Since mid-April when Bitcoin (BTC) traded at a yearly high, the price of the number of assets has been on a freefall and now trades under $27,000. The bearish sentiment of the crypto market has now forced 71.07% of Cardano (ADA) holders into losses, leading many investors to move into Tradecurve, which has outperformed the crypto market over the last six weeks.
- Bitcoin (BTC) faces another rejection at $27.5k, price drops under $27,000
- At its current price of $0.3749, over 3 million Cardano (ADA) addresses are in a loss
- Tradecurve has seen an influx of new investors expecting a 100x price jump
Bitcoin (BTC) Drops Under $27,000 After Price Rejection
In the last six weeks, Bitcoin (BTC) has tried on multiple occasions to breach the $28,500 level but failed at every attempt. Following its latest attempt to reclaim the important price level, the price of Bitcoin (BTC) has tumbled from a weekly high of $28,430 and now trades under $27,000.
In the first two days of June, the price of Bitcoin remained under $27,000 to continue the poor performance of the asset in May. The recent sell-off of Bitcoin comes amidst fears of continued interest rate hikes resurfacing as inflation persists in the United States.
Cardano (ADA) Holders Fall Deep into Losses
The price decline of Bitcoin has also affected Cardano (ADA), increasing the number of negative addresses. According to data from IntoTheBlock, at a price of $0.378, more than 3.12 million Cardano (ADA) addresses are negative. This means 71.07% of the total Cardano (ADA) holders are deep into losses from when they first invested.
However, over the last 24 hours, the price of Cardano (ADA) is beginning to show strength. Cardano (ADA) has gained 3.5% to trade at $0.3756. However, the recent price increase has not stopped Cardano investors who are in losses from moving to Tradecurve.
Investors Move into Tradecurve Ahead of 100x Price Jump
The bearish sentiment of the broader crypto market has resulted in an influx of new investors into Tradecurve, a new project that has outperformed other cryptocurrencies.
While the likes of Bitcoin and Cardano have faced significant price declines over the last few weeks, the price of Tradecurve increased by 25% as it entered its third presale stage.
There is so much interest in Tradecurve as it is the first decentralized trading platform where users will be able to access a variety of assets from the global financial market including stocks, CMDs, options, and ETFs while using cryptocurrency from a single account as leverage.
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Tradecurve also supports features from traditional trading platforms like algorithmic trading, negative balance protection, ultra-high fast order executions, high leverage (500:1), copy trading, social trading, and a trading academy.
Although a 25% price increase is enough to outperform Bitcoin and Cardano, market analysts have predicted even more gains for Tradecurve at 50% during its presale and up to 100x at launch. You can join the growing number of investors buying into Tradecurve as the TCRV token now trades at $0.015.
For more information about the Tradecurve presale:
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