Binance Coin (BNB) has been one of the hardest hit cryptocurrencies since the SEC lawsuit. In total, 13 charges were filed against Binance, which caused Binance Coin to decrease from $305 to a low of $224 in June.
Now as Binance Coin begins to recover, experts are asking whether or not a bullish breakout could be on the way. At the same time, Tradecurve has seen steady gains throughout June, and now many investors believe July could be the project’s best performing month to date.
Binance Coin Decline Slows, But Can It Recover?
The SEC lawsuit was a big shock to Binance and the Binance Coin community. It has caused an estimated 1 million users to leave the platform, and trading activity on the platform to decline by 20%. While we’re yet to see the long-term implications of this action, most experts believe it could be bad news for Binance Coin.
Just one month before the SEC lawsuit, Binance announced that it would be leaving the Canadian cryptocurrency market, and in the process, it will lose thousands of customers. With the exchange now losing more customers in not just the U.S. but Europe too, it’s likely that profits will decline, causing Binance Coins’ price to fall further.
At the time of writing, Binance Coin was trading at $242.49,19.46% lower than the previous month. Its daily trading volume had also fallen to $400 million, suggesting that any bullish sentiment towards Binance Coin may be decreasing.
Although it’s difficult to predict when or if Binance Coin will recover, most analysts believe that it’s unlikely that Binance Coin will experience a bullish breakout over the next few months.
Tradecurve Looks Bullish After 80% Price Increase
Market experts are bullish about Tradecurve following the success of its early presale rounds. After quickly selling out during three rounds, Tradecurve has increased in value from $0.01 to $0.018, offering returns of 80% to bullish investors.
Tradecurve is the world’s first hybrid exchange that combines decentralized finance with traditional finance. Its exchange is built on Ethereum and provides one of the widest range of asset classes available on a single platform.
The Tradecurve exchange is fully decentralized, and will let investors trade assets like CFDs and commodities without the need to pass a KYC check. Instead, investors can trade using self-custody wallets and cryptocurrency as collateral.
As a decentralized platform, investors will be able to trade assets regardless of their location. They will also be able to enjoy an exclusive Metaverse trading academy, as well as copy trading and algorithmic trading opportunities.
Stage four of the Tradecurve presale has been its most successful yet. 60% of the rounds supply has sold out in just over a week, and now tokens are expected to increase again to $0.025 by mid-July. Due to its current growth, Tradecurve has been nicknamed the next Binance ICO, which started at just $0.11.
Tradecurve will provide TCRV token holders with a number of rewards, including staking bonuses, trading discounts, voting rights, and discounts on subscriptions. These rewards, as well as predictions of 50x price increases, indicate that Tradecurve is on track for a bullish breakout in Q3.
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