Cryptocurrency investors and traders are consistently diversifying with different cryptocurrencies with the goal of staying ahead of the downward trend of the market, but Chainlink and Arbitrum have recently seen a decrease in their value, with their bearish strain worrying everyone.
There is a new project in the blockchain space that is expected to grow by 25% very soon, and that project is Tradecurve. We will analyze the value of each one of these cryptocurrencies to know what to expect.
Summary:
- Chainlink has dipped in value by 14.9% in the last month, prompting investors to diversify.
- Arbitrum sees a decrease in its value by 20.5% in the last 30 days and dips to $1.11.
- Tradecurve can climb by 25% at the next stage of its presale and 100x in value at launch.
Chainlink (LINK) Showcases Bearish Performance
Chainlink has seen a large decrease in value, whereas, in the last month alone, it has been down by 14.9%. As of May 26, 2023, LINK trades at $6.35. In the previous 14 days, it has been down by 1.5%, and in the last week, it has been down by 2.3%. The low point for Chainlink in the last week was at $6.24, while the high point was at $6.37.
With this performance in mind, it is clear that Chainlink is bearish and will likely keep going down in value in the near future. As a result, many Chainlink investors have begun diversifying with an alternative project.
Arbitrum (ARB) Decreases in Value
Arbitrum’s performance has also been bearish, as the cryptocurrency has seen a downward trend throughout the previous few days, and its value has slipped to $1.11. This comes due to the broader market selloff, in which there is a bearish sentiment on cryptocurrencies.
When we go over the value of the Arbitrum (ARB) cryptocurrency, in the last 30 days, it saw a total decrease in its value by 20.5%. It has since then returned to $1.17 as of May 26, 2023. While Arbitrum did manage to recover 6.7% of its value in the last 24 hours, it is still seen as a risky investment, and Arbitrum investors need to look elsewhere for high-growth altcoins.
Tradecurve (TRC) To Spike By 25%
Tradecurve is undergoing Stage 2 of its presale, where it trades at just $0.012. The presale is 91% complete, and once this stage completes, Stage 3 starts and its value will increase to $0.015 (25%).
The Tradecurve exchange, unlike centralized alternatives, does not require users to complete a KYC procedure in order to use it. Moreover, it will feature Proof of Reserves (PoR) in order to maintain its transparency and security. Each user will get access to high leverage, starting at 500:1, and will be able to utilize features like a VIP account system, algorithmic trading through AI, negative balance protection, and a lot more.
Newbies are not forgotten, as they can get access to a dedicated trading academy. Each user can trade both cryptocurrencies and any other derivative they want to, and the process is sully decentralized, where users remain in full control over their private keys.
Analysts predict that TCRV can climb in value 100x when it launches.
For more information about TCRV presale tokens:
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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