August 2nd, 2023 at 12:00 pm UTC · 3 min read
When the crypto market crashes, hype-based projects become the worst sufferers because they do not have any real-world utility. Therefore, projects like Decentraland (MANA) and Floki Inu (FLOKI) have nosedived severely. Meanwhile, a new project, Tradecurve (TCRV), has taken center stage among growing cryptocurrencies.
The project, which is currently in its presale phase, is expected to give a 100x profit to its early investors.
As the 2023 Metaverse Pride event by Decentraland is nearing, the hype around MANA is getting stronger. Decentraland (MANA) will organize the event, which celebrates the ardor of the LGBTQIA+ community, from June 27 to June 29. Since the announcement of the event, Decentraland has witnessed an increase in the number of unique active wallets (UAW).
The number of transactions on Decentraland has surged by 69% in the past month. However, these growth metrics have failed to positively influence the price of Decentraland, which has crashed by 33% in the last 30 days. Consequently, a Decentraland token is currently available to trade at $0.33.
According to experts, eToro’s announcement of delisting Decentraland from its platform has been a primary reason behind MANA’s recent fall.
Despite introducing several updates, and forging new partnerships, Floki Inu (FLOKI) has failed to maintain its growth achieved in the past month. The price of Floki Inu has tanked by 34% in the past month.
As a result, Floki Inu’s current market value has tumbled to $0.000022. Floki Inu’s latest announcement of Binance’s decision to add FLOKI to the Metaverse section has not been able to support its price trajectory.
Besides, Floki Inu’s recent partnerships with AliExpress and Binance Pay have failed to make any impact. The latest data from IntoTheBlock has revealed that 87% of Floki Inu holders are suffering losses at press time. Subsequently, investors have become jittery about Floki Inu.
Tradecurve (TCRV) is a state-of-the-art Web3 exchange that enables users to trade multiple assets. In addition to cryptocurrencies, it allows trading in several markets, including Forex, OTC derivatives, bonds, ETFs, and more.
The platform provides traders with a VIP account service and negative balance protection. The user index for cryptocurrency in 2021 revealed that more than 97% of crypto owners have confidence that the industry will boom in the coming years.
Therefore, the volume of crypto trading is bound to increase, and Tradecurve has been projected to capture the largest market share.
Privacy-conscious crypto users have rushed toward this new platform as it does not have any KYC procedures. On the other hand, centralized exchanges, like Huobi and Coinbase, have been criticized for infringing upon users’ sensitive information.
During the ongoing stage 4 of its presale, one TCRV token is available for $0.018, which was just 0.01 at the beginning. The tokens’ price is expected to climb 50x during the presale round; hence, locking TCRVs now can fetch enormous returns.
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