Dogecoin
Meme Coins Have Shown High Risk – Dogecoin (DOGE) And Shiba Inu (SHIB) Investors Looking Towards Tradecurve
If you are looking for massive and stable profits, Tradecurve is a project you must not miss out on. According to experts, presale investors of this project can get 100x profit by the end of 2023 because it has multiple real-world utilities that make it sustainable for long-term growth. Meanwhile, fading mania and increasing risk factors around meme coins have prompted investors to maintain a distance from Dogecoin (DOGE) and Shiba Inu (SHIB).
Dogecoin (DOGE) Lose Growth Steam
Dogecoin (DOGE) has faced severe competition from new meme tokens like Pepe Coin, which has captured a significant market share in recent weeks. Dogecoin’s (DOGE) popularity has declined, and its performance on social metrics has plummeted.
According to the data from LunarCrush, social mentions of Dogecoin (DOGE) have dropped by a staggering 72% in the past month. Bearish sentiments around Dogecoin (DOGE) have also intensified by 75%. Hence, investors are less willing to invest in Dogecoin (DOGE) due to the meme coin’s negative outlook. Subsequently, the price of Dogecoin (DOGE) has tumbled by 7% in the past 30 days. Currently, Dogecoin (DOGE) is trading at $0.0726.
Shiba Inu (SHIB) Faces Liquidity Issue
Fear has grasped the crypto market after some reports sparked speculations that the Shiba Inu (SHIB) ecosystem is facing a liquidity squeeze. The speculation ran rife after the data from DefiLlama revealed that the TVL of ShibaSwap, the native DEX of Shiba Inu (SHIB), has plunged massively to just $25.16 million in May 2023 from $1.75 billion in 2021.
This indicates that investors are not adding volume to the smart contracts projects under the Shiba Inu (SHIB) ecosystem. Subsequently, the price of Shiba Inu (SHIB) has also suffered a fall in recent weeks. Shiba Inu (SHIB) has nosedived by 14% on the monthly price chart. As a result, Shiba Inu (SHIB) is changing hands at $0.00000867. However, Santiment’s data has suggested that retail Shiba Inu investors, who hold between 1 and 1,000,000 SHIB tokens, are increasing their balance.
Tradecurve Conquers New Growth Feat
Tradecurve is a first-of-its-kind Web3 trading exchange that not only allows the trade of cryptocurrencies but also indices, OTC derivatives, Forex, and more, without fiat payments. Interestingly, the OTC derivatives market alone sees transactions of $39 trillion daily. Therefore, experts are stunned by the growth potential of this new trading platform.
The platform respects users’ privacy; hence, it does not compel traders to go through a KYC verification. Meanwhile, other crypto exchanges like Upbit and Coinbase require users to share personal information during registration.
It is developing the beta version of its trading app that will be launched after the presale round. TCRV tokens will power the platform’s ecosystem, and traders can use the tokens to upgrade their accounts to VIP status.
The platform developers have also planned to launch the Academy, where new traders can take a course on trading techniques and strategies. A token is now available at $0.015, and its value is predicted to jump by 5000% during the presale. Tradecurve is projected to rake in $20 million during its initial coin offering (ICO), breaking records of Binance and other exchanges.
