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After a week of rocky performance, analysts claim that Shiba Inu (SHIB) has a major limitation due to its lack of real-world utility, especially in comparison to projects such as Tradecurve (TCRV), which offer something unique to the web3 space. Join us today as we go over both of these projects to see how they stand out.
One of the major limitations surrounding Shiba Inu is that it virtually has no use for investors outside of a cryptocurrency exchange, and nothing stands out about the project in regards to the fees, transaction speed, or its structure. Shiba Inu did expand its ecosystem with Shibarium, and SHIB – The Metaverse is in development.
However, the platform has no unique features to compete with other Layer-2 solutions that are far more advanced and feature a much larger community. As of June 30, 2023, Shiba Inu trades at $0.00000758. During the past week, the low point for Shiba Inu was at $0.00000716, while the high point was at $0.00000808. In the past 30 days, Shiba Inu decreased in value by 11.5%.
Tradecurve is an upcoming hybrid exchange platform combining the best elements of CEXs and DEXs to enable users an opportunity to deposit crypto and use it as collateral to trade derivatives without the need to complete KYC requirements. In addition, it allows users to trade asset classes globally whilst also protecting their privacy with DeFi capabilities.
With its high leverage starting at 500;1, algorithmic trading with AI and other offerings, it is in a position where it can increase in value by 100x at launch, according to analysts, especially after it gets listed on Tier-1 exchanges and on the Uniswap DEX.
Tradecurve has already reached 12,500 signed-up users, which marked a major milestone, and the team expects to onboard 100,000 users during the first three months of operation. In addition, they have raised $2.8 million already, out of the anticipated $20 million. During the past week, TCRV, the utility token behind Tradecurve, increased in value by 20%. At Stage 4, it now trades at $0.018, and there is a 50% bonus on any deposit made until July 3, 2023.
The Tradecurve team aims to implement a Proof of Reserves (PoR) system to enable investors the opportunity to always be able to check if the exchange has enough to cover their balances, bolstering its trust and transparency even further.
In addition, Tradecurve is on a trajectory toward becoming a dominant force that can compete with giants like Binance, Kraken, and OKX. At the next stage, an additional surge of 40% is expected as the cryptocurrency will climb to $0.025. The total increase in value since its start has been by 80%, prompting a lot of interest.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
