Two well-known cryptocurrencies, Tron and XRP, have recently shown negative indicators, suggesting a likely downward trend. Despite this, Tradecurve bulls have gained market control and are now providing investors and traders with new chances.
Keep reading as we examine these developments in greater detail and see what they may mean for these tokens’ futures.
Summary
- Tron under bear control as most of its technical indicators are in the red
- XRP to see further price drops
- Tradecurve has increased by 20% in the last week, indicating bull dominance
Tron (TRX) shows red charts
Tron, a blockchain platform known for focusing on decentralized applications (DApps) and smart contracts, has been exhibiting bearish signs in the cryptocurrency market. Tron’s price movement has shown a consistent downward trend, with lower and lower highs.
Additionally, technical indicators such as moving averages and relative strength index (RSI) have been pointing towards a potential bearish market sentiment for Tron.
At the moment, Tron has a value of $0.07127 with a market cap of $6.4B, a rise of 2.54% in the last 24 hours. However, the trading volume of Tron dropped by 5.30% in that same time, dropping to $158,077,997. As this selling pressure grows, the price of Tron could see drops.
Market analysts bearish on XRP (XRP)
XRP, the digital asset associated with the Ripple network, has also faced its fair share of bearish signals. Regulatory challenges and ongoing legal disputes have impacted XRP’s price and investor sentiment. These uncertainties have resulted in a generally bearish outlook for XRP, with price movements reflecting a downward trend and diminishing trading volumes.
Currently, XRP is trading hands at $0.4787 with a market cap of $24.8B, increasing by 3.45% in the past day alone. Despite this, the XRP moving averages show sell signals, which could ring some alarms for investors. Moreover, the 24-hour XRP trading volume has also plummeted by 14.87% and now sits at $916,050,054. With these charts in mind, market analysts forecast a drop to $0.40 for the XRP by the end of 2023.
Tradecurve (TCRV) bulls gain control
While Tron and XRP may face bearish indicators, Tradecurve, an upcoming game-changing trading platform, has seen an influx of bullish sentiment from traders. Tradecurve has garnered attention for its innovative features, privacy-focused approach, and diverse trading options. This has led to over 10,000 users being registered even while the platform is awaiting launch and its native token, TCRV surging by 80%.
On this platform, traders from all over the globe can trade all derivatives on one account while utilizing cryptocurrency as collateral. This allows individuals to profit from various trading possibilities and market movements in numerous industries, commodities, or digital currencies. It boosts their possible trading opportunities and their likelihood of making lucrative deals.
Cryptocurrencies will be used as collateral, meaning no intrusive sign-up KYC requirements that traditional trading platforms employ will be needed. Privacy is considered a fundamental right by many individuals.
No sign-up KYC aligns with privacy principles and allows users to exercise their rights to control their personal information and protect their online activities from unnecessary intrusion. This will give Tradecurve the upper hand when comparing it to many of its rivals, such as E-trade and Coinbase, which still overlook this aspect of trading.
Gaining access to high-leveraged products can also be a problem for many traders worldwide, mainly due to regulation that limits it. However, Tradecurve solves this issue by allowing high leverage starting at 500:1. High leverage provides traders more flexibility in their trading strategies.
Traders can participate in larger market positions without tying up substantial amounts of capital, allowing them to diversify their trading activities and explore various opportunities simultaneously.
Those choosing to support this up-and-coming market disruptor are now buying its native token, TCRV, which is now in Stage 4 of its presale and has a value of just $0.018. This value is a 20% increase in the last week as Stage 3 ended. Tradecurve has also introduced many perks for holders, such as governance, staking rewards, and discounts on subscription fees to incentivize purchases.
For those worried about security, Tradecurve will also implement 2FA security options, a Proof of Reserves (PoR), its team KYC audit has been done by Assure DeFi while the token smart contract by Cyberscope.
With projected gains of up to 100x after its launch and subsequent listing on Uniswap or a notable CEX, investors have been flocking to this presale as only 40% of the 1.8B tokens will be available, and demand is high.
If you wish to purchase this potential chart-topping token, sign up for the presale below and obtain a 25% deposit bonus.
For more information about the Tradecurve presale:
