Algorand Price Prediction – TRON (TRX) Drops Further While Tradecurve Expected to 100x in 2023

Tradecurve has emerged as the most attractive investment option in cryptocurrencies. While Tradecurve (TCRV) is projected for a 100x rise this year, cryptos like Algorand (ALGO) and TRON (TRX) have lost their market share due to continuous falls. Whales and experts have a positive take on this new project, whose presale has garnered massive attention. 

Algorand (ALGO) Fails To Increase Traction

Algorand investors are going through a rough patch as ALGO’s value has plunged in the last four months. Algorand’s (ALGO) price has plummeted by more than 59% from its 2023 peak, its lowest since March 2020. According to experts, Algorand’s failure to attract new developers has been a prime reason behind its decline. 

The data from DeFiLlama has shown that only 25 DeFi dApps are operating in the Algorand ecosystem. Besides, investors are wary about the sustainability of Algorand as some reports have claimed that ALGO can be delisted from several exchanges. 

Reportedly, SEC labelled Algorand as a security in the Bittrex lawsuit, after which some exchanges have considered delisting ALGO. Meanwhile, Algorand is available to trade at $0.12.

TRON’s (TRX) Development Activity Plummets

In a move to boost its liquidity, TRON has announced that its native token, TRX, will now be accessible on the Ethereum network. It will facilitate the movement of assets and data between the TRON (TRX) and Ethereum networks. 

The TRON community is pleased with this development, as TRX holders can now access numerous DeFi protocols operating on the Ethereum network. However, experts have raised concerns over the declining development activity on the TRON network. 

According to the latest data from Santiment, TRON’s development activity has tumbled from 0.80 to 0.56. At press time, TRON’s total value locked (TVL) is down by 2.12% on the 24-hour chart. Meanwhile, TRON is changing hands at $0.0777.

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Tradecurve Is the Project To Watch This Year

The number of cryptocurrency users has exploded in recent years, with a growth rate of more than 8000% since 2016. Therefore, the user base of crypto exchanges is also booming. Propelling this market expansion further, Tradecurve (TCRV) has entered the market with an all-inclusive decentralized exchange.

It combines cryptocurrencies and several other tradable derivatives on one platform. Unlike existing centralized exchanges, which charge exorbitant transaction rates, the new platform offers trading at the lowest fees. While existing exchanges like Kraken and ByBit have KYC checks, Tradecure allows people to trade without submitting any personal data.

Platform users can generate extra income by staking their TCRV tokens to its liquidity pool, which will be locked for three years. Token holders will also receive discounts on trading fees and bonuses. 

A token is currently purchasable at $0.025. Its value has been foreseen to pump by 80x during the presale round. The platform is eyeing a raise of over $20 million during the presale and is expected to give 100x profit to its investors this year.

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