Algorand (ALGO) and Monero (XMR) may have once enjoyed tremendous gains, but those days are long gone, as they are both showing bearish charts. As this downtrend is predicted to continue, more investors have shifted their focus to Tradecurve (TCRV) – a revolutionary project currently in its presale run with projected gains of up to 5,900%. Today we will compare how this crypto project will soon fare against these well-established tokens. Let’s begin!
Can Tradecurve Overthrow Binanace and Coinbase?
With a $7.5 trillion daily trading volume, the FX market is the world’s biggest single market. Tradecurve (TCRV) hopes to shake this industry to its core by establishing a hybrid trading exchange where users may trade FX, stocks, cryptocurrency, and more – on a single account while utilizing cryptocurrency as collateral
Tradecurve has the potential to rival Binance and Coinbase – two prominent exchanges as they both offer investors access to crypto assets only, while Tradecurve offers crypto alongside derivatives. The projects focus on privacy whilst trading is what most traders demand but have never had the chance to obtain until now. Tradecurve will allow you to make trades completely decentralized and anonymously, giving you control of your assets and private keys.
Holding the native TCRV token will provide access to exclusive trading account perks such as discounts on trading fees, fixed income from staking and rebates on gas fees. The initial presale price for TCRV is $0.01, but the value is expected to increase to $0.60 by the time the presale concludes due to the high demand for the tokens.
If we look at the ICO of its rival Binance, which occurred in 2017 with a value of $0.11 but has since ballooned to $320, the Tradecurve ICO may yield the same gains as it provides more assets and features.
Algorand Price Prediction
In September, Algorand (ALGO) disclosed $35M in exposure to the Hodlnaut crypto exchange. Recently, Algorand (ALGO) stated that it opposes the exchange restructuring and wants Hodlnaut to be placed in liquidation.
Algorand (ALGO) has a value of $0.182 with a market cap of $1.3B, which is a fall of 0.37% in the past 24 hours. If we look at the weekly charts for Algorand (ALGO), we can see that the charts have also been red, with its price falling by 18% in the last two weeks.
The trading volume for Algorand (ALGO) has also decreased by 44% overnight and now sits at $40,142,477. Bears currently control Algorand (ALGO), with all technical indicators showing strong sell signals. With these charts in mind, experts predict that Algorand (ALGO) may soon sink to its support level of $0.168.
Monero (XMR) Price Analysis
Monero (XMR) has not been performing up to par recently, as its token value dropped by 5% in the past 14 days. Monero (XMR) has also lost nearly 33% of its year-on-year value. This could be attributed to many factors, be it the Dubai ban on privacy tokens like Monero (XMR) or a general downturn in the crypto market as a whole.
At the moment, Monero (XMR) is trading at $154.38, down 0.93% in the last day alone. The technical analysis for Monero (XMR) also paints a bearish picture, with both Monero (XMR) technical indicators and moving averages in red.
Due to all these factors, analysts remain long-term bearish for Monero (XMR) as it may fall below $150 by December 2023.
More Information On Presale Here
Buy presale: https://app.tradecurve.io/sign-up