SPONSORED POST*
After the market drop, many cryptocurrency enthusiasts are seeking stability, and the most stability in the blockchain space can be found within stablecoins. On-chain data revealed that the most strategic, large investors have been gravitating towards the Tether stablecoin, but a new, innovative project has also caught their attention.
Tradecurve is a hybrid exchange with its own cryptocurrency, TCRV, and today we will explore why investors and whales found appeal in these altcoins.
Summary
The Appeal Whales Found in Tether
Tether made waves on June 5, 2023, when they announced that Tether Energy has been doubling down on Bitcoin with investment within Volcano Energy in El Salvador. Tether will provide $1 billion into the nation’s renewable energy initiative, and the power produced will be used in Bitcoin mining.
Paolo Ardoino, the CTO behind Tether, wrote that “Tether is expanding its energy investments, providing capital, tech expertise and advisory to the new venture Volcano Energy.”
Due to these updates and developments within the Tether initiative, investors are now beginning to accumulate the stablecoin. The market also saw a tremendous drop after Bitcoin, Ethereum, and other altcoins began dipping in value, so stablecoins like Tether provide a stable alternative. Tether now trades at approximately $1.00 as of June 8, 2023, and these positive stats are contributing towards the stability of the cryptocurrency.
How Tradecurve Stood out In The Minds of Crypto Whales
However, Tether was not the only cryptocurrency to grab investor attention, as Tradecurve also saw a tremendous spike in its activity. Not only did the TCRV token spike by 50% in the last week, but in addition to that, its Stage 3 presale has been moving at an exponential scale, where 56% of the tokens, or 42,368,919 tokens, have already been sold. Analysts predict that with this bullish run that TCRV is experiencing in sales, it can climb 100x in value at launch and reach $1.5.
The key contributing factors towards this rapid growth and whale appeal include the high leverage behind the platform, starting at 500:1, algorithmic trading, a VIP account service, exclusive deposit bonuses and copy trader subscription features, a dedicated Trading Academy for newbies, and negative balance protection.
It’s also simple to use Tradecurve as users do not need to undergo the KYC procedure and can just instead make a deposit in crypto, then use that crypto as collateral to trade not only cryptocurrencies but any other derivatives as well.
This makes Tradecurve a platform that removes any barriers to entry and introduces the unbanked to deep liquidity, fast execution, anonymity, and access to markets that might have otherwise been inaccessible. At this rate, Tradecurve can raise $20 million during the presale, and the team is looking to onboard 100,000 clients within the first three months of launch.
Learn more about Tradecurve and TCRV below:
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*This article was paid for Cryptonomist did not write the article or test the platform.
