Compound Coin Price Volume Suffers, Tradecurve Aims for a Piece of a $632T Market

CryptoNewsFlash

2023-07-13 14:09:00

The crypto market is going towards a rough phase for some altcoins. Compound has seen a significant decrease in its trading volume, leading many to be bearish on its future price performance

In contrast, Tradecurve is an upcoming project that is dominating the charts. It enables entry into the $632 trillion global OTC derivatives market for anyone globally in a truly borderless way with its hybrid approach.

Compound (COMP) Suffers in Trading Volume

Compound introduced Encumber on July 6, 2023. This new mechanism of Compound is aimed at improving the concept of token allowances. Users are allowed to retain custody of their tokens while granting another address the exclusive right to transfer those tokens. This can become convenient for lending protocols as it removes the need for pooled collateral entirely.

However, Compound’s trading volume has suffered. In the last 24 hours, the volume decreased by 48.36% and is now at a total of $43,765,738

When we look at its value, Compound was trading at $53.42 on July 8, 2023. In the past week, Compound’s low point was at $51.67, with its high point at $69.12. Overall, its price increase in the last seven days was by 2%, and Compound decreased by 4.9% in the last 24 hours.

Tradecurve (TCRV) Enters $632 Trillion Global OTC Derivatives Market

While Compound is decreasing in trading volume, another project enters a $632 trillion global OTC derivatives market, and that’s Tradecurve. TCRV has been one of the best-performing cryptos over the last month, and from an initial price of $0.010, it’s not trading at $0.018 per token. This means that the earliest Traedcurve investors saw an ROI of 80%, but it won’t stop here

Counting on this bullish outlook, analysts pointed out that during the next stage of its presale, Stage 5, TCRV can climb by 40%, sending its price at $0.025 or even above during July. Those aiming at getting the highest returns will want to jump into the token during Stage 4 of its presale.

How Tradecurve Is The Next Dominant Platform in DeFi

The Tradecurve presale has already raised $2.8 million, and 14,500 users have signed up, even before its launch. This bullish outlook for TCRV is the result of massive interest in the platform, which has the potential to completely change the trading scene for the better

By combining the best elements of CEXs and DEXs, Tradecurve offers high liquidity whilst also enabling users to retain their privacy, get access to transparency, and the lowest fees in the industry

Why Traders are Migrating Towards Tradecurve

Other notable features behind Tradecurve made it a favorite among traders. They include its high leverage trading beginning at 500:1, protection against negative balances, AI-driven trading bots, VIP account , and ious bonuses with VIP status

TCRV is used for governance, for discounts and can be staked to supply investors with an additional source of passive income

With a potential jump in its value of 100X at launch, according to analysts, Tradecurve represents the next potential hidden gem that any investor should add to their portfolio.

Get information about the Tradecurve presale at the links below:

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Click Here To Buy TCRV Presale Tokens

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