Solana faces risks of further decline; Tradecurve is 20% up on the weekly chart
While Solana initially left investors optimistic with its rise to nearly $16 during the week, it risks further decline, as the chat data signifies a collapse into the red zone and a bearish trend to occur in the near future.
Tradecurve, on the other hand, has done the opposite and has managed to see an increase in its value by 20%, bringing optimism to investors and to the broader blockchain space. We will be analyzing both of these altcoins to see which one is more likely to rise in value again.
Solana To Face Further Decline in Value After Bearish Performance
When we review the Solana cryptocurrency’s performance, on June 19, 2023, it traded at $15.51. During the previous week, Solana saw its lowest point of value at $14.32, while its high value was at $15.96. Regarding the all-time high, Solana reached $259.96 on November 6, 2021, and now trades 94.06% under this point.
However, investors are worried about the future of this altcoin based on its recent performance. In the previous 30 days, Solana decreased by 23.6%, and in the last two weeks alone, it has been down 28.4%. Solana needs to break past $16 in order to achieve a bull run, but as things are looking now, analysts are skeptical that it will reach these heights.
Tradecurve Increases 20% On Weekly Charts
While Solana is down in value, the Tradecurve utility token, TCRV, has gained significant attention with its bullish performance. The cryptocurrency has grown stronger across the broader crypto market, as the price has consistently increased since its Stage 1 presale.
Now at Stage 4, 1 TCRV token is worth $0.018 and climbed in value by 20%. Tradecurve solves many of the issues in exchanges today, where OKX, Kraken, Binance, and Coinbase all feature high fees and have mandatory KYC requirements that completely eliminate any sense of privacy or anonymity for users.
They are also typically exclusively built for trading cryptocurrencies and restrict users from some countries from signing up. Tradecurve innovates by being completely borderless, where anyone from anywhere in the world can create an account, and alongside cryptocurrencies, it lets users trade derivatives.
The platform also bolsters transparency with the introduction of Proof of Reserves (PoR) and will enable anyone to enter the $632 trillion OTC derivatives space and the $7.5 billion daily turnover forex markets through it, where even if it captures 1% of the market, it will be worth millions.
From features like algorithmic trading with AI to negative balance protection, high leverage starting at 500:1, and a subscription model for copy traders, anyone can create value using Tradecurve. TCRV can also be staked to enable anyone to earn passive income, and it can be used for discounts and for governance. Based on all of this, analysts predict that it can climb by 100x at launch.
