Technical analysis is vital in assessing market trends and making informed decisions when investing in cryptocurrencies. We investigated the technical analysis of two cryptocurrencies: Toncoin (TON) and Tradecurve. By analyzing historical price patterns, indicators, and market trends, we aim to provide insights into the potential price movements of these coins.
Summary
- Toncoin under bear control
- Toncoin price prediction
- Tradecurve expected to see a 40% hike
Toncoin (TON): Evaluating the Trend
Toncoin is a cryptocurrency that aims to enable fast and scalable decentralized applications through its blockchain platform. Recently, a new smart contract named “The Locker” has been developed to boost Toncoin user participation. Following this news, the crypto community started gaining more interest in Toncoin.
At the moment, Toncoin is trading hands at $1.38 with a market cap of $4.7B, which is a rise of 1.01% in the last 24 hours. However, the trading volume of Toncoin paints a different picture, as it fell by 28.62% in that same period, sinking to $5,714,258.
Not only that, but the technical analysis of the coin also tips the scales in favor of sellers, as both its moving averages and technical indicators are in red. Because of these factors, experts forecast a drop to its support level of $1 for Toncoin soon.
Tradecurve (TCRV): Analyzing Price Movements
One presale project that has been making headlines recently is Tradecurve. It is a unique trading platform with a hybrid infrastructure model that combines the best features of centralized and decentralized exchanges. This presale is a tremendous achievement as it provided early buyers an 80% return on investment and raised $3.2M.
This level of interest is rarely seen in the cryptocurrency market. It is causing analysts to be bullish about this game-changing trading platform. They believe that Tradecurve has the potential to overtake Binance, as it possesses features that its rival lacks.
The ability to trade all derivatives on one account is one of them. This will eliminate the need to juggle multiple accounts, significantly streamlining the trading process.
Tradecurve also greatly emphasizes privacy as it does not require any sign-up KYC checks. It simply creates an account using a working email, connects it to a crypto wallet, and uses your crypto as collateral. Now millions of privacy-conscious traders will have a haven for trading as they do not have to divulge personal information.
In addition, a copy trading feature that enables users to duplicate trades from other users by subscribing to them and high leverage starting at 500:1 have already caused 15,000 users to register for Tradecurve.
This platform’s ecosystem will be fueled by its native token, TCRV, which provides holders with governance voting rights, access to VIP status, staking rewards, and more. Buyers are intrigued by these perks and are flocking to the presale, which is now in Stage 4, where one TCRV token costs just $0.018.
However, this price will not remain forever as Stage 5 is expected to begin before the end of July – triggering a 40% value rise. With this momentum, experts are confident that TCRV can surge by 50x before its presale ends. Do not miss out; sign up for one of the biggest crypto presales in 2023.
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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.