The Bitcoin (BTC) cryptocurrency has been the most sought-after coin in the entire blockchain space. Being number one in market capitalization, however, carries a high level of demand but risk as well.
Its value has completely stagnated, and as a result, investors are consistently looking at alternative ways to diversify their holdings.With this recent drop in the supply, many have moved towards presale-stage project Tradecurve as it offers institutional-level liquidity.
Summary:
- The supply of Bitcoin (BTC) across all cryptocurrency exchanges fell to its lowest point since December 2017.
- Tradecurve is the latest hybrid exchange that offers institutional-level liquidity.
- The TCRV token can climb in value by 100x at launch, and investors are taking note.
Bitcoin (BTC)’s Lower Supply and Stagnating Value
Bitcoin (BTC), throughout the previous month, has consolidated in regard to its value. There has also been a 14.87% decrease in the amount of Bitcoin (BTC) held in all exchanges throughout the previous year, based on data from Coinglass. Currency exchanges hold 1.89 million Bitcoin (BTC), a decrease from the 2.22 million held in May of 2022.
This means that investors have begun to move cryptocurrencies off of exchanges and into their personal cryptocurrency wallets, indicating a growing interest in self-custody. This also creates a less liquid supply on exchanges, and a short-term rise in the value of Bitcoin (BTC) can occur if demand increases.
As for the value of the Bitcoin (BTC) cryptocurrency, as of May 23, 2023, the cryptocurrency trades at $27,313.38. Bitcoin (BTC) had its weekly low point of $26,739.88 and its weekly high point of $27,420.14. In the past 30 days, Bitcoin (BTC) decreased by only 1.3%.
Tradecurve (TCRV) and The Value it Brings To The Blockchain Industry
As exchanges like Kraken, Binance, and others face issues as investors move towards self-custody, Tradecurve aims to change the industry by introducing a platform where no KYC procedure is required and where users have a higher level of privacy and control over their cryptocurrencies. A significant part of the appeal behind the blockchain industry is anonymity and security.
Tradecurve will implement Proof of Reserves (PoR) to bolster transparency. It will let users trade cryptocurrencies and enable them to trade stocks, forex, commodities, and all derivatives from a single account. The goal of Tradecurve is to remove any barriers to entry into the world of trading and enable institutional-level deep liquidity with fast execution.
Tradecurve is the only platform that enables users to deposit crypto and then use it as collateral to trade derivatives without the need to complete KYC requirements. It has high leverage starting from 500:1 and enables algorithmic trading. The global foreign exchange market was valued at US$ 753.2 Billion in 2022. (source: Marc impactful insights). As such, Tradecurve can become a dominant force and take up a considerable portion of that value and market.
During its Stage 2 presale, the TCRV utility token trades at just $0.012. Analysts have predicted that the cryptocurrency can climb in value by 100x when the platform launches. The team also expects to onboard 100,000 users within the first three months of operation.
For more information regarding Tradecurve’s presale, see links below:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
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Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
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