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Due to regulatory pressure on the largest cryptocurrency exchanges, the market for cryptocurrencies recently took a significant hit. Dogecoin (DOGE) holders have opted to support the meme coin despite being one of the worst-hit altcoins, with many whales increasing their DOGE stakes.
In other cryptocurrency news, a brand-new hybrid exchange has emerged as one of Binance’s main rivals, and industry insiders have identified a few features that might give Tradecurve the upper hand.
Summary
- Despite the bearish market, Dogecoin holders are still optimistic about the future of the cryptocurrency.
- In advance of a bullish market, Dogecoin’s on-chain metrics indicate increasing accumulation.
- Tradecurve, a new rival to Binance, promises sophisticated trading features not present on decentralised exchanges.
Dogecoin Holders Remain Bullish Despite Market Performance
The Securities and Exchange Commission’s (SEC) lawsuits against Binance and Coinbase have caused the Dogecoin community to reiterate its support for the meme coin, which is not listed as an unregistered security.
Elon Musk, the self-described “Doge father,” tweeted “DOGE ftw,” which stands for “for the win,” to promote support for Dogecoin.
The bullish attitude of Dogecoin owners is also supported by on-chain metrics. According to Santiment, Dogecoin’s mean coin age has been steadily rising over the past 90 days.
Additionally, Coinalyze noted a consistent demand in the DOGE futures market, suggesting significant support from Dogecoin buyers looking to compel another bullish rally.
Binance Has a New Challenger, Tradecurve
Binance was forced to delist some assets and reach an agreement with the regulator after becoming entangled in the SEC’s web in order to prevent a complete asset freeze. Many of Binance’s users have migrated to other trading platforms as a result of regulatory pressure, particularly to decentralised trading platforms, where its new rival Tradecurve excels.
Tradecurve is not under any regulatory pressure to create a centralised trading platform. This also means that users will have access to options not offered on Binance, such as opening accounts without the need for KYC and trading anonymously from any location.
Users can start trading thousands of different markets immediately after registering by providing their email addresses, connecting an existing wallet, and depositing cryptocurrency.
Tradecurve also identifies cutting-edge trading characteristics that have drawn traders, such as negative balance protection, extremely low trading costs, low latency, ultra-fast order execution, potent trading terminals, and instant deposits and withdrawals.
Tradecurve offers more features than the centralised exchange, according to market experts, so it will overtake Binance in terms of market share. This results in the positive predictions for TCRV, the native utility token of Tradecurve.
Experts have predicted that as more traders switch to Tradecurve, the price of TCRV, which is currently trading at $0.018 in the third stage of its presale, could rise as high as $1.5 by the end of the year, representing gains of up to 100 times when the platform launches.
Dogecoin: From Meme to Global Cryptocurrency Sensation
DogeCoin’s viral fame, fueled by memes and a dedicated community, propels it into the mainstream. This quirky cryptocurrency is rewriting the rules of digital finance. #DogeCoin #CryptoRevolution
Dogecoin: The Rise of a Playful Cryptocurrency
In the world of cryptocurrencies, Dogecoin has recently become a fascinating phenomenon. This virtual currency was initially developed as a humorous joke, but it quickly gained popularity and a devoted following. What was once a meme-inspired coin has evolved into a significant player in the cryptocurrency market.
Software developers Jackson Palmer and Billy Markus launched Dogecoin in 2013. Shiba Inu dog-themed “Doge” meme served as inspiration for the developers, who wanted to make a lighthearted cryptocurrency that stood out from other serious digital assets.
Despite its modest beginnings, Dogecoin’s popularity soared as a result of its vibrant and enthusiastic community. The Dogecoin community embraced the playful nature of the coin and used it for online tipping and several charitable causes.