Uniswap Underperforming On The Charts, Tradecurve Hits New Milestone With $3million Raised

After experiencing a prolonged period of substantial losses, cryptocurrencies are currently displaying strong signs of bullishness to the delight of many investors. While Tradecurve has attained a new milestone during its token presale, Uniswap failed to join the uptrend and is showing bearish price movements on the daily chart.

Uniswap (UNI) Underperforming On The Charts

Despite the anticipation surrounding the advancements brought by Uniswap’s V4, there have been limited improvements in the price of the native token, Uniswap (UNI), and the total value locked (TVL) in the network, which currently stands at $4.055 billion. Although Uniswap (UNI) has experienced a modest increase of 6.3% over the past week, the rate of gains has slowed down when examining the daily chart. 

Presently, the price of Uniswap (UNI) is $5.40, declining by -2.77% in the last 24 hours. The trading position of Uniswap (UNI) is slightly above the 50-Day Simple Moving Average (SMA) but currently below the 200-Day SMA of $5.74, potentially posing significant resistance for Uniswap (UNI). The Relative Strength Index (RSI) value is at 63.18, indicating that the UNI market is presently in a neutral state.

Should Uniswap fail to hold its current price level, there is a possibility of a decline to $5. Furthermore, if the token struggles to maintain a value above $5, it could potentially lead to UNI trading close to or even below the $4.80 price range. It is worth noting that there has been a notable increase in trading volume during recent sessions. As of now, the network’s trading volume has surged by 65.20% in the past 25 hours, indicating a significant influx of buyers into UNI. 

Tradecurve (TCRV) Reaches New Milestone

Tradecurve has achieved a significant milestone by attracting 13,500 registered users even before its official launch. Based on this impressive growth rate, the team anticipates onboarding a total of 100,000 users within the first three months of operation. 

Also, in the predominantly bearish month of June, the price of Tradecurve managed to go on a sustained rally. As a result, Tradecurve (TCRV) closed June with gains of 80%, with TCRV setting a new trading high at $0.018.

Tradecurve (TCRV): Benefits Of The TCRV Token

One of Tradecurve’s standout features is its elimination of Know Your Customer (KYC) requirements which allows traders from across the world to trade anonymously on the platform. Also, users can deposit cryptocurrencies as collateral and gain access to a wide range of trading options, including US and European equity CFDs, options, ETFs, commodities, forex, indices, cryptocurrencies, and bonds.

Meanwhile, Tradecurve aims to disrupt the existing trading landscape by providing a decentralized trading hub. The platform will offer enhanced transparency, competitive fees, increased liquidity, faster transactions, and an extensive selection of tradable assets. 

Uniswap Vs. Tradecurve: What Are Analysts Saying?

With the current performance of Uniswap on the daily chart, analysts have advised that investors halt involvement until the token forms a clear pattern. On the other hand, many analysts have joined the purchase of Tradecurve, as TCRV has formed a bullish pattern for a 40% price surge over the next week.

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