Algorand has been one of the hardest-hit cryptocurrencies after being listed as a security by the SEC. In five days Algorand has lost almost 25% of its value, causing some investors to lose hope in what was once nicknamed the “Ethereum killer.”
The Graph has also experienced a steady price decrease, and its daily trading volume has more than halved as confidence in the project begins to decrease. But it’s not all bad news. Tradecurve is on the rise and is set for a 25% price increase as its latest presale stage sells out 60% of its supply in less than two weeks.
Agorand’s Price Crashes After Being Listed As A Security
Algorand is one of several DeFi projects that are being listed as a security, according to the SEC. This update has caused Algorand’s price to plummet by 18.24% in the last five days, marking a monthly decrease of 25.56%. At the time of writing, Algorand was trading at $0.1248 and its daily trading volume had decreased to $40 million.
Despite this decline, Algorand has announced its new 3.16.0-beta, which is designed to improve the project’s usability. The new beta will enhance overall performance and provide developer tools for building on the Algorand network.
One update that’s got many investors excited is the reduction of round time to 0.4 seconds. This will allow for faster Algorand transaction speeds, improve throughput, and increased responsiveness.
This update has helped Algorands price to increase by 0.73% in the last 24 hours, a sign that Algorand may be starting to recover.
The Graph Dips By 13%
The Graph is a leading provider of external data to blockchains, though its fully decentralized and, therefore, could face lawsuits from the SEC in the future. While it plays a crucial role in the DeFi ecosystem, The Graph is extremely difficult to regulate. As a result, The Graph has decreased in value by 13.04% in the last five days following the new SEC updates.
The Graph’s trading volume has also halved, suggesting that holders may be anxious about future regulation. This decline has caused The Graph’s market cap to decrease, almost going below $1 billion over the last few days.
In the past 24 hours, The Graph has continued to decrease in value by 1.42% taking its price to $0.1123. As a result, investors are unsure as to whether or not The Graph will recover in June, with greater uncertainty surrounding its performance.
Investors Are Diversifying Their Portfolios With Tradecurve
Investors previously holding Algorand and The Graph are now diversifying their portfolios with Tradecurve, an exciting new hybrid exchange that’s already taking the market by storm.
Tradecurve lets investors buy classic and DeFi assets from a single decentralized account without ever needing to pass intrusive KYC checks.
Alongside anonymous trading opportunities, Tradecurve offers fast order execution, negative balance protection, and educational features for investors to update their trading expertise.
The platform is compatible with most decentralized wallets and offers fast order execution for an optimal trading experience.
Tradecurve tokens, which will be used throughout the Tradecurve ecosystem, are selling at $0.015 during stage three of the project’s presale.
Its two previous stages sold out extremely quickly, and with another price increase on the way, experts believe that Tradecurve could increase 50x before its presale ends. This potential has put TCRV tokens in high demand, with less than 40% of stage 3’s supply remaining.
For more information about the Tradecurve presale:
Click Here To Buy TCRV Presale Tokens
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