Cryptocurrencies have long been viewed as an exciting new investment opportunity, attracting many venture capitalist firms over the years. VC firms are often attracted to promising startups, and the presence of venture capitalists in a crypto project is often interpreted as a bullish signal.
Solana and Cosmos are two crypto projects currently enjoying backing from venture capitalists. Despite the backing from VCs, these are not the best-performing altcoins, as a new altcoin, Tradecurve (TCRV) has emerged top of the market thanks to support for its revolutionary trading platform.
Venture Capitalists Are Bullish On Solana and Cosmos
Both Solana (SOL) and Cosmos (ATOM) suffered significant losses last week after the Securities and Exchange Commission (SEC) labeled them unregistered securities in lawsuits filed against Binance and Coinbase. Disregarding the downtrend and potential result of the lawsuit, venture capitalists have remained bullish on Solana and Cosmos.
According to Chris Burniske, a former analyst at ARK Invest and the co-founder of the venture capital firm Placeholder, the recent downtrend of Solana and Cosmos is negligible in the grand scheme of things. Burniske explained that VC firms remain bullish about Solana and Cosmos because they are two projects that speak to venture capitalists the most.
The co-founder of Placeholder also shared a screenshot where some of his colleagues declared they don’t care what the SEC thinks about Solana and Cosmos. There is interest in both projects as Solana is touted to become the ‘Apple of crypto’ while Cosmos could unify the entire blockchain ecosystem. While 2023 may be marked by downtrends for both assets, Chris Burniske says 2024 would be their redemption arc.
Meet the Altcoin Leading the Crypto Market Charge
Although Solana and Cosmos have attracted attention from venture capitalists, they aren’t the best-performing cryptocurrencies on the market.
During the market-wide downtrend sparked by the SEC’s lawsuits, a new altcoin, Tradecurve (TCRV), experienced a 20% price jump, as the token shot up from $0.015 to $0.018. In addition to being the top-performing crypto over the last couple of weeks, experts have predicted even more gains for TCRV in the coming weeks.
The bullish sentiments for TCRV come from the potential of the Tradecurve platform, which is going to be the first DeFi trading platform where users will be given the opportunity to trade options, forex, stocks, and commodities from a single account.
According to the Bank for International Settlements 2022 report, the forex market records a daily turnover of $7.5 trillion while the over-the-counter (OTC) derivatives market is valued at $632 trillion, giving Tradecurve access to two of the world’s biggest markets.
Experts have forecasted that the trading volumes of these markets will provide massive liquidity for its trading platform and benefit its native TCRV token. Early predictions put the price of TCRV between $1 and $1.5 per token when the platform is publicly available.
However, for now, buyers have a chance to buy into the fourth stage of the Tradecurve presale where it sells at $0.018 (already an 80% ROI) per token.
Visit the links below to get more information about Tradecurve and the TCRV token:
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