Bitcoin Cash and Ethereum Classic losing to Tradecurve in 2023

a year ago

In the constantly changing world of cryptocurrency, investors prioritize the durability of crypto projects over immediate profits. For this reason, the Tradecurve (TCRV) presale is oversubscribed. Meanwhile, Bitcoin Cash (BCH) and Ethereum Classic (ETC) holders are gradually shedding their holdings as prices struggle to shake off sellers. According to market experts, TCRV is predicted to emerge as one of the top cryptocurrencies, posing a challenge to Bitcoin and Ethereum.

Bitcoin Cash falls as hype wanes

Although Bitcoin Cash soared in May, bulls didn’t push through. From price charts, BCH remains steady, finding support following the launch of the “CashTokens” feature. Because of the rising popularity of Bitcoin’s BRC-20, Bitcoin Cash released the CashTokens feature for developers to issue tokens.

However, without a strong foundation and concrete use case, Bitcoin Cash’s CashTokens have fallen short of expectations.

For this reason, Bitcoin Cash prices are steady yet weak, dropping 5% in the past month as the coin trades at $110.95.

Ethereum Classic’s development activity shrinks

Although Ethereum Classic was meant to address the shortcomings of Ethereum, like high transaction fees and scalability, the network is struggling.

Since Ethereum introduced the Shanghai Upgrade and other scalability solutions, Ethereum Classic’s competitive advantage has diminished. Subsequently, there has been a sharp drop in market popularity and demand for Ethereum Classic. Moreover, experts believe that a lack of upgrades has made the Ethereum Classic network less attractive to developers.

Development activity on the Ethereum Classic network has declined by 55% in the past month, negatively impacting ETC prices. The coin has fallen 9% in the past month, forcing prices to $17.44.

Tradecurve’s presale growth rising

Tradecurve is a decentralized platform that supports crypto, over-the-counter (OTC) derivatives, indices, and equities trading without fiat payments.

According to a report, the total value of the global crypto market was about $1 trillion in 2020. It is expected to grow to more than $5.1 trillion by 2026, with a CAGR of 30%.

Hence, the demand for decentralized exchanges like Tradecurve is bound to shoot up.

The platform also respects users’ privacy. Therefore, it has not established any know-your-customer (KYC) verification procedure. On the contrary, centralized crypto exchanges like Kraken and KuCoin ask users to submit their personal information before executing trades.

Besides, the exchange supports negative balance protection, high-leverage trading, and transparent pricing. Trading fees on Tradecurve are also among the lowest.

The platform also uses artificial intelligence and algorithms to enhance traders’ experience.

The Ethereum-based tokens will power the ecosystem. Using TCRV, the exchange’s native currency, users can upgrade their accounts to VIP statuses.

Currently, TCRV is available for $0.025 but is expected to increase throughout the presale phase.

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