Shiba Inu has built a reputation as one of the biggest meme coins in cryptocurrency due to a large community, massive price spikes, celebrity endorsements, and viral social media trends. However, over the last few months, the meme coin has struggled, with the price of the SHIB token dropping to new lows. On the flip side, the buzz that used to be behind Shiba Inu has shifted to a new hybrid exchange, Tradecurve.
Shiba Inu Continues Rough Patch as Bulls Lose Momentum
When Shiba Inu launched in August 2020, the cryptocurrency market was in a bull cycle, with little competition in the meme coin space. However, things have changed in 2023, with the market in a downtrend and a never-ending launch of meme coins, increasing the competition for Shiba Inu.
These macroeconomic factors have forced Shiba Inu (SHIB) into one of its toughest seasons since its launch. Over the last seven days, the price of Shiba Inu has plunged by 17% and as much as 25% in the last 30 days. Shiba Inu has been struggling to stay afloat as the coin has been trading under a descending trendline since February, as bulls have failed to hold several critical support levels.
However, the future doesn’t look all bleak for Shiba Inu. The Shiba Inu team launched its testnet in March, and on-chain data shows the platform has been gaining massive traction. Lookonchain reported that the number of transactions on the Shiba Inu testnet had crossed 20 million in just three months of its launch to purchase over 5 trillion SHIB tokens worth $35 million. These are signs that momentum is returning to Shiba Inu, and a price surge could be around the corner.
Meet Tradecurve, the New Hybrid Exchange that Has Crypto Adherents Buzzing
Things are slightly different in the decentralized finance space, as a new hybrid exchange, Tradecurve, has managed to keep adherents buzzing over its performance in the bearish crypto market. Defying the crypto market downtrend, the price of Tradecurve’s native token, TCRV, increased by 50% in May, and analysts have forecasted another 25% price jump over the next week.
While there are several hybrid exchanges in the DeFi space, Tradecurve has managed to attract the attention of major players in the industry as the first project building an all-inclusive trading platform where users will finally have the opportunity to trade a wide range of instruments, including forex, stocks, options, ETFs, and commodities from a single account. They can trade all these assets using cryptocurrency as leverage to make things more interesting.
Trading on the platform will also shoulder ahead of the competition as Tradecurve is implementing powerful trading terminals, low latency, ultra-fast order execution, and super low trading fees and spreads. The third stage of Tradecurve’s presale is almost sold out, and users have a great chance to snap up the remaining tokens at a modest price of $0.015 per token.
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