Despite the efforts of the broader digital currency ecosystem to break out of the bear zone, Stellar (XLM) is still struggling to reach its all-time high after years of bearish price moves. Meanwhile, Tradecurve, one of the top performing players in the crypto market, raised more than $2.8 million in its first month of presale.
Stellar (XLM) still in red
Stellar emerged in 2014 as a decentralized peer-to-peer (P2P) payment network focused on efficiency. Despite the strategic growth and integrations, scaling remains a prominent challenge for the protocol, impacting the price of its native token, XLM.
Stellar is currently about 87% below its all-time high of $0.9381, which was reached about five years ago. However, the network has recently made notable partnerships in the cryptocurrency space. Coinbase recently announced that it has integrated support for USDC on the Stellar network. The network also partners with Moneygram, a payment company.
Despite these partnerships, trading volume on the Stellar network remains relatively low. In the past 24 hours, trading volume is down 5.83% from the previous day, indicating a recent decline in market activity.
Conversely, the current price of Stellar (XLM) is $0.115248, up 12.10% in the last 24 hours. Notably, the token trades above its 50-day Simple Moving Average (SMA) of $0.088018 and its 200-day SMA of $0.088783. The value of the Relative Strength Index (RSI) currently stands at 72.58, indicating more price gains for XLM.
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— Tradecurve (@Tradecurveapp) June 29, 2023
Trade curve (TCRV) on rising movement above 2.8 million
Tradecurve is an innovative hybrid trading platform that aims to revolutionize the way users trade derivatives, enabling traders to use crypto and collateral to trade various assets such as forex, stocks, indices, ETFs, commodities and cryptocurrencies.
During the pre-sale phase, the platform generated significant interest within the crypto community, raising more than $2.8 million. This achievement serves as a remarkable milestone, demonstrating the confidence and interest investors have in the potential for success.
Tradecurve will use the funds to develop the platform, making it a worthy competitor to top exchanges such as Binance, Gemini, and Coinbase. Tradecurve is building the first exchange where users can trade Forex, Stock and Commodities market assets all from one account. They will be able to do this while using crypto as leverage.
To address the recurring issues of centralized exchanges, Tradecurve has a strong commitment to preserving user privacy. By eliminating the time-consuming KYC requirements during the registration process, the platform allows traders to create an account using their email addresses only.
This innovative approach allows users to enjoy the anonymity inherent in cryptocurrency transactions and has attracted a slew of new users to Tradecurve, making the TCRV optimistic.
While the early adopters have also seen an 80% increase in the token’s initial price, the biggest price gains for TCRV are yet to come, with experts predicting up to a 50x price increase before the end of 2023. tokens, the platform’s native token, for just $0.018, with a 50% deposit bonus available from now until July 3rd.
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