The global adoption of cryptocurrencies has started, and a lot of countries and regions have begun supporting them and embracing the overall potential.
This has led to a lot of cryptocurrencies increasing in value recently, where two have stood out the most with their performance, and these include Polygon and Tradecurve. Join us as we uncover why each one of these altcoins has managed to captivate so many investors.
Polygon To Surge in Value
Polygon made a huge update where they uncovered a proposal to upgrade Polygon Proof-of-Stake (PoS) to a zkEVM validium, which is a first-of-its-kind, decentralized ZK Layer-2. The goal is for the network to utilize Ethereum’s high level of security, while it also preserves the low fees and high scalability.
During the past two weeks following the announcement, the value of the Polygon cryptocurrency surged by 17.1%. As of June 24, 2023, Polygon trades at $0.660851. During the past week, the low point of value for the cryptocurrency was at $0.593775, while the high point was at $0.705711.
Overall, the price increase for Polygon during the week was 7.9%. This helped it regain a lot of confidence and interest for investors, and if it carries on with this momentum, it will likely climb to $1 by the end of 2023.
Tradecurve Up 20% During The Past Week
While Polygon did impress with its recent performance, another cryptocurrency managed to surge even further up in value. Tradecurve, the upcoming hybrid exchange that combines centralized and decentralized features, managed to grab the attention from investors and traders looking for innovative projects to get into. With the growth in appeal surrounding Tradecurve, we saw an increase in the value of its native token, TCRV.
Tradecurve has a promising future, as it offers a unique blend of features, such as zero requirements for KYC, or FIAT currencies, which leads to a high level of decentralization and anonymity. Additionally, the platform has numerous features that help it differentiate itself, such as high leverage starting at 500:1 and algorithmic trading, where each user is able to subscribe to automated and AI-driven trading bots.
Only a few platforms allow cryptocurrencies, with other exchange-traded assets, to get access from a single account. Tradecurve changes this as it enables anyone to trade US and European equity CFDs, forex, indices, cryptocurrencies, commodities, options, bonds, and ETFs all from a single account. Users can just deposit crypto and then use that crypto as collateral whenever they make trades.
Due to this access to multiple derivatives on a single account, traders can easily begin exploring the various investment types, diversify, and capitalize on opportunities across different markets. To further bolster transparency, the team will also implement Proof of Reserves (PoR) that will prove the exchange always has enough capital to cover user balances.
TCRV also carries a high level of functionality with it, from discounts on the subscription models to the governance power it provides, and it has especially appealed to investors as it can be staked, providing them with an additional stream of income. During Stage 4 of its presale,the token trades at $0.018.
The team estimates that they will onboard 100,000 users during the first three months of operation, and the platform will also raise $20 million during the presale. Once listed on the Tier-1 exchange and the Uniswap DEX at launch; analysts predict that its value can surge by 100x.
For more information about the TCRV presale:
