Ethereum, unlike most cryptocurrencies, has enjoyed widespread adoption due to its smart contract capabilities which have made it a prominent player in the cryptocurrency space. Despite the growth of its blockchain, Ethereum holders are currently showing interest in another project, Tradecurve, which stands out among the crowd by offering innovative tools and features.
Ethereum (ETH) Whales On A Selling Spree, Price Dump Coming?
Ethereum price has remained below the $2,000 mark in the past few weeks while the threat of a potential downturn looms. Due to Ethereum’s correlation with Bitcoin, the altcoin could record huge losses if Bitcoin loses the $30,000 support level. Amid these developments, Ethereum whales are not optimistic about the token’s future even with the recent Shapella upgrade.
Santiment’s Supply Distribution chart reveals that whales have been actively offloading their Ethereum holdings since the beginning of 2023. Specifically, the number of addresses containing 100,000 to 1,000,000 ETH has decreased from 124 to 112, a drop of 9.67%. A similar pattern is observed with addresses holding between 10,000 and 100,000 ETH, which have declined from 1,187 to 1,135.
On the other hand, Ethereum has crossed the $1,920 resistance level. As of press time, Ethereum is trading at $1,937.74, a 1.26% price increase within the last 24 hours and a 3.78% price increase over the past 7 days. However, Ethereum investors are now hoping for a more upward trend above the $2,000 mark.
Tradecurve (TCRV) And Unique Set Of Features
Tradecurve is a hybrid trading platform that distinguishes itself from exchanges like Gemini and Kraken by prioritizing user privacy and decentralization. It allows investors to trade anonymously while maintaining complete control over their assets.
Compared to its competitors, Tradecurve blends the best elements of decentralized and centralized exchanges, providing traders with a borderless and private trading experience from anywhere in the world. Unlike platforms such as OKX and Robinhood, which focus solely on cryptocurrencies, Tradecurve offers access to a wide range of derivatives as trading options, all within a single account that requires no sign-up KYC checks.
With this unique approach, users can trade stocks, indices, indices cryptocurrencies, commodities, options, and ETFs, granting. This exceptional combination of features offered by Tradecurve has caught the attention of Ethereum holders as they flock to the platform.
Tradecurve (TCRV): TCRV Aiming For $0.025
Just like Ethereum, Tradecurve’s TCRV token is gaining significant traction as the crypto community eagerly awaits the next bull run. Over the past month, Tradecurve has exhibited a bullish trend, experiencing an impressive 80% price surge in June alone, reaching $0.018 per token.
Given the ongoing bullish momentum and the influx of new traders, analysts believe Tradecurve can surge by 40% in the coming weeks. This will propel the valuation of TCRV as high as $0.025.
Follow the Money
As Ethereum investors are selling their ETH stake, most have been buying into Tradecurve as it holds one of the biggest growth potentials. While a surge of 40% is possible within the next week, it doesn’t compare to the 100x price jump many analysts have predicted and is the major reason for ETH investors buying Tradecurve.
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