Tradecurve gathers momentum while Avalanche and Filecoin bow to bearish pressure
Avalanche (AVAX) and Filecoin (FIL) are experiencing high volatility as their value begins to decline. While both underlying networks saw growth in their ecosystem and hosted numerous initiatives to expand their ecosystem, they have bowed to the bearish market pressure.
However, there are alternative projects currently in their presale stage that can dominate the Web3 space, and one of them is Tradecurve which is attracting investors seeking returns during this bearish market.
Avalanche (AVAX) expands the ecosystem but dips in value
The Avalanche (AVAX) ecosystem experienced a high level of growth, where the Avalanche Summit II, the annual conference behind the network, occurred from May 3 to May 5 in Barcelona. Then, the Avalanche network transitioned to Cortina through a mainnet upgrade, the latest version of the network. Ava Labs, the team behind Avalanche (AVAX), also launched the Evergreen testnet known as Spurce, and SK Planet, one of South Korea’s most significant information and communication technologies platforms, announced the launch of a dedicated Avalanche Subnet known as UPTN.
Despite the massive growth of its ecosystem, as of May 18, 2023, the AVAX cryptocurrency traded at $15.06. In the last 30 days, the cryptocurrency declined by 29.5%, and in the previous two weeks alone, it decreased by 11.7%.
Filecoin (FIL) sees a sizable monthly decline despite impressive on-chain stats
The Filecoin (FIL) team published the latest updates in the statistics surrounding its network’s growth, showcasing how 937 unique contracts got deployed on top of the FVM and how Filecoin (FIL) now features 3,559 storage provider systems. Additionally, over 425 organizations began building on top of the Filecoin network, with over 3,050 new projects entering the ecosystem and 13,900 contributors becoming active on GitHub.
While the Filecoin (FIL) ecosystem stats are okay, its value has declined. As of May 18, 2023, FIL traded at $4.57. In the last 30 days, the cryptocurrency saw a significant decrease in its value by 26.1%, and in the previous two weeks alone, it dipped by 14%, succumbing to the market’s downward pressure.
Tradecurve (TCRV) brings something exciting and innovative to the DeFi space
Both Avalanche and Filecoin have struggled to maintain their positions on the market and have seen a decrease in their value. A new platform called Tradecurve is showcasing a significant level of potential.
The TCRV token is the native cryptocurrency used across Tradecurve, a hybrid trading platform that will enable anyone to trade any cryptocurrency and derivative globally. The Tradecurve platform avoids the need for KYC and other lengthy registration processes by allowing users to deposit crypto and use it as collateral.
In addition, this provides users with complete anonymity, and the decentralized application (dApp) also features many financial products, unlike Coinbase, Kraken, or other exchanges that only specialize in cryptocurrencies.
On competing platforms, it is difficult for people to access leverage, and the Tradecurve team is aware of this. It will provide access to high leverage assets beginning from 500:1. While many of these terms might seem intimidating for new traders, Tradecurve offers a dedicated learning academy that will feature classes and guest speakers. Those too busy to learn how to do everything manually can also take advantage of the copy trading features.
Tradecurve is currently at stage two of its presale, and its token is currently priced at just $0.012. Only 40% of the total supply will be available during the presale. The token is expected to increase in value 50x during the presale stage, and experts even predict a rise of 100x once it launches on Uniswap or other tier-1 exchanges available.
TCRV, as a result, showcases significant potential and can be a rewarding cryptocurrency to any early investor.
For more information about the Tradecurve presale:
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