Polkadot (DOT) Price Prediction – ApeCoin (APE) Value Plummets As Investors Rush To Tradecurve

2023-07-21 14:11:42

Although 2023 began on a high note, the last two months have brought uncertainty in the market. Even long-standing projects like Polkadot (DOT) and ApeCoin (APE) have succumbed to the recent market pressure, and fallen flat. Moreover, projects like Tradecurve (TCRV) have rejuvenated market sentiments

This new project, which has made a big impact on the market during its ongoing presale, is on the path to becoming the new crypto king. However, investors are hopeful that the next market bull run will occur soon.

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Polkadot (DOT) Sees Rise In Development Activity

As the overall market sentiments have shown resilience, Polkadot (DOT) has witnessed a considerable spike in its development activity. As per Santiment’s recent ranking, Polkadot is the leading blockchain in terms of development activity.

A major reason behind this increase in development activity is the addition of new parachains on the Polkadot network. The on-chain data reveals that Polkadot added 21 parachains over the past month. However, despite these developments, there is no improvement in Polkadot’s market position.

The exchange rate of Polkadot has plummeted by 7% in the past month. Consequently, the current trading price of Polkadot is $5.12. Polkadot’s price prediction for 2024 is $9.94.

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BAYC Tanks, And So Does ApeCoin’s (APE) Value

There was a time when Board Ape Yacht Club (BAYC) was reigning the NFT space, and ApeCoin (APE) was in high demand. However, the popularity of BAYC and the value of ApeCoin was hammered by the fading interest in its NFTs.

The average floor price of an Ape NFT has crashed by 82% in the past few months, causing panic within the ApeCoin community. The latest data from IntoTheBlock has revealed that none of the ApeCoin investors is making profits.

It shows that 98% of ApeCoin holders are suffering losses, while the remaining 2% are at a break-even point. The exchange rate of ApeCoin has also tanked by more than 13% in the past seven days. At press time, ApeCoin is trading at $2.20.

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Tradecurve Becomes Bigger In Presale Stage 4

At present, the number of crypto trading platforms is more than 640, and their market size is likely to surge at a CAGR of 28% in the next four years. However, traders complain that existing exchanges charge high transaction fees, and lack transparency. To address their concerns and meet their demands, Tradecurve (TCRV) has launched an all-in-one Web3 exchange.

It is a cross-chain trading platform that allows people to trade cryptocurrencies, and several traditional derivatives, such as bonds, equities, futures, and Forex, with the same account. Here, users just need to have an email id to create a trading account, and link their digital wallets

As opposed to existing exchanges like Kraken and KuCoin, Tradecurve does not ask users to undergo any KYC requirements. Thus, the platform ensures traders’ anonymity and privacy.

The platform’s eco, which consists of several elements, will be powered by TCRV tokens. The token holders will be eligible to receive multiple benefits, including discounts on transaction fees and exclusive bonuses

They can also earn additional income through staking. Besides, the social trading feature of the platform allows inexperienced users to copy the strategies of professionals, and make better profits.

As per market projections, the token’s value, which is currently at $0.018, will increase to $0.50 during the presale phase. Moreover, it can rise to $1.00 by the end of 2023.