Polygon price in red, PEPE surges, and tradecurve shows bullish patterns
The cryptocurrency market is known for its volatility and ever-changing trends. Recent developments have brought attention to the performance of polygon (MATIC), pepe coin (PEPE), and Tradecurve. While polygon is under pressure, PEPE is gaining momentum, and Tradecurve is showing promising bullish patterns. Let’s dive into the details and explore these developments.
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Polygon downturn
Polygon, a layer-2 scaling solution for Ethereum, is under pressure. The sell-off accelerated following the recent Securities and Exchange Commission (SEC) filing alleging that MATIC, Polygon’s native token, may be classified as a security. As a result of this news, MATIC prices fell.
Furthermore, Robinhood, a cryptocurrency exchange, is delisting several tokens, including MATIC, in response to SEC’s position on these assets.
Currently, MATIC is trading at $0.58, down 26% on the last day. At this valuation, its market capitalization stands at $5.3 billion.
With technical indicators and moving averages signaling bears, buyers are now exploring alternative options to recover their losses.
PEPE rising
The digital asset Pepe, associated with the popular internet meme character Pepe the Frog, has recently seen a 6% gain. This contrasts with the overall cryptocurrency market, which has been turbulent. The surge in Pepe’s price can be attributed to increased interest from meme enthusiasts and cryptocurrency traders.
As of March 8, 2023, Pepe is trading at $0.0000009099 with a market cap of $355 million. The trading volume for Pepe has also increased by 78.68% in the past 24 hours, reaching $235,504,948.
The price of Pepe may continue to rise as the selling pressure fades away. While there have been recent fluctuations in the cryptocurrency market, PEPE is holding on during the crypto storm, pointing to possible community support.
Tradecurve shows bullish patterns
Polygon prices are down while PEPE is rising. In contrast, TCRV, the native token of Tradecurve, a decentralized trading platform, displays bullish patterns, indicating positive market sentiment. These patterns suggest the potential for price appreciation in Tradecurve’s native token (TCRV) in the near future. It is noteworthy that TCRV, currently in stage 3 of its presale, is up 50% from its initial price, indicating positive growth prospects.
Tradecurve‘s bullish patterns can be attributed to its innovative approach, combining the features of centralized exchanges (CEX) and decentralized exchanges (DEX). This hybrid trading platform addresses common challenges traders face, such as high trading fees, limited access to advanced trading tools due to regulatory constraints, and the inability to trade multiple asset classes on a single account.
The decentralized nature of Tradecurve eliminates the need for third-party intermediaries, resulting in reduced commissions and benefiting all users. Additionally, Tradecurve allows users to leverage high ratios, starting at 500:1, and access automated and artificial intelligence (AI) trading bots with proven track records.
Tradecurve also offers a single account for trading all derivatives without requiring submission of personal details during sign-up as part of know-your-customer (KYC) checks. This distinguishes Tradecurve from traditional platforms like Binance and Coinbase, enabling users to utilize their cryptocurrency assets as collateral. Such an approach broadens the potential client base, facilitating international trade with fewer obstacles and restrictions.
At the heart of Tradecurve lies its TCRV token, currently valued at $0.015. Experts are bullish on the token’s prospects, expecting even more gains once the coin lists on a tier-1 centralized exchange (CEX). To support this claim, the KuCoin fundraiser is a relevant example. With a start price of $0.250, the token rose to n all-time high of $28.83.
Tradecurve can be a project investors can consider examing in 2023. Interested individuals can also participate in the ongoing presale.
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