Cardano’s total value locked (TVL) has reached new highs in 2023, increasing by a staggering 91.9% since the start of the year. Projects like the Minswap protocol are pioneering this growth, with new developments like Lance Wallet and Hydra designed to speed up adoption.
However, Cardano’s price is yet to replicate its growing ecosystem. With Cardano decreasing in price, trading volume is down. Consequently, Cardano holders are diversifying their portfolios with new projects like Tradecurve, which is expected to increase by 3000% in the next 3 months.
Cardano’s Price Struggles With A 9% Crash
Cardano recently announced that it hit a milestone of 500 million locked ADA, equal to $186.18 million. In May alone, Cardano’s TVL has increased by 8%, growing significantly faster than many of the market’s top competitors.
Nonetheless, investors remain extremely disappointed with their returns, with ADA tokens decreasing by 9.92% from April to May. This price decline has been linked to wider market trends, with Bitcoin decreasing from $32k to $26k in one month, causing the entire crypto market to decline in value.
As a result of its price decrease, Cardano’s daily trading volume has decreased to $151 million, making Cardano the 19th most traded crypto in the world. While this sounds impressive, Cardano is ranked number 7 in terms of market cap, which makes its trading volume relatively low in comparison.
With Cardano dropping 3.62% to $0.3578 in the last week, analysts are uncertain as to whether or not the project can bounce back and hit $1 in the next 3 months.
Tradecurve Closes In On 3000% Growth
With Cardano’s price struggling to gain traction, Tradecurve is becoming a popular alternative, having already increased in value by 50% during its presale.
After quickly selling out during stage one of its presale, Tradecurve continues to thrive, selling out its second-round supply in record times. Now investors eagerly await a third price increase which is expected to occur by next week.
Tradecurve is a decentralized hybrid exchange that combines the best features of DeFi with traditional finance. Using its trading platform, investors can buy assets like stocks, commodities, and CFDs using crypto as collateral. They can also buy cryptocurrency, all without needing to undergo KYC checks or reveal their identity.
Tradecurve will offer leverage of 500:1 and has implemented negative balance protection to keep investors safe. As part of its ecosystem, investors will be able to take advantage of automated and AI investing opportunities, copy trading features, and a comprehensive metaverse trading academy.
Tradecurve’s native token, TCRV, will play an important role in its ecosystem. TCRV token holders will receive discounts on trading fees and will also be granted discounts on their trading subscriptions. Furthermore, holders will earn exclusive rewards and bonuses on their trading account and will be able to upgrade their account to VIP status, after which they’ll be granted additional rewards.
TCRV tokens are currently trading at $0.015, though are expected to increase to $0.018 once the third stage of Tradecurves presale sells out. With a huge opportunity to become a leading exchange, bullish experts believe that Tradecurve’s growth could be similar to the Binance ICO, which started at just $0.11.
For more information about the Tradecurve presale:
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