Elon Musk cautions against Dogecoin (DOGE) and Shiba Inu (SHIB) in an attempt to distance himself from these projects. This comes after a class action lawsuit was launched against Musk for insider trading. It alleges that he personally profited by selling approximately $124 million of Dogecoin (DOGE) in April after replacing Twitter’s bird logo with the dog mascot.
While the courts battle it out, Tradecurve (TCRV), a brand-new trading platform, continues to show impressive growth metrics and looks set to become the number one DeFi trading platform by early 2024.
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Tradecurve (TCRV) A Lesson in Growth
Tradecurve is a shining example of a unique value proposition and high-growth model. The platform delivers financial inclusion with unfettered access to forex, commodities, stock, and crypto markets from a single unified platform. And with no KYC procedure, Tradecurve allows traders to retain anonymity.
Tradecurve removes all the typical barriers to market speculation and delivers what can only be called a futuristic trading experience with its institutional-level liquidity and slippage-free trading. Access to various asset classes, or lack thereof, has long held back decentralized trading platforms; until Tradecurve.
Analysts have already forecast that $TCRV will rally 5,000% before the presale closes. And with the protocol planning to introduce Proof of Reserves and register 100,000 traders within three months of operation, its current trajectory sees it becoming an established player rivaling giants like Coinbase and Kraken before the year closes. Analysts have compared the Tradecurve ICO to the famous $BNB ICO, where Binance listed $BNB at $0.15- the rest is history. A masterclass in growth, providing value, and one of the market’s most undervalued projects.
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Dogecoin (DOGE) Market Manipulation?
Musk has landed himself in hot water Dogecoin (DOGE), and investors will have to wait to see the final conclusion of the lawsuit. Musk replacing the Twitter logo with the Dogecoin (DOGE) mascot did cause the Dogecoin (DOGE) to pump nearly 30%. His decision to sell a large portion of his Dogecoin (DOGE) holdings at this moment could be considered market manipulation.
Musk’s fascination with Dogecoin (DOGE) has been long, and a rollercoaster for Dogecoin (DOGE) holders as his actions have inadvertently caused it to pump and dump periodically.
Dogecoin (DOGE), regardless of Musk, remains the largest memecoin by market cap and is a top ten crypto project. Price predictions for Dogecoin (DOGE) forecast the project trading between $0.13 and $0.16 in 2024, showing analysts still believe there is some upside potential.
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Shiba Inu (SHIB) Memecoin Mania Over
Shiba Inu (SHIB), although not directly held by Musk publicly, always receives second-order effects from his actions due to its tight association with Dogecoin (DOGE). Shiba Inu (SHIB), the second largest memecoin by market cap, however, has attempted to distinguish itself from its rival.
Ryoshi, the anonymous developer behind Shiba Inu (SHIB), has increasingly begun adding utility aspects to the Shiba Inu (SHIB) ecosystem to make it more than just a memecoin. Shiba Inu (SHIB) also has improved its tokenomics.
The protocol’s burn campaign could level up with Shibarium, a new layer two scaling solution native to Shiba Inu (SHIB), introducing a new burn mechanism. This bolstered deflationary campaign made analysts optimistic, and they forecast Shiba Inu (SHIB) trading anywhere between $0.00002041 and $0.00002512 in 2024.
They believe Shiba Inu (SHIB) has more upside potential than Dogecoin (DOGE). But both pale in comparison standing next to Tradecurve and its mission to deliver trading without borders.
Find out more about the Tradecurve presale here: