Whenever a project sees a significant level of success and popularity, there is always another upcoming project around the block ready to take its place. Dogecoin originally made a name for itself in 2013 when it launched as a joke, but over time others saw the potential the meme industry has, so similar meme projects were created one of them being Shiba Inu which challenged Dogecoin for top spot.
History is repeating itself as the same thing is happening now but only with exchanges, as Binance faces a lot of backlash and users are losing trust with the exchange, newcomer Tradecurve it's showing a lot of promise with its unique features. We will jump into each project to see why this has been the case.
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Dogecoin (DOGE) was originally created as a fork of Litecoin and is a meme-coin that can be mined using Proof-of-Work (PoW) and serves the role of a transfer of value.
However, Shiba Inu (SHIB) was released to compete against Dogecoin and is a meme-coin that features its own ecosystem. From ShibaSwap to SHIB – The Metaverse, and three altcoins that are a part of it, including BONE, LEASH, and TREAT, it's far more technologically advanced.
Both of these altcoins tend to be influenced by news and updates, and Tweets from Tesla CEO Elon Musk; however, Shiba Inu has a much higher level of utility due to its vast ecosystem. As of May 25, 2023, Dogecoin trades at $0.070508. In the last 30 days, Dogecoin decreased by 10.2%. Shiba Inu, on the other hand, trades at $0.00000847. In the last 30 days, it saw a decrease of 17%, indicating that it fell in value more than Dogecoin did, despite its advantages.
Binance is one of the most popular and well-known exchanges on a global scale that uses its own BNB cryptocurrency that can be used for the payment of transaction fees and for staking.
However, the Binance exchange has been restricting specific users and requires them to complete the KYC procedure and typically users are only allowed to trade cryptocurrencies on the platform which has high fees.
On the flipside, Tradecurve is a hybrid exchange that lets users trade cryptocurrencies and any other derivative without needing to complete the KYC procedure. Just by making a deposit, users can utilize their cryptocurrency as collateral and make trades of any cryptocurrency or derivative on top of the platform at the lowest fees.
Newbies will get access to a dedicated trading academy, and advanced traders can enjoy high leverage starting at 500:1, a VIP account service, negative balance protection, and more. During its presale, at Stage 2, the TCRV utility token trades at $0.012.
Analysts predict that it can climb 50x during the presale and 100x at launch. The team will onboard 100,000 clients during the first three months of operation and will implement Proof of Reserves (PoR) to bolster transparency.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.