SPONSORED POST*
The cryptocurrency market is always moving, with various projects gaining attention and presenting new opportunities for investors. Today, we will explore three significant developments in the crypto space: the liquidity squeeze affecting Shiba Inu, the rising price of Terra Classic, and the increase in interest surrounding Tradecurve as investors seek diversification.
Summary
Shiba Inu (SHIB) navigates a liquidity squeeze
Shiba Inu, a meme-based cryptocurrency inspired by the popular Dogecoin, has recently faced a liquidity squeeze. Shiba Inu was at the forefront of driving price rises at the height of the 2021 bull market. ShibaSwap’s Total Value Locked (TVL) reached a high of $1.75B due to this performance and the attention it received. Sadly, the same TVL was in the billions of dollars and had drastically dropped. ShibaSwap’s TVL was now $24.64M, as per DefiLlama.
This illustrates a scenario in which investors lost interest in boosting the amount of smart contracts projects inside the Shiba Inu ecosystem. As a result, ShibaSwap’s income and fees decreased, leading to rumors of a Shiba Inu liquidity squeeze. As a result, this can lead to increased price volatility and challenges for traders and investors looking to buy or sell their Shiba Inu holdings.
Shiba Inu is trading at $0.000008529 with a market cap of $5B, a drop of 1.71% in the last 24 hours.
Terra Classic (LUNC) with a price increase
While Shiba Inu faces liquidity challenges, another cryptocurrency, Terra Classic, has witnessed a notable price increase. Terra Classic is an innovative blockchain project focusing on stablecoins and decentralized finance (DeFi) applications. Its growing popularity can be attributed to its unique features, including stability and scalability.
Before its eagerly anticipated, though unconfirmed, Parity update, the infamous Terra Classic coin is seeing a sharp price increase. As the community debates the Parity upgrade, the value of the Terra Classic token has surged by more than 9.50% over the last 24 hours. The upgrade is expected to pass on June 14 if the proposal is accepted.
The Parity update for Terra Classic, which will provide v2.1.0 to the network, is concerned mainly with governance. The upgrade’s key components include the addition of Cosmwasm v1.1.x and a minimum 5% commission for validators. Currently, Terra Classic has a value of $0.00009768 with a market cap of $572M. Moreover, the trading volume of Terra Classic has also jumped by 611% overnight, reaching $429,207,483.
Investors looking to diversify select Tradecurve (TCRV)
As the cryptocurrency market continues to evolve, investors are increasingly exploring opportunities for diversification. One project that has seen a surge in interest is Tradecurve which is now in its presale run. By creating a borderless, decentralized trading platform allowing users to trade options, forex, cryptocurrencies, commodities, and more, Tradecurve will tap into multiple growing markets. One such market is the forex market which was worth $753.2B in 2022, as per an IMARC impactful insights report.
Tradecurve will stand out from the rest of its peers by incorporating the best features of centralized exchanges, such as high liquidity and access to multiple asset classes on its decentralized platform.
This will result in a low trading fee platform where users may gain access to high liquidity assets starting at 500:1 and obtain complete control over their assets and keys.
Privacy and transparency will also be the significant cornerstones of Tradecurve. It will allow traders to utilize their cryptocurrency assets as collateral, removing the need for FIAT payments and intrusive sign-up KYC checks.
Tradecurve will also put its Proof of Reserves (PoR) into place. By providing PoR, the platform instills trust and confidence among its users, ensuring their funds are secure and not at risk of mismanagement or fraud.
The native token, TCRV, will lie at the center of this platform and bring perks to holders, such as governance, staking rewards, and access to exclusive trading account rewards. Currently, TCRV has a value of only $0.015. But, the presale is now in Stage 3, and more price increases are coming as it advances.
With millions of tokens already sold, experts predict a 50x increase as the presale finishes due to investor interest and a further 100x gain after TCRV is listed on Uniswap or a well-known CEX.
For more information about the Tradecurve presale:
Click Here To Buy TCRV Presale Tokens
Join Our Community on Telegram
*This article was paid for Cryptonomist did not write the article or test the platform.
