Litecoin and Avalanche, two of the market’s most popular assets, are struggling to gain momentum following a recent price crash. Both projects have seen a steady decline in their value and trading activity over the last five days as the SEC’s new lawsuit causes havoc throughout the market.
While Avalanche and Litecoin holders debate whether or not to hold or sell, Tradecurve has hit a new all time high, providing bullish investors with a return of 50%.
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Avalanche Drops Below $14
Avalanche experienced a turbulent first half of the year in 2023. In Q1 Avalanche was one of the best performing projects in the crypto market, hitting prices of $21 before crashing down to $14. Avalanche has now repeated this trend in Q2, increasing to $21.21 before decreasing to its current trading price of $13.81.
However, Avalanche is now struggling to rebuild its momentum. In the last five days, Avalanche’s price has decreased in value by 5.93%, and while some projects have now gone green the project has continued to decline with a 24-hour decrease of 0.66%.
That being said, while Avalanche’s short term returns leave much to be desired, the Avalanche ecosystem is one of the fastest growing in the DeFi market. Every month new projects are being deployed on Avalanche, which is now ranked the 7th largest blockchain in the world.
With this in mind, Avalanche could recover in the next few months, though its returns in June may be limited.
Litecoin Sees Positive Returns Before Crashing A Second Time
Litecoin (LTC) was previously praised for its fast recovery following the new SEC lawsuits. It slightly increased in value while other projects continued to decrease in price. However, Litecoin has since declined again, losing 0.50% of its value in the last 24 hours.
While the Litecoin community remains optimistic about the project’s growth and its new partnership with Metalph Technology Holding Ltd (MATH), returns from such deals are likely to be more long term than short.
As a result, some experts remain bearish on Litecoin in the short term. At the time of writing Litecoin was trading at $87.56, with some investors suggesting it could decline further to $85. Nonetheless, once the market begins to stabilize experts predict that Litecoin could easily rise to $95, and as a result, most Litecoin investors are keeping their holdings.
Tradecurve Hits New ATH As Stage 3 Presale Booms
When it comes to momentum Tradecurve is one of the most exciting projects in the market. Since its presale started Tradecurve has increased in value by 50% and is now on track for another price increase as stage 3 of its presale quickly sells out.
Few projects in the market are scaling as quickly as Tradecurve, which has experts predicting a 50x return for early investors in the project. In fact, it’s become so popular that analysts are comparing Tradecurve’s presale to the Binance ICO.
Tradecurve seems to have arrived at the perfect time. As a decentralized hybrid exchange, Tradecurve could become a top alternative to exchanges like Coinbase and Binance, both of which are now in a legal dispute with the SEC.
Tradecurve provides a safe and secure way for investors to trade anonymously with leverage of 500:1, lucrative educational tools, and seamless transactions which can be completed using external DeFi wallets. These features make it an ideal alternative to traditional exchanges and could heavily disrupt the current market.
For more information about the Tradecurve (TCRV) presale:
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