Shiba Inu prints its first death cross in 2023, but the upcoming Shibarium update might potentially reverse the downward trend, while Tradecurve soars 10x, entering the second stage of presale. Analysts see potential in their decentralized hybrid trading platform and demand for the TCRV token that comes with it.
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Should you buy Shiba Inu? SHIB in Trouble Ahead of Shibarium Update?
Shiba Inu has a history of reacting quickly to ecosystem upgrades and has now confirmed a bearish “death cross” on the D1 chart as the SMA 50 crossed below the MA 200. The bearish crossing of the two indicators shows signs of a further move down, at least according to technical analysis.
However, some might argue that this is a classical bear trap scenario and the building of a market bottom. If history is any indicator, a “death cross” is, more often than not, known for catching traders on the wrong side. SHIB’s daily RSI remains hovering around 30, which suggests the oversold state is flattening out.
The upcoming Shibarium update might help Shiba Inu get back on track. The Shiba Inu development team is constantly working on the implementation of VOR and OoO. The smart contracts 0o0 and VOR Router will be deployed on Shibarium Layer 2 with the activation of the Oracle apps to fulfill data requests. Shibarium is steadily reaching completion, and the very important recent test token transfer was successful.
Shiba Inu’s ecosystem is set to see its full potential with Shibarium unleashed, and investors see the demand in the metaverse and the potential of the token. The price of SHIB was trading at $0.0000087 at the time of writing, down over the last 24 hours.
Tradecurve’s Derivatives Hybrid Trading Platform
Due to various governments’ stringent restrictions or simply a lack of access to decent brokerages, many citizens do not have the possibility to trade and earn income in the derivative markets.
Tradecurve addresses this issue by connecting traditional finance with the DeFi industry and enabling the trading of multiple financial markets such as forex, commodities, options, futures, and cryptos. TCRV is the native token based on Ethereum and will be listed on tier 1 CEXs as well as Uniswap.
Tradecurve provides high leverage, beginning at 500:1. Thanks to their metaverse learning academy, everyone gets to learn from great traders. For subscribers, access to AI trading algorithms and copy trading is available meaning that anyone can get started even with minimal knowledge, and the staking program gives TCRV token holders an opportunity for passive income.
Tradecurve is one of the few trading platforms that accept cryptocurrency deposits and use them as collateral without requiring any KYC. The onboarding process is simple. All that’s needed is to register with your email address, connect your wallet, deposit the cryptocurrency of your choice, and you are ready to trade in various financial markets.
Tradecurve offers a one of a kind trading platform that focuses on anonymity and security while providing access for everyone.
Analysts see Tradecurve’s next-level market potential and forecast a 50x for the presale period alone, with a possible 100x following the listing on major exchanges. The Tradecurve presale has entered its second stage, and it’s very early to get in with TCRV tokens now available for purchase at $0.012.
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