Several cryptocurrencies are hoping to find a ray of hope amidst the ongoing market turmoil, and the presale launch of Tradecurve has added fuel to their optimism. Its presale is progressing with a historic growth rate, and is expected to bring massive gains to its early investors. Meanwhile, ApeCoin (APE) and Axie Infinity (AXS) are going through a dire phase.
A Staggering 98% Of Axie Infinity (AXS) Holders Suffering Losses
The latest data from IntoTheBlock is quite discouraging for the existing Axie Infinity (AXS) investors. The data suggest that 98% of Axie Infinity (AXS) holders are currently suffering losses.
Experts have cited the launch of several play-to-earn games, in recent months, as the primary reason behind the recent downfall of Axie Infinity (AXS). Notably, the exchange rate of Axie Infinity (AXS) has crashed by 18% in the past 30 days. At press time, Axie Infinity (AXS) is trading at $5.60.
Meanwhile, Axie Infinity (AXS) has shared its “June Development” update report, which includes the launch of its game on iOS and new features in its ecosystem. But experts opine that the impact of these developments on the value will be visible after 1-2 months.
ApeCoin’s (APE) Supply On Exchanges Increases
ApeCoin (APE) has suffered a significant drop in recent weeks, with its price plunging by more than 32% in the last 30 days. As a result, the current trading price of ApeCoin (APE) has nosedived to $2.32, which is about 92% below its peak of $27.51.
According to market analysts, growing selling pressure among ApeCoin holders is causing a fall in APE’s market value. As per Santiment’s data, ApeCoin’s (APE) supply on exchanges has increased. Experts believe that token holders move their assets to exchanges from their wallets for selling purposes, and ApeCoin (APE) is witnessing a similar trend.
Additionally, the supply of ApeCoin outside the exchanges has also plummeted, indicating diminishing interest in APE tokens among long-term investors. Besides, the ongoing controversy surrounding the exorbitant salary being drawn by ApeCoin DAO leadership has hurt APE further.
Tradecurve Presale Excites Investors
Around 5 cryptocurrencies are being launched in the market every day. Besides, thousands of crypto enthusiasts are entering the crypto trading industry every day.
Subsequently, the market size of crypto exchanges has also flourished, and demand for them has skyrocketed. However, investors have become disinterested in existing crypto exchanges, and are looking for a comprehensive and dynamic trading platform.
To meet the growing demand of the evolving market, Tradecurve has launched a novel exchange. It has surpassed the popularity of exchanges like Binance and OKX, as it provides multiple options, low transaction fees, and absolute privacy.
The platform helps traders invest in different markets, such as cryptocurrency, equity, forex, CFDs, and more, with a single account.
Moreover, it does not mandate users to undergo KYC checks, as opposed to other platforms that require users to submit their personal details before trading. Additionally, Tradecurve users will get complete control of their assets, and private keys.
The platform will be powered by TCRV tokens that are designed on the Ethereum blockchain, and are audited by Cyber Scope. The presale round of the project is currently in the fourth stage, and a token is available to purchase for $0.018.