The cryptocurrency market is known for its fast-paced nature, where new projects can quickly rise to challenge established players. Today, we explore the potential rivalry between Shiba Inu and the newcomer Tradecurve. As Tradecurve gains momentum, we delve into how it could pose a significant challenge to the popularity of Shiba Inu. Let’s begin.
- Shiba Inu suffers after market-wide sell-off
- Over 800B Shiba Inu tokens have been offloaded on Binance alone
- Tradecurve attracts a significant part of the market
Shiba Inu (SHIB): An established meme-coin
Shiba Inu gained widespread attention as a meme coin inspired by the popular Dogecoin. It quickly captured the imagination of crypto enthusiasts, leveraging its cute mascot and community-driven nature to build a large following. Shiba Inu’s focus on decentralized tokenomics and its unique burn mechanism contributed to its popularity and rapid rise in value.
In recent news, a large-scale selling in the market led to unsettling red candles on the price charts. Shiba Inu was not exempt from the general decline in token values, with approximately 800B tokens offloaded on Binance alone versus USDT. This sell-off caused Shiba Inu’s value to fall as it trades hands at $0.000007604 with a market cap of $4.4B, dropping by 0.47% overnight.
With its moving averages also showing strong sell signals, many investors are increasingly worried about its long-term growth potential. With new contenders emerging, Shiba Inu’s dominance may be challenged.
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— Tradecurve (@Tradecurveapp) June 29, 2023
Tradecurve (TCRV): An ambitious trading platform
Tradecurve, the newcomer in the crypto space, has garnered attention for its comprehensive trading platform that brings low latency, fast order execution and anonymity – the best of centralized and decentralized exchanges. While it may not share the same meme-driven appeal as Shiba Inu, Tradecurve’s focus on practical trading solutions presents a significant threat to established market players like Binance.
The potential rivalry
Tradecurve’s emergence as a competitor to Shiba Inu is driven by its ambition to offer a unique trading experience. Tradecurve enables the trade of all derivatives on one account, something that not many exchanges currently allow.
It also eliminates the intrusive sign-up kYC checks meaning that traders can remain completely anonymous when trading stocks, forex, bonds, options, cryptocurrencies, etc.
While Shiba Inu gained popularity through its meme appeal, Tradecurve’s features, such as high-leverage options, copy trading, and automated AI trading bots, cater to traders seeking practical tools to enhance their strategies. Because of this, Tradecurve could potentially attract a significant portion of the market, posing a challenge to Shiba Inu’s dominance.
A presale gaining mass appeal
Over $2.8M have been raised during its ongoing presale, while 13,500 users have already registered for the Tradecurve platform, which is scheduled to launch after the presale ends. Now, Tradecurve’s native token, TCRV, can be purchased for just $0.018 – an 80% rise from its starting price of $0.01. Millions of tokens have been sold already as buyers seek governance, access to VIP status, and trading fee discounts. With projections of TCRV surging by 100x after it gets listed on Uniswap or a Tier-1 CEX following its launch, those who purchase it now will earn tremendous returns on investment.