Two popular names that have held the spotlight in the cryptocurrency industry for a long time, Uniswap (UNI) and Binance Coin (BNB), have done so thanks to their unique set of features and significant price gains.
However, their prices have taken a long-term downturn, causing them to lose their appeal to investors. A new contender, Tradecurve (TCRV), has now emerged and is seeking to challenge their dominance and capture the attention of the crypto community.
Despite Binance Chain's Greenfield maintenance update on June 25th, its native token, Binance Coin is still under bearish sentiment. The SEC's lawsuit against Binance at the beginning of June affected Binance Coin's price causing it to plummet from $330 to approximately $225.
As of today, CoinMarketCap data shows that Binance Coin is trading at $238.01, a decrease of 1.40% in price over the past 7 days. Although the token's price has increased by 1.5% today, the platform's trading volume has plunged, increasing the likelihood of a prolonged downtrend.
Furthermore, several indicators paint a bearish picture. Binance Coin's 1-week price volatility has sharply decreased, and the number of daily active addresses has plummeted, suggesting a prevailing negative sentiment.
Uniswap, a prominent player in the DeFi space, has recently experienced a bullish surge driven by the highly anticipated V4 upgrade. The token's price climbed from $4.48 on June 19th to $5.44 on June 26th, marking a significant rally.
However, despite the impressive price increase, there has been a recent downturn in network growth and user activity on the network. These metrics indicate a decrease in the overall participation and engagement of users within the platform. According to CoinMarketCap, Uniswap's trading volume has dropped by 54.31% in the last 24 hours to $94,383,488 signifying a drop in user activity on the platform.
The crypto community on Twitter has brought the new Uniswap protocol under the microscope, criticizing the performance and structure of Uniswap. This has fuelled a general migration of users away from Uniswap.
Amid the bearish sentiment surrounding Binance Coin and Uniswap, Tradecurve, a hybrid trading platform has emerged. It sets itself apart from exchanges like eToro and Kraken through its strong commitment to decentralization and user privacy, allowing investors to trade anonymously and have full control over their assets.
Additionally, Tradecurve also allows users to trade different markets such as stocks, indices, cryptocurrencies, commodities, and ETFs. This grants users unparalleled access to various investment opportunities. This unique set of features has fuelled an increased demand for the Tradecurve hybrid exchange.
Over the last few weeks, Tradecurve has recorded more than 12,500 new users. The project is currently at the fourth stage of its presale available, with its utility token available at $0.018 only. New investors have a great opportunity to join the Tradecurve train as the platform is offering a limited offer that will see investors claim a 50% bonus on all deposits until Monday, July 3rd.
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.