Monero (XMR) Price Underperforms, Tradecurve (TCRV) is a better option according to experts
Cryptocurrency is fast becoming an asset class in the portfolio of every major investor. The strong performance of the asset class has attracted a lot of attention from top investors recently.
However, several assets like Monero (XMR) have not lived up to the expectations of investors. As a result, investors have started to explore promising presales like Tradecurve that offer tokens at a more affordable price, while still demonstrating the potential for long-term growth.
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Monero (XMR) Price Loses Bullish Momentum
Monero has gained a reputation for prioritizing privacy and fungibility. While Bitcoin transactions are transparent and traceable on the blockchain, Monero employs sophisticated cryptographic techniques to conceal transaction details, ensuring the privacy and anonymity of its users.
In recent times, the token’s value has faced a bearish trend due to regulatory actions targeting privacy-focused cryptocurrencies. Notably, major crypto exchanges such as Kraken, Huobi, and Binance have even delisted Monero. However, the token’s price has since experienced a rebound. Analyzing the weekly timeframe for Monero, it is evident that the price has seen a significant rise after finding support around the $130 horizontal level during the week of June 5th to 12th.
As of today, the price of Monero stands at $166.64. This reflects a 0.40% decline in price over the past 24 hours, while also indicating a 13.10% increase over the past week. If the price of Monero falls below the $164 region, there is a possibility that the token may retest the $140 resistance line.
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— Tradecurve (@Tradecurveapp) June 29, 2023
Tradecurve (TCRV) Set To Increase 40% Soon
While bears have overtaken the Monero market, investors have diverted their attention to a different crypto project called Tradecurve, which offers broader utility and access to trade derivatives.
The native token of the Tradecurve platform, TCRV, has demonstrated impressive bullish performance, surging by 80% from its initial price of $0.010 to $0.018. Still retaining its bullish momentum, analysts are predicting a price increase of 40% in the coming days.
The rapid growth of the Tradecurve project, onboarding more than 12,500 new users over the last few weeks is in part responsible for the bullish performance of TCRV. Tradecurve aims to address the challenges faced by traders when using centralized exchanges such as Kraken and Coinbase.
It promises unrestricted access to additional markets such as commodities, indices, forex, stocks, ETFs, and more, all on a single account. This borderless platform enables traders worldwide to trade anonymously as it eliminates strict Know Your Customer (KYC) requirements. Traders have to register with just their email and connect their crypto wallet to start trading.
The platform’s value is augmented by other features such as automated and AI-powered tracking bots, bot trading, and a metaverse trading academy for traders to improve their skills. Additionally, Tradecurve features high-leverage options starting at 500:1, Proof of Reserves (PoR), copy trading, a VIP account system, and protection against negative balances.
Currently, in stage 4 of the token presale, the TCRV token is priced at $0.018. With positive market sentiment and a range of compelling factors, it showcases promising potential for more bullish price movements.
To find more information about Tradecurve and the TCRV token, visit the links below:
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Filed under: Bitcoin - @ July 2, 2023 2:02 pm