Tradecurve Markets Emerge As Top Gainer, What Next for Shiba Inu and Ethereum Amidst Price Declines?
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Once again, bears have regained the upper hand in the crypto markets. As a result, two top altcoins, Shiba Inu and Ethereum are facing price declines. Find out what crypto experts have to say about their possible trajectory. Meanwhile, they have predicted that Tradecurve Markets could be the biggest gainer in the next crypto market rally.
Shiba Inu Drops Below $0.00000700, But Analysts Remain Bullish
For the first time since June, the price of Shiba Inu has dropped below $0.00000700. Despite the growth of its layer 2 network, Shibarium, SHIB has remained bearish. As a result, the Shiba Inu price reached lows of $0.000006800 in October.
Whales have taken the price drop as an opportunity to stack the Shiba Inu coin. Following the price reduction, whales’ collection climbed from 169 billion SHIB to 2.98 trillion SHIB tokens. According to on-chain data, SHIB whale activity increased by more than 1,500% in October.
This increasing whale activity indicates that whales anticipate an increase in the price of Shiba Inu. Many crypto market analysts share the same sentiment. They predict that as Shiba Inu implements some of its planned products, its price could increase to $0.00001000.
Ether Loses Ground As Ethereum Foundation Swaps 1,700 ETH
September was a bullish month for Ethereum, with the leading altcoin increasing from $1,550 to $1,740 on October 2. However, since then, the Ethereum coin has fallen to bearish pressure. This pressure intensified as the Ethereum Foundation swapped 1,700 ETH on Uniswap.
The ETH coins were swapped for $2.76 million worth of USDC stablecoin. The transaction followed shortly after the Ethereum founder, Vitalik Buterin, transferred $3.79 million worth of ETH. However, an analyst explained that the funds were used to pay workers, build projects, and support development on the network.
This explanation failed to stop an ETH sell-off. The Ethereum price has now plunged from its monthly high of $1,740 to $1,570. As a result of the sell-off, the price of Ethereum is now approaching a critical support level at $1,500. Should this support break, ETH could plunge to $1,400.
Tradecurve Markets (TCRV) Emerges As Potential Top Gainer
Amidst the ongoing sell-off, Tradecurve Markets has emerged as a potential top gainer. Crypto analysts are bullish about Tradecurve Markets because of its connection to the over-the-counter (OTC) derivatives market. Tradecurve Markets is building a platform that will make more financial instruments available to crypto traders.
On this all-in-one trading platform, users will be able to trade stocks, options, commodities, and ETFs. Users will be able to trade all of these assets with a single account. In addition, crypto traders can use their crypto balances as leverage to trade all these assets.
To offer a better experience, Tradecurve Markets also includes advanced trading tools. The platform will include capabilities such as AI trading, negative balance protection, and copy trading. Crypto traders are already testing out these features on the recently launched demo platform.
With a connection to the $632 trillion OTC derivatives market, crypto analysts are very bullish about Tradecurve Markets. As a result, they have predicted that it could be the biggest gainer in the next market rally. Now trading at $0.030 in presale, TCRV has been predicted to reach highs of $0.60.
For more information about the Tradecurve Markets (TCRV) presale:
Buy presale: https://app.tradecurvemarkets.com/sign-up