While Tezos (XTZ) and Fantom (FTM) face user retention challenges, the presale of newcomer Tradecurve is soaring. These contrasting narratives highlight the volatility of the crypto market and Tradecurve’s growing potential. Let’s dive deeper into the article to explore these intriguing developments further.
Tezos (XTZ): Examining User Retention Challenges
From reaching an impressive market cap of $7.2 billion shortly after the Tezos (XTZ) ICO in January 2021, Tezos has seen its price nosedive by over 91% to a modest $0.81 at the time of writing.
Tezos’ precipitous downfall can be largely ascribed to the stalling development activity on its platform and a waning interest amongst retail investors. For instance, the Tezos TVL currently stands at just $56 million, which pales in comparison to Ethereum (ETH)’s $25 billion TVL.
Market watchers monitoring Tezos’ price movements note that the asset is moving within a Descending Triangle pattern on the daily timeframe. The Tezos support lies at $0.70, while a breach of the trendline would occur around the $0.90 level.
However, the psychological $1.00 zone of resistance could prevent Tezos from pushing much higher in the near term. The Tezos team needs to focus on boosting its user base and fueling development activity if the asset is to have any chance of reclaiming its former glory.
Understanding the Factors Impacting Fantom’s (FTM) User Base
Fantom (FTM) stands out among distributed ledger projects as it harnesses the power of Directed Acyclic Graph (DAG) technology. This unique technological adoption propelled Fantom to an impressive market cap of over $1 billion within its inaugural year.
The Fantom TVL hit an impressive $7.58 billion in 2022, with a number of decentralized swap protocols adding to the asset’s trading volume. However, the current Fantom TVL sits at just $64 million, a testament to its waning user base.
This 99% drop can be attributed to the recent hack on Multichain’s Fantom bridge, which saw over $125 million stolen. Multichain was one of the largest contributors to the Fantom ecosystem, and its collapse has had a knock-on effect on user retention.
Analysts’ forecasts for Fantom’s future remain cautious, especially in light of its recent slide below the critical $0.30 support line. Market watchers believe that the bottom for Fantom could be around the $0.20 mark, but the team needs to instill confidence in its users if it is to revive its fortunes.
Tradecurve (TCRV) Presale Overview As Tezos and Fantom Face Price Drops: Exploring the Surge
While Tezos and Fantom are seeing attention and price deficits, Tradecurve is taking initiative. Tradecurve’s (TCRV) proprietary TCRV token is commanding attention as it delivers an impressive 150% price spike amidst its ongoing presale. This brisk upward trajectory has ignited a rush among investors, all vying to obtain TCRV tokens before the next presale phase begins.
So, what is Tradecurve? It can be described as a hybrid exchange that combines the best elements of decentralized and centralized exchanges. Here, users can trade a broad range of asset classes all from a single account.
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— Tradecurve (@Tradecurveapp) July 22, 2023
Departing from the conventional, often tedious KYC/AML procedures typically associated with centralized exchanges, Tradecurve emphasizes privacy and simplicity. The platform champions anonymous trading, enabling users to register with only an email address and a crypto deposit.
Tradecurve boasts an extensive suite of advanced tools designed to give traders a competitive edge. These include a copy trading system, enabling users to mimic the strategies of successful peers, AI-powered automated trading, and a high leverage of up to 500:1 for maximum market exposure.
Tradecurve is presently in the fifth stage of an ongoing presale phase, offering TCRV tokens at $0.025 before prices rise to $0.029 for the next phase. Market experts have forecasted substantial growth, with some predicting that the token price could soar from its current level to over $1.00 within the next year.
For more information about the Tradecurve (TCRV) presale:
Buy presale: https://app.tradecurve.io/sign-up
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