The daily transaction volume on Dogecoin network saw a massive increase by over 8,220%, which contracts with its recent price performance. Litecoin also saw a jump in activity, and the price of Tradecurve has rallied, causing investors to pay a significant amount of interest to all of the projects. We will dive into each one of these projects individually to see how far they can climb.
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Dogecoin saw a staggering surge in its daily transaction activity at the beginning of the month. The meme-themed cryptocurrency that has one of the most loyal and enthusiastic communities jumped in activity where it saw a jump from 25,000 daily transactions to 2,08 million. This jump in activity left many investors and traders intrigued by the performance of the network. The surge was published by IntoTheBlock's Twitter page on May 31, 2023, but since then, Dogecoin has seen a decrease in value.
As of June 6, 2023, Dogecoin trades at just $0.066425. In the past week, it dropped by 8.9%, and in the last 24 hours alone, the Dogecoin cryptocurrency decreased by 7.3%. With this in mind, it is clear that a high network activity is not always an indication of high growth in the value of an altcoin, and Dogecoin is a representation of this.
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Litecoin experienced a bullish breakout at the beginning of the month. However, it has since then decreased in value. In regards to its weekly performance, Litecoin had its lowest point at $87.06, with its highest point of value at $96.97. As of June 6, 2023, Litecoin trades at $86.33.
Here we can see that, while Litecoin is still up 3.2% in the last 30 days, it's down 7.1% within the last week. In the last 24 hours, Litecoin also saw a decrease in its value by 6.7%. With this in mind, it is clear that Litecoin is at a volatile point in time, and if it manages to break past the $90 threshold again, it can head toward a bullish direction.
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Tradecurve surprised investors with a significant jump in value, where within the previous week, they received ROI of 25%. However, the growth has not stopped, as TCRV is currently at Stage 3 of its presale, where one token is worth $0.015, and only 40,484,667 tokens remain until its price increases by an additional 20%. What this means is that interest in Tradecurve has spiked, and with its technological advancements, it can become a main competitor to centralized alternatives like Kraken, Binance, OKX, and others.
The proprietary platform has been built with the objective of enabling traders access to trade a diverse range of asset classes, from cryptocurrencies to CFDs, forex, indices, options, ETFs, and bonds, all through a single platform. Moreover, users are not required to complete a KYC procedure and can instead just deposit crypto and use it as collateral when trading.
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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.