Dogecoin price up 4%, Conflux and Tradecurve set market leading returns

Dogecoin pumped by 4% on the 29th of May, before erasing most of its gains in the last couple of days, perhaps due to a class action lawsuit against Elon Musk for insider trading. Conflux sees a pump due to Hong Kong allowing retail traders to access crypto, whilst Tradecurve offers borderless access to all kinds of financial products.

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Dogecoin pumps but then slumps

A small pump occurred recently for Dogecoin. However, as is almost always the case, the key moves are influenced by Elon Musk.  Dogecoin saw highs of over $0.10 on the 4th of April, after Musk changed the Twitter logo to a Shiba Inu dog, which is the meme of Dogecoin.  

Musk is finally facing some trouble for his long standing price affecting actions connected to Dogecoin. The in-progress lawsuit against him for insider trading, is set to be amended once again, with the words "This is a securities fraud class action arising from a deliberate course of carnival barking market manipulation and insider trading".

Ironically by using the word 'barking' it seems that even his detractors are jumping on the dog based bandwagon.

Musk has previously hit back at his accusers, stating that tweeting funny pictures and making whimsical comments does not equal market manipulation.

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'Chinese Ethereum' Conflux responds positively to Hong Kong pro-crypto regulations

Although Conflux has experienced a minor correction of 5.8% over the last 30 days, it is showing market-beating returns as it is up by 255% over the last year, unlike Bitcoin which is still down by just under 10% from this time last year.

According to Unifra Network, who provides a public node for the Conflux network, Conflux has seen a lot of growth over April and May, reaching record levels.

This recent uptick may be to do with Conflux's connections with China, since Hong Kong recently decided to allow retail investors to trade crypto. Many see this as a sign that it will attract Chinese traders.  This caused the CFX price to rise by 11% with some calling the crypto the "Chinese Ethereum". Although the gains were short lived, as profit takers came in, the overall sentiment is bullish.

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Tradecurve is set to capitalize on allowing 'ordinary' people to accessing financial instruments

As the Conflux news shows, anything that aids the global economy in trading crypto and other financial products, is a big win for crypto, and for the projects that facilitate it.

Tradecurve is aiming to do just that, being in the process of launching a decentralized trading platform that offers access to crypto, bonds, stocks, CFDs, leverage and more.

The company is building its platform on the blockchain and is based in St Vincent and Kitts, who allow brokerages to offer access to forex and stocks, no matter where the trader is based.  

In practice this means that DeFi based Tradecurve can offer all of these financial instruments to anyone from around the world, without needing KYC or any other invasive things, which are standard practice in TradFi.

It also allows them to safely offer high leverage, meaning that people with small balances have the potential to make highly profitable trades. This is done by using crypto as collateral and having negative balance protection.  At the same time, all of this is done through your DeFi wallet, meaning that you truly own your keys and therefore your crypto.

Their token is currently on sale at $0.018 in the 3rd stage of presale, and is forecasted to grow by 100x after it goes live on major exchanges.

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