The cryptocurrency landscape is always changing, witnessing the emergence of new projects that aim to tackle the hurdles encountered by investors and traders. Among these innovative platforms is Tradecurve, which seeks to transform the conventional trading industry. Meanwhile, PancakeSwap is currently under bearish pressure.
PancakeSwap (CAKE) Price Forecast
PancakeSwap (CAKE) has emerged as a prominent decentralized exchange operating on the Binance Smart Chain, garnering significant attention. However, a recent analysis of PancakeSwap’s price indicates a persisting struggle for the token, as its value experienced a downward trend in the past 24 hours.
Although PancakeSwap’s price was bearish at the beginning of June, it crossed the $1.5 resistance recently climbing to $1.63. Unfortunately, the bears took over the market as bulls lost their steam and pulled the price below the $1.5 mark. According to CoinMarketCap, PancakeSwap (CAKE) is trading at $1.48, a price decline of 4.56% in the last 24 hours.
Currently, the token is trading below the 50-Day SMA ($1.625910) and 200-Day SMA ($3.12). Additionally, the RSI value is at 50.89, which indicates that the CAKE market is in a neutral position. PancakeSwap bulls will try to retest the $1.5 level before aiming for resistance at $1.558990 and then $1.571223 if bullish momentum persists. On the downside, if bearish sentiment lingers, PancakeSwap could retest the $1.45 region before dipping to $1.40.
Tradecurve (TCRV) Onboards 12,500 Users In Just A Few Weeks
While PancakeSwap faces bearish sentiment, Tradecurve has defied expectations by displaying an impressive upward trajectory in the first half of 2023. Even during its initial presale stage, the token witnessed a significant surge of 80%, with its price surging from $0.010 to $0.018.
The 80% price surge comes amidst an increase in new users on the platform. Over the last few weeks, Tradecurve has onboarded more than 12,500 new users as the platform gains traction.
New users are onboarding Tradecurve because it is building the first decentralized all-inclusive trading platform in crypto. With its exposure to diverse markets such as commodities, stocks, forex, bonds, ETFs, and indices, Tradecurve aims to compete with industry giants like Huobi and Robinhood in terms of trading volume and market capitalization. Tradecurve also plans to introduce Proof of Reserves and a metaverse academy where traders and investors can sharpen their trading skills.
Meanwhile, the Tradecurve utility token – TCRV –offers several use cases. TCRV holders can enjoy a multitude of exclusive features and benefits, including staking rewards, copy trading, VIP account privileges, discounts, AI algorithmic trading, staking rewards, and other bonuses.
Additionally, the platform provides low latency, trading signals, and comprehensive trading lessons to enhance users’ trading capabilities. TCRV is currently in stage 4 of its token presale and is sold at just $0.018. Tradecurve is offering a 50% deposit bonus which will end on July 3rd, making it a great opportunity for investors to stack up the token before the next price surge.
To find more information about Tradecurve and the TCRV token, visit the links below:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
Credit: Source link
