The DeFi ecosystem has suffered a huge price blow recently. According to data from Coinmarketcap, DeFi tokens have seen an average price decline of 20% in the last 24 hours. While the prices of most cryptocurrencies continue to tumble, Tradecurve.io seems set to hit the moon with a 2,800% predicted price rise during the presale.
Tradecurve, a trading platform, will be launching soon. The platform boasts features that combine the best of centralized and decentralized exchanges. So what has been behind the recent crash in prices of cryptocurrencies? And how can crypto users benefit from the Tradecurve ecosystem? This article takes a look.
dYdX (DYDX) Dumps by 7%
The general crypto market has seen a 3% decline in the last 24 hours, but DeFi tokens have been more volatile. dYdX, one of the most famous DeFi projects, has lost over 7% in the past day. dYdX now trades below its opening price of $2.51 in April. The token gradually appreciated in the last few days, experiencing a price breakout above the $2.60 level.
dYdX continued on a bullish rampage since April 14th, going higher to break the resistance around the $3 mark. The token reached a high of $3.19 this month before facing resistance and declining value. Since meeting strong resistance on April 18th, dYdX has been downtrend.
Now trading around the $2.4 region, dYdX may consolidate further around this region before the next significant move. The token may continue on a downtrend in the short term if bullish traders are unable to buy back huge volumes of the token.
Tradecurve (TCRV) – A Crypto Exchange With Hybrid Features
Interestingly, Tradecurve has features similar to that of dYdX but with wider market appeal.
Tradecurve is a hybrid trading exchange that will enable users to not only trade Crypto but use it to trade other derivatives such as Forex, Commodities, and Stocks. The platform will not require any KYC, a user opens an account with their email address and deposits crypto (no need for fiat payments).
With recent issues experienced by centralized exchanges such as FTX and Binance, the crypto community has lost trust in these types of organizations. Tracecurve aims to bring together the best of both with main features including high leverage starting 500:1, the use of algorithms and AI to aid your trades, and connected wallet functionality.
With the OTC (over-the-counter) derivatives market estimated to be worth $39 trillion daily and a target of 100,000 new users on the platform within 3 months of launch, the potential for market disruptor Tradecurve is there for everyone to see.
Analysts are indicating 50x gains for the project by the time the presale concludes. However, Tradecurve aims to be a top 3 global trading platform, and challenge established players like Binance, Coinbase and Kraken.
Tradecurve is currently in its presale stage. Cyberscope has fully audited the token’s smart contract. The team’s tokens will be locked for three years to avoid price manipulation, and rug pulls. The TCRV token is available to buy for $0.01. The token’s price is expected to moon by 50X during the presale and once the token launches on major exchanges.
Conclusion
While the DYDX token has grown exponentially since its ICO in 2021, the DeFi token will have a competitor in Tradecurve. Tradecurve offers decentralization with a mix of centralization. Further, the TCRV token will have a low market capitalization at its launch. This will create an opportunity for astronomical growth in the Tradecurve ecosystem.
Visit the Links Below For Info About Tradecurve Presale
Website: https://tradecurve.io/
Presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
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.
