Solana: A Potential Competitor to Ethereum
Solana, initially introduced as a potential competitor to Ethereum, garnered significant attention in the cryptocurrency industry as a promising blockchain platform. However, the platform’s association with the now-bankrupt cryptocurrency exchange, FTX, and network shutdowns in 2022 impacted investor confidence, subsequently influencing the price of its native token, SOL.
Solana Showing Signs of Recovery in 2023
Despite the challenges faced in the past, SOL prices have shown signs of recovery in 2023, leading the Solana community to anticipate further price gains. Concurrently, the token of Tradecurve, a new decentralized finance (DeFi) exchange, could surge in its ongoing presale.
Solana Price Prediction and Resistance Level
Solana’s price rose and closed above the resistance at $21.10. However, this upward movement was relatively brief, and the token has since consolidated around this level. SOL is trading at $21.67, adding 0.46% in the past 24 hours.
Bears have tried to force SOL prices lower, but the bulls are resilient. If the bulls can keep the SOL prices above $21.5, that is, the 50-day SMA, SOL may rally to $24 and even retest the $26 level in the coming days.
Moreover, if SOL bulls hold on and double down, the coin may soar to as high as $30.
Conversely, if the SOL falls below this critical price level, it may drop to as low as $18.70.
Tradecurve: Leverage Rising Interest in DeFi
As the expectation for Solana’s price to increase continues, the decentralized finance (DeFi) exchange, Tradecurve, strategically positions itself to leverage the rising interest among traders and investors in cryptocurrencies and other derivatives.
Tradecurve Price Rallies Amid Presale
The token of Tradecurve, a decentralized trading platform, recently surged amid the ongoing presale, indicating growing interest and potential in the platform.
Tradecurve is actively developing a hybrid exchange that aims to differentiate itself from other platforms, such as Huobi and OKX, in various aspects. The exchange intends to offer a unique selection of tradable assets, incorporate features like copy trading and AI trading, prioritize security and privacy, emphasize decentralization, and facilitate anonymous trading.
Multiple factors have contributed to the price surge of TCRV, Tradecurve’s utility token. Firstly, there has been increased concern over security and data breaches. Coinsquare and Binance have been hacked before, leading to the loss of assets.
Tradecurve also promises users privacy as it eliminates the need for know-your-customer (KYC) checks during sign-up. It offers negative balance protection, and traders can use cryptocurrencies as collateral, making it an attractive option for investors. Tradable assets on Tradecurve include stocks, commodities, CFDs, Forex, and more.
TCRV is available for $0.015, and Tradecurve offers a 25% deposit bonus on each purchase. Investors can consider examining TCRV due to the significant size of the over-the-counter (OTC) derivatives market, which amounted to $632 trillion as of June 2022.
