Internet Computer and Tradecurve are in the green as confidence in both projects begins to increase. While Internet Computer initially decreased in value following the SEC’s decision to file a lawsuit against Binance and Coinbase, the project is up over 3% in the last 24 hours.
Cardano on the other hand is struggling to regain any momentum, decreasing in price by 15.8% in the last five days. Here’s why Internet Computer and Tradecurve may be better investments.
Internet Computer Is Up 3% After A Steep Price Decline
Internet Computer faced a sharp decline from $4.85 to $4.18 in the last week as many projects throughout the market crashed. However, the project is recovering, increasing in value by 3.01% in the last 24 hours.
At the time of writing, Internet Computer was trading at $4.30, though its daily trading volume had decreased 20% to $15 million. This fast recovery implies that investors and experts remain confident in Internet Computer despite current market trends.
However, some investors have lost confidence in Internet Computer after it was listed as a security by the SEC. As a security Internet Computer will become heavily regulated by the SEC, going against many DeFi investors beliefs. As a result, its difficult to predict whether or not investors will continue to buy Internet Computer in the future.
Will Cardano Recover Or Drop Below $0.3?
Cardano’s value has dropped by 15.80% in the last five days and it has been delisted from Robinhood after the SEC categorised Cardano as a security. To comply with the SEC, Cardano has taken its Lace Wallet codes public in an attempt to improve transparency. However, this has has a negative impact on the Cardano community.
Earlier in 2023 it was announced that Cardano’s TVL had increased a total of 91.9%, with several new projects helping to bolster its ecosytem. Now many investors are selling their Cardano as they look to protect their privacy.
Over the past week 1.2 million Cardano has been sold by investors, significantly more than any week in May. This trend suggests that investors confidence in Cardano has been knocked, which could result in further price decreases in June.
Tradecurve Offers A Secure Alternative To Centralized Exchanges
As the SEC continues to regulate the crypto market, Tradecurve is looking to capitalize on the increase in demand for decentralized alternatives.
As one of the first hybrid exchanges, Tradecurve looks to attract 100,000 users in the first three months of its release, offering a plethora of advantages over current exchanges.
Tradecurve lets investors trade cryptocurrency and assets such as stocks, commodities and forex from a single decentralized account.
After connecting their wallets, investors can trade anonymously without needing to pass KYC checks which are required by most exchanges such as Robinhood and Coinbase.
Confidence in Tradecurve can already be seen through its presale, which has increased in value by 50% since it started. Currently in its third stage, the Tradecurve is building more momentum than ever, with over 60% of the rounds supply selling out in less than two weeks.
With momentum still building and TCRV on track to increase from $0.015 to $0.018, experts predict that Tradecurve’s price will increase by 50x before its presale is finished, setting Tradecurve up to become one of the best exchanges in the market.
