The Shiba Inu cryptocurrency showcased signs of recovery within the short term. However, it has largely remained within a consolidation range ever since June 10, 2023. The range formation followed a sharp drop and is now testing the cryptocurrency’s two-year low at the $0.000005 range. In contrast, an upcoming project known as Tradecurve outshined its competition with an increase of 20% in the last week alone.
Shiba Inu Going Through a Consolidation Range
The value of the Shiba inu cryptocurrency is heading in a downward direction, and this can be attributed due to the lack of interest in its ecosystem within the past month.
The native DEX built within the Shiba Inu ecosystem, Shiba Swap, saw a decline in its Total Value Locked (TVL) from $25 million on June 1 to $22.15 million as of June 19, 2023. This movement highlighted the liquidity squeeze and the lack of investors interested in projects utilizing the Shiba Inu cryptocurrency.
On June 19, 2023, Shiba Inu traded at $0.0000071. During the last week, the low point for Shiba Inu was at $0.00000652, while the high point was at $0.00000744. In the past month, Shiba Inu decreased in value by 18.8%, while in the last two weeks alone, it was down 16.4%. However, during the previous week, it went up 7.6%. Shiba Inu’s future is uncertain, and investors have begun diversifying.
Tradecurve Can Grow 100x In Value Based on Technical Analysis
While Shiba Inu has worried investors with its recent performance, and the underwhelming decline in interest surrounding Shiba Swap, many investors are looking for an alternative.
The upcoming Tradecurve exchange has gained a lot of attention and is currently seeing a lot of success during its presale run. This can be attributed due to its unique value proposition, as it combines derivatives and crypto trading in a single platform.
A key factor that is the driving force behind Tradecurve’s growth potential is its privacy-focused approach. The exchange eliminates all sign-up checks and ensures an entirely private trading platform. Users from across the globe can trade all derivatives from a single account just by opening one with an email, linking their crypto wallet, and making a deposit.
Tradecurve differentiates itself from other exchanges as its the most private trading environment on the market, and anonymous trading is possible, encouraging traders with a high level of freedom. Anyone on a global scale is accepted, and it has some of the lowest fees in the industry.
Not only that, but Tradecurve also offers access to high leverage starting at 500:1 so that trades have amplified profit opportunities. Features like copy trader also let beginners copy trades from the most experienced traders by replicating their success, and this occurs through a subscription-based system.
There is also an implementation of Proof of Reserves (PoR) that further instills confidence in the platform. From the Trading Academy to the advanced trading features and simple user experience, Tradecurve is positioned to capture a significant share of the overall trading market.
During Stage 4 of its presale, TCRV saw an increase in value of 20% and now trades at $0.018. The TCRV token is used for governance voting and discounts on subscription fees and can be staked to enable anyone to earn passively.
With all of this in mind, analysts believe TCRV can grow in value by 50x during the presale and by 100x at launch when it gets featured on Tier-1 exchanges and on Uniswap.
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