After scoring a major milestone partnership with Alibaba, the popular Ethereum competitor, Near Protocol (NEAR) has returned to bearish territory.
In contrast, a major bull run for Tradecurve (TCRV) has inspired a wave of new investors, with the platform onboarding more than 12,500 new users over the month.
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Near Protocol (NEAR) Dips Hard
On June 26, Near Protocol announced a partnership with Chinese tech behemoth Alibaba Cloud, leading to a price surge for the NEAR token. The partnership which will see both entities work together to support the development and adoption of Web3 in Asia and the Middle East was received as a major milestone for Near Protocol.
As part of the partnership, Near Protocol validators can now issue the “plug-and-play” infrastructure of Alibaba Cloud on the Near blockchain. The aim of the collaboration is to attract more developers to begin building on Near Protocol. However, the bullish performance of Near Protoco (NEAR) was short-lived as bears have reclaimed control of the market.
Over the last 24 hours, the price of Near Protocol (NEAR) has plunged by 4.5%, bringing its total losses over the last two days to approximately 20%. At the time of this writing, Near Protocol (NEAR) trades at $1.32 per token and has lost the gains acquired after its partnership with Alibaba Cloud was announced.
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Tradecurve (TCRV) Experiences Spike in New Users Amidst Price Jump
On the more positive side of the crypto market is Tradecurve, a new hybrid trading platform that has seen a hoard of new users registered on the platform amidst its bullish performance.
Over the last month, Tradecurve has recorded more than 12,500 new users as the price of its utility token, TCRV, has increased by a remarkable 80% to set a new high at $0.018.
New users are trooping into Tradecurve to experience trading financial instruments from the derivatives market with crypto.
On this new hybrid exchange, users will be able to trade assets from the forex, commodities, stocks, and options market from a single account, beating the likes of Binance in the number of supported assets.
At its current growth rate, crypto experts have forecasted that Tradecurve has the potential to overtake other crypto exchanges and challenge Binance for the top crypto exchange position in 2023.
This bullish oversight of the Tradecurve platform also affects its native token, TCRV. While Tradecurve trades at $0.018 per token, experts have predicted that it won’t remain at this price for long, as the token could easily trade above $1.5 before the end of the year.
Prepare for The Next Bull Run
With the crypto market expected to embark on a major bull run in the second half of the year, crypto analysts have urged investors to stack up tokens with huge upside potential.
Tradecurve currently ranks at the top of that list and is offering investors a great opportunity to join the train with a 50% purchase bonus for every TCRV token until July 3.
To find more information about Tradecurve and the TCRV token, visit the links below:
