The cryptocurrency sector is a dynamic, ever-changing space filled with excitement and opportunities. Today, we will explore the recent developments in three well-known cryptocurrencies: Shiba Inu, XRP, and Tradecurve. Each of these coins has been making waves in the market, attracting attention from investors and traders. We will look closely into the latest updates, including the spike in Shiba Inu’s burn rate, XRP’s momentum gains, and Tradecurve’s significant breakout with a 25% price increase.
Summary
- Shiba Inu burn rate jumps by 261.54%
- XRP sees massive network growth
- Tradecurve presale to see a 50x jump
Shiba Inu (SHIB) burn rate increases
Shiba Inu, a meme coin inspired by the popular Dogecoin, has experienced a spike in its burn rate. Shibburn’s most recent information indicates that during the past 24 hours, the Shiba Inu burn rate has increased by 261.54%. This increase follows many days of declining burn rate. 23,950,200 Shiba Inu were sent to dead wallets in the previous 24 hours.
The recent increase in Shiba Inu’s burn rate indicates a growing interest in the token and a desire to create a more valuable ecosystem. This development has caught the attention of Shiba Inu enthusiasts, who anticipate its positive impact on the coin’s long-term prospects.
At the moment, Shiba Inu has a value of $0.000006766 with a market cap of $3.9B, a rise of 2.13% in the last day alone.
XRP (XRP) on an upward trajectory
The Ripple-related digital asset, XRP, has been gaining momentum lately. In the last 30 days, the price of XRP has jumped by 24.1%. This can be attributed to the fact that XRP, ETH, and BTC have been noticeably left out of recent court filings by the SEC.
Investors in altcoins are increasingly moving to the XRP ledger (XRPL) network out of worry about the US regulators’ assault on the cryptocurrency market. The XRPL Network Growth has dramatically expanded since June 1 began. In particular, it increased by 70% from 1,435 to 2,443 new wallet addresses generated between June 2 and June 12.
XRP is now trading hands at $0.5297 with a market cap of $27.5B, jumping by 1.89% overnight. Moreover, the technical analysis for XRP also paints a bullish picture, with its moving averages and technical indicators showing green.
Tradecurve (TCRV) to experience a breakout
While Shiba Inu and XRP are still worth watching, one project currently in its presale phase looks poised to have a 25% breakout – Tradecurve. This newcomer to the DeFi stage will become a market disruptor that allows traders worldwide to trade all derivatives on one account while remaining completely anonymous. Its decentralized nature will significantly benefit the platform as it will have low trading fees and self-custodial portfolio management, where users will have complete control over their assets and keys.
High leverage starting at 500:1, a metaverse trading academy connecting users with trading professionals, and algorithmic trading where users may subscribe to automated & AI trading bots are only some of the unique features that Tradecurve will implement.
Moreover, individuals can create an account on Tradecurve using a working email only. Afterward, they can just connect a crypto wallet to the account and make a deposit – resulting in cryptocurrency being used as collateral while trading. Tradecurve lowers the entrance hurdles for conventional trading platforms in this way.
Currently, the native token of this platform, TCRV, is being offered for only $0.015, but the presale is in Stage 3. A further jump to $0.018 is expected when Stage 4 begins, and since this stage is now 80% complete – this price increase will occur soon. Holding this token will bring governance voting rights, staking rewards, and access to VIP status.
Experts also point to Tradecurve’s ties to the OTC derivatives market, which had a notional value of $632T in June 2022, as they forecast a 50x growth for the TCRV token by the time its presale finishes. As Tradecurve looks to raise $20M during its presale and onboard 100,000 clients within its first three months of operation, its future looks bright, with some analysts even hinting it may become a top 3 global exchange – challenging the likes of Binance and KuCoin.
For more information about the Tradecurve presale:
