The crypto market has once again witnessed a huge sell-off as regulatory sanctions throw investors into panic mode. Popular meme coin, Shiba Inu (SHIB), has been one of the worst hit by the crypto market downtrend, with its price tumbling by 23.8%.
Meanwhile, investors are now closely monitoring the price movements of Tradecurve tokens, TCRV which has been bullish in the past month. The question now is, where will the price of Tradecurve go in the bearish market?
Shiba Inu (SHIB) is Price Down 23.8%
Following a price jump of 17.3% from its low of $0.00000600 to $0.00000704 on Saturday, Shiba Inu is now facing renewed selling pressure. The negative sentiment surrounding the memecoin is fueled by the ongoing lawsuits against cryptocurrency exchanges and the potential delay of the Shibarium launch. As a result of the prevailing negativity, Shiba Inu’s price witnessed a sharp decline of 23.8% on June 12th, falling to $0.00000602.
Currently, according to CoinMarketCap, the price of Shiba Inu (SHIB) stands at $0.000006775907, a 2.70% increase in price over the last 24 hours. Conversely, trading volume on the Shiba Inu blockchain has dropped by 26.40% to $96,718,590 in the last 24 hours. Presently, the decline in the meme coin’s price appears to be limited to the $0.00000640 level, but signs of recovery remain elusive.
Meanwhile, the release of U.S. consumer inflation data, scheduled for June 13th, could potentially impact Shiba Inu dynamics. If inflation accelerates, it may exert additional pressure on the token, and bears might test the range of $0.00000620-0.00000600. Conversely, a rebound to the $0.00000700-0.00000730 range is possible in the event of lower inflation.
Where Will the Price of Tradecurve (TCRV) Go Next?
Despite the prevailing price uncertainty surrounding Shiba Inu, Tradecurve’s utility token, TCRV, has experienced a remarkable surge, rising from $0.01 to $0.015 during the month of May. However, investors are wondering what next. According to experts, the token’s price could surge 50% in the next coming weeks.
Several factors could contribute to this impressive price jump, one of them being the utility offered to TCRV holders, including governance rights and staking rewards. A key driver of TCRV’s rise is Tradecurve’s development of a hybrid platform poised to rival centralized exchanges such as OKX and Kraken.
This innovative platform aims to combine the advantages of centralized and decentralized exchanges, presenting users with unique benefits from both markets. In addition to this, Tradecurve facilitates the trading of various assets, encompassing commodities, cryptocurrencies, forex, CFDs, and stocks, all within a single account. This approach allows investors to access multiple markets seamlessly through one unified platform.
Currently, a TCRV token is valued at a modest $0.015, offering an enticing investment opportunity for those seeking portfolio diversification and asset expansion. The potential for a substantial 100x price surge is also another factor to consider, making this an opportune moment to accumulate the TCRV token.
