Meme-based cryptocurrencies are historically extremely volatile and, as a result, have always represented interesting opportunities for traders and investors aiming to capitalize on their rapid growth or dip in value.
However, as of recently, Dogecoin has showcased patterns that indicate that it might be awaiting a new rally, while Floki has dipped and is facing risks of dropping to zero. Tradecurve, on the other hand, has showcased staggering growth, with a 20% spike in value as Stage 4 of its presale began.
Dogecoin To Experience a New Rally
On-chain data suggests that Dogecoin is in an ending diagonal pattern, with wave four peaking in November and the price heading downward ever since then.
There are two recent short possibilities, or reversal areas within the chart, and the latest highlight area was in a wave triangle, which is expected to bring further downside.
Dogecoin traded at a value of $0.061218 on June 15, 2023. In the last week, the low point for Dogecoin was at $0.059254, while the high point was at a value of $0.070618. The all-time high of Dogecoin occurred on May 8, 2021, at $0.731578, meaning that the cryptocurrency now trades 91.63% under this value.
In addition, within the span of the previous 30 days, Dogecoin has been down 15.2%, with a dip of 10.5% in the last week alone, indicating that investors should be cautious.
Floki Price Moving Towards Zero
Floki has showcased a picture that has worried investors the most, as it has been only heading downwards into the red zone at a rapid pace with no signs of recovery in the near future.
As of June 15, 2023, Floki trades at just $0.000021. In the past week, the low point for Floki was at $0.00002064, while the high point was at $0.00002757. Floki reached its all-time high on November 4, 2021, at $0.00033651, indicating that it now trades 93.76% under that value. Meanwhile, in the last 30 days, Floki is down 38.5%, with a decrease of 23% in the past tweak alone.
Tradecurve Enters Stage 4 of Presale and Spikes by 20%
With the decreased momentum of both Dogecoin and Floki, investors are looking elsewhere for alternatives that can provide them with a more significant return of investment (ROI), and Tradecurve, the upcoming player within the online trading ecosystem, could be just the cryptocurrency they are looking for.
The TCRV token sent waves down the blockchain space as it transitioned from Stage 3 of its presale to Stage 4, indicating that there is genuine interest, and appeal behind it.
By holding TCRV, users get access to staking, governance, and discounts within its ecosystem. Moreover, Traedecurve was built with a privacy-centric approach, as it eliminates any KYC requirements or checks and lets anyone trade derivatives and crypto from a single account.
Now, after it increased by 20%, the TCRV token trades at $0.018, where at the next stage, its value will climb to $0.025.
Analysts are bullish about the future of TCRV and predict that it can climb in value to 100x when it launches. The team estimates that they can onboard 100,000 new members three months after it launches, and they will also be implementing Proof of Reserves (PoR) to bolster transparency.
For more information about the Tradecurve presale:
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