Despite the broader digital currency ecosystem’s efforts to escape the bear zone, Stellar (XLM) is still struggling to reach its all-time high after years of bearish price movement. Meanwhile, Tradecurve, one of the top performers in the crypto market has raised over $2.8 million in its first month of its presale.
Stellar (XLM) Still In The Red
Stellar emerged in 2014 as a decentralized peer-to-peer (P2P) payment network aimed at efficiency. Despite its strategic growth and integrations, scaling remains a prominent challenge for the protocol, affecting the price of its native token, XLM.
Stellar is currently about 87% below its all-time high of $0.9381, which was achieved roughly five years ago. However, the network has recently secured notable partnerships in the cryptocurrency space. Recently, Coinbase announced that it had integrated support for USDC on the Stellar network. The network has also partnered with Moneygram, a payment firm.
Despite these partnerships, trading volume on the Stellar network remains relatively low. In the past 24 hours, the trading volume has dropped by 5.83% from the previous day, indicating a recent decline in market activity.
Conversely, the current price of Stellar (XLM) is $0.115248, a 12.10% price increase in the last 24 hours. Notably, the token is trading above its 50-Day Simple Moving Average (SMA) of $0.088018 and its 200-Day SMA of $0.088783. The Relative Strength Index (RSI) value currently stands at 72.58, suggesting more price increases for XLM.
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— Tradecurve (@Tradecurveapp) June 29, 2023
Tradecurve (TCRV) On Bullish Movement Raising over 2.8M
Tradecurve is an innovative hybrid trading platform that aims to revolutionize the way users trade derivatives allowing traders to use crypto and collateral to trade different assets like forex, stocks, indices, ETFs, commodities, and cryptocurrencies.
During its presale stage, the platform has generated significant interest within the crypto community, generating over $2.8 million. This accomplishment serves as a noteworthy milestone, demonstrating the confidence and interest investors have in its potential for success.
Tradecurve will use the funds to develop the platform, making it a worthy contender for top exchanges like Binance, Gemini, and Coinbase. Tradecurve is building the first exchange where users will be able to trade assets from the forex, stocks, and commodities market all from one account. They will be able to do this while using crypto as leverage.
To tackle the recurring issues of centralized exchanges, Tradecurve has a major commitment to preserving user privacy. By eliminating the time-consuming KYC requirements during the registration process, the platform allows traders to create an account solely with their email addresses.
This innovative approach empowers users to enjoy the anonymity inherent in cryptocurrency transactions and has attracted a ton of new users to Tradecurve, forcing bullish sentiments for the TCRV.
Although the earliest adopters also have seen an 80% increase in the initial price of the token, the biggest price gains for TCRV are still to come, with experts predicting up to a 50x price surge before the end of 2023. There is a great opportunity to purchase TCRV tokens, the platform’s native token, at just $0.018, with a 50% deposit bonus available from now till July 3rd.
To find more information about Tradecurve and the TCRV token, visit the links below:
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