In a contrasting dynamic of success and struggle, Tradecurve has hit the $3 million milestone during a presale while established cryptocurrencies Fantom (FTM) and ApeCoin (APE) continue their downward trajectory. As we monitor these developments, the question remains: what’s next for these digital assets?
Tradecurve Reaches $3 Million Raised In Presale
Breaking barriers and redefining the trading arena, Tradecurve (TCRV) offers a unique platform for trading a diverse range of assets — cryptocurrencies, stocks, commodities, and forex — all from a single account accessible anywhere in the world.
This has proven to be a huge draw for the platform’s users, with the presale hitting its goal of $3 million just weeks into the launch. Tradecurve is well on its way to becoming one of the leading trading platforms in the cryptocurrency space.
Tradecurve’s standout feature is its anonymity and user security. By removing invasive KYC procedures, users can keep their identity and financial information private. Tradecurve also puts keys and assets into the hands of the users, making sure that no one has access to their funds but them.
Tradecurve is set to introduce a suite of cutting-edge features, including social trading, AI-assisted trading tools, an impressive leverage ratio of 500:1, and even a state-of-the-art metaverse trading academy.
To realize this grand vision, Tradecurve has initiated a presale event to raise the required funding. With a target of $20 million, if this presale event is successful, it will set the stage for Tradecurve to ascend the ranks and establish itself among the world’s top trading platforms.
More than $4 million has already been raised in the presale. This is with the crypto community snapping up TCRV tokens for $0.025 during the fourth phase. Analysts note that this strong start indicates a promising future for Tradecurve. Also, a move to $1.00 is not out of the question when TCRV hits exchanges.
Fantom (FTM): Examining the Factors Behind its Recent Downturn
Fantom (FTM) is one of the only distributed ledger projects to use Directed Acyclic Graph (DAG) technology. It is a fact that enabled Fantom to attain a remarkable market cap exceeding $1 billion within its first year.
However, the path hasn’t been consistently rosy for Fantom. The token has seen a significant plunge of 92%. It’s from the token’s all-time high of $3.48 to a current price of just $0.2754. The initial hype of Fantom’s DAG-based blockchain taking over the world has faded. Also, investors are now looking for signs of a recovery before reinvesting.
The outlook for Fantom doesn’t bode well as the price has just fallen below the $0.30 support line. Analysts note that the price floor for Fantom currently seems to be in the vicinity of $0.20. However, a recovery and subsequent rally would necessitate an aggressive adoption strategy and the formation of new partnerships by the Fantom team.
ApeCoin (APE): Analyzing the Causes for its Further Decline in Value
ApeCoin (APE) is a utility token of the ApeCoin DAO and the famous BAYC NFT collection that saw huge interest in 2021. The project ApeCoin offers holders exclusive rewards like limited edition merchandise and discounts on future purchases.
The ApeCoin token received massive hype early in 2022, with its value rising to $28 within a day. However, the price collapsed to $3.12 just two months later as the bearish market sentiment began to take hold.
The ApeCoin price slump has continued to fall each month, leading to a current price of just $2.00. Notably, ApeCoin has fallen out of descending triangle pattern, signalling further downside potential.
It’s also worth mentioning that the Bored Ape NFTs are also in free-fall. For example, Justin Bieber’s $1.3 million NFT is now worth $59,000 — a 95% decline from its all-time high.
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