Shiba Inu grows fueled by Shibarium, Dogecoin faces challenges with hope for improvement, and Tradecurve Markets innovates in the global derivatives market.
Shiba Inu (SHIB) has shown a surprising spike up the chain as the broader market experiences selling pressure. The success of the Shibarium network has fueled this growth. Furthermore, the price of Dogecoin (DOGE) fell as the cryptocurrency market continued to face adverse conditions.
However, there is hope that it could escalate soon, according to analysts. Additionally, Tradecurve Markets (TCRV) will combine the best elements of CEXs and DEXs. It will allow anyone around the world to enter the derivatives market.
Shiba Inu (SHIB) Soars Following Shibarium Success
The total cryptocurrency market capitalization decreased by 0.59% in the last 24 hours, but the 24-hour volume increased by 6.64%. One of the cryptocurrencies that led these statistics and is currently trending is Shiba Inu (SHIB).
This momentum has been fueled by the success of its Layer 2 solution, Shibarium. The network reached 3.38 million transactions and 1.25 million wallet addresses. Consequently, the Shiba Inu crypto could soon increase in value.
Over the last seven days, Shiba Inu traded between $0.00000682 and $0.00000730. It remains the 18th largest crypto with a market capitalization of $4,057,237,868. However, according to the Shiba Inu price prediction, it may skyrocket to $0.00001078 by the end of 2023.
Dogecoin (DOGE) and Its Hope to Rise to $0.098
Dogecoin (DOGE), Elon Musk’s top memecoin and favorite crypto, remains among the top 10 cryptocurrencies by market capitalization despite its poor price performance. In particular, the Dogecoin price has been volatile in the last week.
Dogecoin (DOGE) has fallen as it follows broader market momentum. However, the Dogecoin community is still hopeful that X, formerly Twitter, will introduce cryptocurrency payments. If it does, then DOGE could witness a huge comeback in terms of its value.
Dogecoin’s 30-day EMA has been comfortably below the 200-day average for over a year. However, over the past week, DOGE was trading at $0.058319 on the low end and $0.061967 on the high end. Furthermore, analysts are optimistic about its future. According to the current Dogecoin price prediction, it may skyrocket to $0.098 by the end of the year.
Tradecurve Markets (TCRV) Combines the Best Elements of CEXs and DEXs
In addition to Shiba Inu and Dogecoin, another cryptocurrency has also captured a significant portion of investor attention. Tradecurve Markets is an upcoming hybrid trading platform that will combine the best elements of CEXs and DEXs.
The platform will create a completely optimized experience. It is a comprehensive platform where anyone can trade derivatives and cryptocurrencies. All of this will be accessible without the need for them to undergo any KYC procedures. Additionally, they can deposit crypto and then use it as collateral when trading.
Beyond ease of use, Tradecurve Markets will also feature unique trading tools. For example, there are AI-powered trading bots and a Copy Trader infrastructure. In addition, it also has a VIP account system and protection against negative balances.
Investors can also access high leverage, starting at 500:1. Now, the project is in Stage 6 of its pre-sale, in which it is trading at just $0.03. This marks a 200% jump in value since the start of the pre-sale. According to analysts, the crypto is projected to skyrocket up to 35 times upon launch.
By Audy Castaneda
