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Although Kusama started as a "Polkadot's wild cousin," the token has since lost its bullish momentum. Meanwhile, investors are hoping it will recover soon. As investors eagerly anticipate the future trajectory of Kusama's price, an emerging token called Tradecurve (TCRV) has taken the crypto space by storm with analysts predicting a 40% price surge on the way.
Kusama (KSM), the pre-production environment for Polkadot, features nearly the same codebase as Polkadot but is not nearly as successful in the market. However, despite entering the cryptocurrency market later than its top counterparts, Kusama has experienced notable milestones since its launch in December 2019 reaching an all-time high of $623.75 in 2021. Unfortunately, it has lost its steam in 2023 trading at $25.04, a 0.01% drop in the past 24 hours according to CoinMarketCap.
While the token has faced bearish pressure, there are signs of a recovery as it recently surpassed the 50-Day Simple Moving Average (SMA), although it remains below the 200-Day SMA at $30.50. Support levels for Kusama are at $23.93, $23.34, and the strongest at $22.38, while resistance levels are at $25.47, $26.44, and $27.02. In terms of price predictions, DigitalCoinPrice suggests that Kusama could reach a maximum of $52.62 by the end of 2023, a price rally of more than 100% of its current price.
While Kusama is currently struggling with bearish pressure, Tradecurve (TCRV) is gearing up for another price rally. After witnessing a price surge of 20% and reaching a new high of $0.018 recently, analysts are predicting a 40% price jump on the horizon. This has sparked excitement among investors, resulting in a growing number of buyers who expect the price of TCRV to at least top $0.025 within the next week.
There has been an increasing interest in Tradecurve because the hybrid crypto exchange is setting itself ahead of other crypto exchanges like Binance and Robinhood by offering unrestricted access to cryptocurrency and derivatives trading through a single account and eliminating the need for strict KYC requirements. This borderless platform allows traders worldwide to trade anonymously.
The platform's value is further increased by its addition of the unique feature of providing users with the option to subscribe to automated and artificial intelligence tracking bots. These bots execute trades more efficiently than manual trading by swiftly monitoring price movements, analyzing market conditions, and implementing trades based on predefined strategies.
By leveraging the efficiency and speed of these bots, investors and traders can seize trading opportunities and minimize risk more effectively compared to manual trading. Other notable features include high leverage starting at 500:1, a VIP account system, negative balance protection, Proof of Reserves (PoR), and copy trading.
Currently priced at $0.018 per token during its fourth phase of the token presale, the TCRV token has promising potential for further bullish price movements, supported by positive market sentiment and a range of other factors.
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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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 here.
