Is Tradecurve Tough Competition For Dogecoin?

25 May 2023

in DOGE

Reading Time: 4 mins read

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Meme coins and utility tokens are the two types of cryptocurrencies that have led the market to new peaks in recent years. However, investors have always been biased toward utility tokens, as these investment instruments have proved themselves to be resilient and less susceptible to market fluctuations. Therefore, the presale tokens of Tradecurve are selling out fast. The project has been predicted to grow by 50x during the presale phase, and 100x upon listing on Uniswap.

On the other hand, in the absence of any real-world utility, Dogecoin (DOGE) has relied on market sentiments and plummeted severely in recent months. Thus, experts are confident that Tradecurve can soon overtake Dogecoin (DOGE).

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Dogecoin’s (DOGE) Daily Transactions Surge To New Peak

With the creation of DRC-20 tokens, Dogecoin (DOGE) has reached a significant growth milestone. According to the latest data, Dogecoin (DOGE) has witnessed an all-time high of daily transactions on its network. Notably, the number of daily transactions on the Dogecoin (DOGE) network hit a peak of 719,000 on May 16.

The numbers seem more staggering considering that Dogecoin’s daily transactions are usually around 20,000 per day. Even the number of daily transactions of the Bitcoin network (566,000) was lesser than that of Dogecoin (DOGE).

For the creation of DRC-20, Dogecoin (DOGE) users have copied the architecture, which was enabled by Bitcoin’s Ordinals. They have also named it “Doginals.” This development has caused an increase in the price of Dogecoin (DOGE). The value of the largest meme coins by market capitalization has surged by 4% since the launch of DRC-20 tokens. But DOGE is still 22% down on the monthly price chart.

According to experts, the recent rise of DRC-20 has been primarily due to the hype, and does not serve any actual function like ERC-20.

Tradecurve Offers Exceptional Presale Opportunity

The current trading industry is suffering from several issues, such as limited options and transparency, high commissions, a lack of privacy, and more. Traders are losing faith in existing crypto trading exchanges due to their opaque functioning, and recent controversies surrounding FTX exchange and Kraken. But Tradecurve has infused a sense of confidence among them.

The platform allows people to trade cryptocurrencies, equities, bonds, Options, Forex, OTC derivatives, and more, through a single interface. It enables users to trade without going through any KYC verification process. The platform also maintains the privacy and anonymity of users using 2FA security and DeFi capabilities.

TCRV is the native token of the project, and can also be used to upgrade accounts to VIP statuses. Staking rewards are also available for the holders. Its presale has completed stage 1 and begun stage 2. The price of the tokens has increased from $0.01 to $0.012 (already 20%). Meanwhile, the platform will release the beta version of its trading app.

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