Centralized exchanges are under attack by the SEC, and the market is beginning to see a huge decline as it has fallen to the red zone. Worried investors are looking for alternatives options, and after the dip of Binance coin and OKB they have turned their attention to decentralized exchanges like Tradecurve. Today, we will uncover what this project does right in order to appeal to so many investors, as its price has already surged by 50%.
Binance Coin’s Price Outlook After Recent Fall
Binance Coin has been on a downward trend since it reached its all-time high of $686.31 on May 10, 2021. As of June 9, 2023, BNB is trading at $260.17. In the past 30 days, Binance Coin decreased in value by 16.5%, and in the last week alone, its value saw a dip of 15.4%; it is clear that XRP is falling into the red zone.
Some of the factors that have contributed to Binance Coin’s recent downward trend include the broader sell-off of the crypto market, regulatory scrutiny, the SEC suing the Binance exchange, and the overall pessimism investors have towards its future.
As the cryptocurrency market continues to mature, however, Binance is well-positioned to benefit from increased demand for its products and services, but at this point in time, Binance Coin is still a tough altcoin to buy as it’s decreased significantly. Binance Coin is not the only cryptocurrency to dip, as so did OKB.
OKB Enters the Red Zone
OKB, the utility token behind the global cryptocurrency exchange OKX, has also fallen in regard to its value. As of June 9, 2023, OKB trades at $45.01. In the last week, it has been down 2.3%. OKB is far down from its all-time high point of value, where on February 18, 2023, it reached $58.66.
This downward trend is an indication that investors are moving away from centralized exchanges and looking at decentralized alternatives, and OKB’s performance will affect their perception of the future of the OKX exchange as well.
Tradecurve’s Price Surges By 50%
TCRV is the utility token behind the Tradecurve platform, it has seen an exponential level of growth, beating out many CE
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Author: Crypto Daily
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