The cryptocurrency market recently endured a major hit over regulatory pressure on the biggest crypto exchanges. Despite being one of the worst-hit altcoins, Dogecoin (DOGE) holders have chosen to support the meme coin, with many whales increasing their DOGE stakes.
In other crypto news, a new hybrid exchange has come out as a top challenger of Binance, and experts have pointed to some features that could give Tradecurve the edge over the world's biggest crypto exchange.
Not listed as unregistered security by the Securities and Exchange Commission's (SEC) lawsuits against Binance and Coinbase has seen the Dogecoin community re-echo their support for the meme coin.
Championing the support for Dogecoin, the self-acclaimed Doge father, Elon Musk, tweeted "DOGE ftw" – the abbreviation "ftw" means "for the win."
On-chain metrics also support the bullish stance of Dogecoin holders. Santiment has reported that over the last 90 days, the mean coin age of Dogecoin has been steadily increasing.
Coinalyze also reported a steady demand in the futures market for DOGE, hinting at significant backing from Dogecoin buyers attempting to force another bullish rally.
Caught in the SEC's web, Binance has been forced to delist some assets and negotiate a deal with the regulator to avoid a total asset freeze. The regulatory pressure on Binance has led to many of its users migrating to other trading platforms – especially decentralized trading platforms, and this is where its new challenger, Tradecurve shines.
In building a decentralized trading platform, regulatory pressures are non-existent for Tradecurve. This also means its users will be able to open accounts without KYC requirements and trade anonymously from anywhere in the world – options not available on Binance.
All users need to do is register by providing their email addresses, connect an existing wallet, deposit crypto, and begin trading thousands of different markets.
Tradecurve also spots advanced trading features which have been attracting traders, including negative balance protection, very low trading fees, low latency, ultra-fast order execution, powerful trading terminals, and instant deposits and withdrawals.
Market experts have predicted that Tradecurve will steal more market shares from Binance because it offers more features than the centralized exchange. This leads to the bullish forecasts of Tradecurve's native utility token, TCRV.
Now trading at $0.018 in the third stage of its presale, experts have predicted that as more traders migrate to Tradecurve, TCRV could trade as high as $1.5 at the end of the year – gains of up to 100x when the platform launches.
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