While Solana (SOL) and Synthetix (SNX) shake under the bearish market, newcomer Tradecurve.io pre-sale continues to gain traction as investors now look for cryptocurrencies which are not susceptible to market sentiments.
Tradecurve continues to have a bullish outlook regardless of the current market conditions, providing investors with an excellent opportunity to purchase the upcoming pre-sale which analysts believe will reach 50x by launch.
According to the daily price chart, Solana’s (SOL) price is showing signs of bullish momentum after a tough battle with bears. While the price of Solana (SOL) is above the trendline, it still faces selling pressure.
However, a favorable PCE report could potentially trigger a run for Solana (SOL) toward the 200-day EMA. Solana (SOL) is still in bear territory after falling below the “bull line” last April. Despite attempts to break through, Solana (SOL) remains below the 200-day EMA due to the FTX crash.
Currently, the price of Solana (SOL) is trading at $22.48, representing a 3.70% increase in the last 24 hours and a 1.32% increase in the past week. From the data above, Solana (SOL) has underperformed compared to the broader Crypto Market.
Synthetix (SNX) was one of the DeFi protocols with the most prospects at launch. Synthetix (SNX) is building a decentralized liquidity provisioning protocol that can be connected to other networks. However, the market has not been so favorable to Synthetix (SNX).
Synthetix (SNX) has been following a descending resistance line since August 2022 and faced rejection on April 19th. It is currently trading near the $2.20 horizontal support level, which is critical for the asset. If the support breaks down, it could drop to $1.40.
On the other hand, a bounceback could push the price of Synthetix (SNX) toward the resistance line at $2.90. According to data from CoinMarketCao, the price of Synthetix (SNX) has increased to $2.43 today with a 24-hour trading volume of $36,224,842. Over the last 7 days, the price of Synthetix (SNX) has fallen by 10.12%.
Why analysts believe Tradecurve (TCRV) Pre-sale will be the next 100x Token
Tradecurve is an innovative hybrid exchange that has been capturing the interest of thousands of investors and rapidly gaining momentum. Unlike other crypto exchanges, Tradecurve offers a unique advantage by allowing users to trade forex, cryptos, stocks, and commodities from one account.
Platform users do not have to undergo KYC verifications allowing them to trade instantly and anonymously. Users simply register with their email addresses and connect their DeFi wallet to deposit their choice of cryptocurrency, which they can use as leverage to trade all traditional asset classes.
The Tradecurve ecosystem spans beyond the hybrid exchange as it includes a metaverse academy, a copy trading platform, automated trading, AMMs, and AI trading systems.
As an exchange built on the Ethereum network, the native token of Tradecurve $TCRV can be staked to earn passive income. Holding the token will also give users access to discounts and extra rewards including a VIP status with added benefits.
Currently, Tradecurve is in the first phase of its presale and the token is trading at $0.01 per. However, just 40% of the total tokens are available for purchase during the presale stage which aims to raise $20 million before the hybrid exchange is fully launched. Analysts and investors are looking at a 50x return once the presale has completed and a 100x return by Autumn, one thing is for certain any smart investor will be adding Tradecurve to their portfolio.
Find out more about the Tradecurve presale:
Buy presale: https://app.tradecurve.io/sign-up
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