Home News Stand Avalanche price movement bearish, Tradecurve raises $3M in presale

Avalanche price movement bearish, Tradecurve raises $3M in presale

The cryptocurrency market has been abuzz with exciting developments, and one such notable event is Tradecure raising nearly $3M during its ongoing presale. In parallel, Avalanche has caused many investors to see losses as its value has plummeted recently. 

Today, we will dive deeper into the recent price movement of Avalanche and explore the remarkable achievement of Tradecurve’s presale, shedding light on the potential and growing interest in this potential game-changer.

Avalanche (AVAX): Continues dropping in value

Avalanche has been making significant strides in the cryptocurrency market. Recently, the price movement of Avalanche has been drastic, as it experienced a notable drop of 12.4% in the past month alone.

Despite considerable stimulation in the previous three weeks, Avalanche volume levels have remained modest. Additionally, Avalanche’s TVL was still far below the highest value in May 2022. Currently, Avalanche has a value of $12.81 with a market cap of $4.4B, a drop of 3.84% in the past day alone. The 24-hour trading volume of Avalanche has also shown red charts as it decreased by 14.64%, sinking to $121,026,794.

This bearish trend is predicted to continue from a technical perspective as both Avalanche moving averages and technical indicators display strong sell signals. This tips the scales in favor of sellers, which may cause the Avalanche price to drop to $12 soon. 


Tradecurve (TCRV): Shows an incredible presale performance 

Amid Avalanche’s price movement, Tradecurve has achieved a remarkable feat by raising $3M in its ongoing presale. This substantial funding indicates investors’ growing interest and confidence in the platform’s potential. Tradecurve is a unique trading platform offering all derivatives on one account. It combines the best features of CEX and DEX, such as deep liquidity, slippage-free trading, low latency, and fast order execution, to eliminate many issues plaguing the online trading sector. 

Because of their lack of transparency, several major cryptocurrency exchanges are beginning to lose the community’s trust. For instance, the recent FTX crisis has raised concerns about how exchanges manage customer funds. Tradecurve’s team has announced that it will implement its own Proof of Reserves (PoR) to eliminate this issue. 

This dramatically increases transparency and trust among traders and the platform itself, as no instances of mismanagement can occur. 

Since it will be decentralized, Tradecurve removes the need for third-party intermediaries – providing traders with all asset control and drastically lowering trading fees. And since high transaction fees are another problem that causes traders to lose some of their profit margins, Tradecurve could become the most desirable available platform. 

Also, privacy is a must in online trading as far too many instances where users get their identity stolen have happened due to data breaches. On Tradecurve, traders will not be obliged to undergo intrusive sign-up KYC checks. Instead, they can create an account using a working email, link it to a crypto wallet and make a deposit – essentially using cryptocurrency as collateral. With this method, traders from all over the globe can access stocks, forex, bonds, cryptocurrencies, and more while remaining completely anonymous. 

In terms of features, Tradecurve offers traders access to high leverage up to a 500:1 ratio thanks to its institutional level liquidity, a negative balance protection that prevents any account from going below zero, a copy trading feature, and more. 

The TCRV utility token will be the backbone of this platform and its ecosystem as it brings holders staking rewards, governance, access to VIP status, and discounts on trading fees. Currently, the TCRV token is only $0.018; each purchase comes with a 50% deposit bonus. However, this price will not be available for long as experts forecast a 50x growth by the time its presale finishes. 

They claim that TCRV is in high demand as millions of tokens have been sold already, resulting in $3M being raised to this point. With further price increases as a 40% surge is expected when Stage 5 begins, some analysts even claim that Tradecurve may raise $20M by its presale finishes. This will give Tradecurve the necessary backing to topple the likes of Huobi and OKX, so if you wish to back this potential top 3 global exchange – sign up for its presale now. 

 

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