The cryptocurrency market may be risky, but some recent developments have caught the attention of investors and analysts alike. This article will discuss the significant risk of Avalanche’s price hitting zero and the growing interest among analysts in the Tradecurve presale following an impressive 80% surge. Let’s begin.
Summary
- Avalanche is currently in a descending triangle pattern
- Market analysts foresee Avalanche dropping to $0 if the formation gets verified
- Tradecurve sees an impressive 80% surge during ongoing presale
Avalanche (AVAX): Could see a price drop to $0
Avalanche, a decentralized platform designed to enable the creation of custom blockchains and decentralized applications (dApps), has raised concerns after analysts claimed it is on its way to hitting $0. Over a year has passed since the Avalanche token began trading in what is known as the “descending triangle” pattern.
Avalanche has not yet verified the formation. If it does, the Avalanche token’s value is likely to fall to almost nothing. In the last month alone, Avalanche has fallen by 8%, and this bearish trend has continued. Currently, Avalanche is trading hands at $13.01 with a market cap of $4.4B, a decrease of 2.09% in the last 24 hours.
Moreover, its total value locked was slightly over $699 million on July 1, compared to a record of $11B in late 2021. With all these red charts, experts predict Avalanche may see further price drops soon.
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Tradecurve (TCRV): Gains global attention due to presale success
While Avalanche is facing its troubles, analysts are growing more enamored in the Tradecurve presale, which has already surged by 80% and raised over $2.8M – inching closer to its end goal of $20M. With high liquidity, slippage-free trading, low latency, and access to multiple asset classes, Tradecurve presents a borderless platform that combines the finest characteristics of centralized and decentralized exchanges.
According to a Bank of International Settlements report, the turnover in global forex markets reached $7.5T per day in April 2022. Tradecurve taps into this flourishing market and many more by allowing individuals from all over the globe to trade all derivatives on one account. And since Tradecurve does not require any sign-up KYC checks and allows cryptocurrency to be deposited as collateral – it could become a fan-favorite for millions of privacy-conscious traders.
Negative balance protection and a metaverse trading academy are only some features that Tradecurve offers. It is evident that traders are drawn in by these features as over 12,500 users have registered for Tradecurve up to this point. With plans of onboarding 100,000 clients within the first three months of operation, it could even overtake the likes of Gemini.
The native token of this platform, TCRV, is currently in Stage 4 of its presale and has a value of $0.018. This token will be the backbone of this platform, providing holders with governance, staking rewards, and trading fee discounts.
Based on Tradecurve’s low market cap of just $32M and a total token supply of 1.8B, market analysts foresee a 50x gain for the presale period alone and a potential 100x increase after listing on a note-worthy CEX. By following the links below, you will also obtain a 50% deposit bonus, so do not hesitate and sign up for the TCRV presale before its value surges.
For more information about the Tradecurve presale:
Click Here To Buy TCRV Presale Tokens
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