The cryptocurrency market is volatile, with prices often experiencing significant fluctuations. Recently, two cryptocurrencies, Chiliz (CHZ) and Stacks (STX), have faced price struggles, while Tradecurve (TCRV), which is in its public presale run, has been making waves with its expectation of a potential 100x price increase. Keep reading as we will delve into the challenges Chiliz and Stacks face and explore the optimistic outlook surrounding Tradecurve’s projected growth.
Summary
- Chiliz (CHZ) on a downtrend
- Stacks (STX) may not withstand bear pressure
- Tradecurve (TCRV) could see tremendous growth
Chiliz (CHZ) down by 21%
Chiliz (CHZ) is a blockchain-based platform specializing in sports and entertainment fan engagement. While Chiliz gains significant attention and popularity during major sporting events, its price has faced challenges recently. In the last 30 days, Chiliz has dropped by 21%, and that downtrend appears to be continuing.
Currently, Chiliz is trading hands at $0.1001 with a market cap of $700M, which is a rise of 0.40% in the past day alone. However, the 24-hour Chiliz trading volume paints a different picture, as it decreased by 33% and now sits at $20,238,169.
The moving averages for Chiliz also show sell signals, which could be a bad omen for its future. Due to this, experts predict that Chiliz could drop to $0.086 soon.
Stacks (STX) unable to maintain positive momentum
Stacks (STX) is a cryptocurrency that enables smart contracts and decentralized applications on the Bitcoin network. Despite its innovative approach, Stacks has encountered price challenges in recent times. Like Chiliz, the Stacks value has experienced a loss of 16.7% in the last month.
Although Stacks currently has a value of $0.6079 with a market cap of $840M, which is a rise of 0.85%, analysts believe this will be short-lived. They attributed this prediction to the trading volume of Stacks, which has decreased by 37.58% overnight and now sits at $23,323,286.
This fact, combined with a technical analysis that paints a bearish picture with its technical indicators and moving averages showing strong sell signals, makes Stacks holders look elsewhere for long-term profits as this token may drop below $0.60 very soon.
Tradecurve (TCRV) is on its way to a 100x increase
While Chiliz and Stacks have faced price struggles, Tradecurve (TCRV) has generated significant attention, with many experts forecasting a potential 100x price increase. Tradecurve strives to become a fan-favorite trading platform for millions of traders worldwide. It aims to achieve this by creating one of the few trading platforms allowing users to utilize cryptocurrency as collateral while trading stocks, forex, commodities, and cryptocurrencies on a single account.
Another differentiating factor that gives Tradecurve the competitive edge is that it will not implement any sign-up KYC checks, giving individuals the necessary freedom and privacy to trade. And since it will be built on the Ethereum blockchain, its decentralized nature will provide asset control to traders while removing any middlemen, drastically reducing trading fees.
With features including copy trading, where users can replicate what veteran traders do for a subscription fee, high leverage starting at 500:1, and much more, Tradecurve will offer exciting features for experienced and beginner traders.
Investors who wish to back this platform can now do so by purchasing its utility token, TCRV, which is in Stage 3 of its presale and has a value of only $0.015. Analysts predict that TCRV may see a 50x increase as the presale continues and a 100x jump when the token is launched and listed on a major exchange like Uniswap.
As a reference point, they place the Huobi ICO, which began in 2018 with a value of $1.52 but quickly saw its all-time high of $39.81. The Tradecurve ICO has the growth potential to match or even surpass this peak faster, as it will solve many issues that Huobi faces. Because of this, more investors are gravitating towards what may be the most promising investment option of 2023 – Tradecurve.
For more information about TCRV presale tokens:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
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