.3B, an increase of 2.31% in the past day alone.
Tradecurve (TCRV): Rises above the market turmoil
Amidst the bearish sentiment in the market that has impacted Shiba Inu and Cardano, Tradecurve, an upcoming hybrid exchange, has managed to buck the trend and reach new heights in its price trajectory.
The hybrid nature of Tradecurve allows for a seamless trading experience, combining the liquidity and accessibility of centralized exchanges with the security and user control of decentralized platforms.
This innovative approach has resonated with users, leading to increased demand and subsequently driving up the price of the Tradecurve native token, TCRV, which is now in Stage 4 of its presale.
Tradecurve offers a range of advanced trading tools and features, including automated and AI trading bots, copy trading, and access to a metaverse trading academy. These features are designed to assist beginners and experienced traders in making informed trading decisions and optimising their trading strategies.
Tradecurve also emphasizes privacy and security, with a no sign-up KYC (Know Your Customer) policy and announcing its own Proof of Reserves (PoR) implementation.
This means that traders can access the platform and trade all derivatives on one account without going through a lengthy verification process, enhancing user privacy while also increasing trust and transparency that will prevent any FTX-style collapse from occurring.
TCRV has a value of $0.018, a stunning 80% rise from its starting price of $0.01. Moreover, more price hikes are expected since the presale is ongoing. Some analysts have even considered the Binance ICO a good comparison for its price trajectory. The Binance ICO started in 2017 for just $0.11 but now trades hands at $247.
With Tradecurve providing more features, the ability to trade all derivatives on one account while utilizing cryptocurrency as collateral, and more – this platform may very well rival Binance, and TCRV could see the same or greater valuation in a much faster time.
Market experts have even predicted TCRV could see a 50x growth during its presale, so if you are interested in capitalizing on this rise, sign up for its presale below.
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Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
