Despite decreasing in price throughout May, Dogecoin broke the record for the number of daily transactions of a single cryptocurrency. This surge resulted in an influx of new Dogecoin traders looking to capitalise on predicted price increases. Meanwhile, Bitcoin transactions have remained steady with over $11 billion worth of Bitcoin being traded daily.
While investors await a Dogecoin surge however, Tradecurve has already increased in price by 20% and is now on track to sell out during stage two of its presale before the end of the month.
Dogecoin recovery begins Post Trading Surge
Over the past week, Dogecoin has increased in price by 0.38%. This rise was welcome news to Dogecoin holders, who experienced weeks of steady price decines beforehand. Although its price hasn’t performed well, investors have shown they remain bullish about Dogecoin. On May 15th, Dogecoin transactions increased to 650,000, the most a single cryptocurrency has been traded in 24 hours.
This new record has caused the price of Dogecoin to slowly recover, with one Dogecoin selling for $0.0729 at the time of writing. Although Dogecoins daily trading volume has since declined to $200 million, many analysts are making bullish price predictions for Dogecoin in June, wth some suggesting that Dogecoin could hit $0.08.
Bitcoin sees a 2% decline in May
After pushing through the $30k barrier in April, Bitcoin has experienced steady declines. In the last month, Bitcoin has decreased by 2.16% to $26,878.39, though its daily trading volume remains steady.
Many price analysts that its recent decline is a short term correction, after Bitcoin increased by over $5000 in just a few weeks. With this in mind, experts predict that Bitcoin could increase again in June, potentially hitting annual highs in the process.
However, not everyone is convinced. With the introduction of Bitcoin ordinals, some holders believe that Bitcoins price could decrease, with transaction fees increasing due to greater transaction numbers.
Tradecurve could overtake Huobi by 2025
After quickly selling out during the first phase of its presale, Tradecurve momentum continues to build, selling out over 50% of its stage two supply in just over a week. Having already been compared to the Binance ICO, Tradecurve is an innovative project that could overtake many of the world’s top exchanges, including Huobi, in just a few years.
Tradecurve is a hybrid exchange that lets investors buy traditional and DeFi assets with cryptocurrency. Assets on Tradecurve include commodities, stocks, forex and CFDs to name a few. Being fully decentralised, investors can buy assets anonymously by connecting and disconnecting their external crypto wallets.
As well as its exceptional range of assets, Tradecurve will also showcase some of the market’s best educational tools. Its free tool, a metaverse trading academy, will help investors understand the basics of cryptocurrency and trading in general. Two subscription programs, AI and copy trading, are also available, with TCRV token holders paying a discounted subscription.
Investors are buying Tradecurve at record rates during stage two of its presale, with over 32 million TCRV tokens already sold. By the end of the month tokens are expected to increase from $0.012 to $0.015, with a ROI of over 50x for investors who get involved early.
For more information about the Tradecurve presale see 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
Sponsored
WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido
Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.
Credit: Source link