Has Algorand peaked? Meanwhile, Tradecurve presale exceeds expectations
The Securities and Exchange Commission (SEC) recently classified some cryptocurrencies, including Algorand (ALGO), as securities. Many believe that Algoand is yet to reach its true potential, and the SEC claiming it as a security have some investors worried. Experts have declared that Tradecurve has much better growth potential as it has a great use case and real-world utilization. Below we will discuss cryptocurrencies and why we should have a place within your portfolio.
Tradecurve (TCRV): Presale completed in less than ten days
Tradecurve is an exciting and innovative trading exchange that allows users to trade cryptocurrencies, stocks, forex, and commodities worldwide from a single account. The exchange was created to reach a simple goal, remove entry barriers and introduce people to an utterly borderless exchange.
With Tradecurve, you have zero need for fiat, with customers depositing crypto and using it as collateral to trade derivatives without going through strenuous KYC processes associated with most centralized exchanges.
To open an account with Tradecurve, users simply need to register with their email, determine which cryptocurrency they want to deposit and can begin trading crypto, stocks, forex, commodities, OTC derivatives, and indices instantly.
Tradecurve is set to be one of the best aggregators out there thanks to its permissionless interface, its native utility token, $TCRV, will power the entire ecosystem allowing holders to several benefits such as; copy trading, automated trading, and staking to generate passive income, access to trading academies via the metaverse, lower subscription, and trading fees and that’s just to name a few.
Tradecurve is still in its infancy but with an expert development team behind the exchange, analysts believe it will rival the likes of Binance over the coming months and years, leading $TCRV to become a sought-after token with many believing a 40x rise in value is modest.
Regarding safety and stability, Tradecurve’s development team has stated that team tokens will remain locked for three years and the liquidity pool for two years meaning there is virtually no opportunity for a rug pull. That’s not all; the smart contract has also been completely audited by CyberScope, and a team KYC was completed by AssureDeFi.
The presale has completed its first stage selling 28,000,000 tokens in less than ten days. The current price of $TCRV is $0.01 but is set to increase with phase two now being released. With real-world usage and innovation at its core, experts have marked Tradecurve as an excellent opportunity for investors to generate a high-yielding return, with many believing $TCRV’s value could be 100x over the coming months.
Algorand (ALGO): ALGO Value Falls After SEC Mentioned It
The same day the SEC listed Algorand as a security, the value fell by about 4% to $0.22. The involvement of the SEC with any crypto tokens is not usually well taken, and the same thing is happening with Algorand (ALGO).
The claims of the SEC triggered negative sentiments towards ALGO last week. Still, the token has since rallied and even pumped after Algorand Foundation revealed that it had deployed 36 million ALGO to Algorand’s native lending markets, options vault, and liquidity.
According to Algorand, the purpose of this move is to contribute to the ecosystem’s liquidity and support TVL growth. After news of the deployment went live, the Algorand (ALGO) token quickly showed positive reactions on the Algorand TVL.
Unfortunately, that was the only area that showed any significant increase. The network’s fees, revenue, and token price plummeted over the past month and did not enjoy the same growth.
The Algorand token registered a double-digit decline in the past week. At the time of this writing, ALGO is trading at $0.1892, and its confidence is very low.
For more information regarding Tradecurve’s Presale, see the links below: