The past few days have brought positive momentum to the market, and Ripple (XRP), TRON (TRX), and Tradecurve have posted gains. However, their growth rates and prospects are different. In this article, we will see what experts’ opinions are on these three cryptocurrencies.
Ripple (XRP) Jumps After Court’s Verdict
The judgment in the lawsuit between Ripple and the SEC has come, and the court has ruled in favor of XRP. The entire Ripple (XRP) community was waiting for an order in this case for a long time. Now that the court has supported Ripple’s claims, investors have shown confidence in XRP.
Subsequently, soon after the New York Southern District Court gave its verdict, the market value of Ripple (XRP) surged by about 101%. However, Ripple could not sustain the growth momentum as its price has dropped by around 25% since then. At the time of writing, Ripple (XRP) is changing hands at $0.72. By market capitalization, Ripple is currently in the 5th position.
Meanwhile, experts believe that along with the favorable verdict, if Ripple enhances its network growth, it can reach $1.0 over the upcoming months.
TRON (TRX) Sees Increase In Its TVL
Due to the revival of the overall market, TRON (TRX) has been able to record some positive growth. The on-chain data suggest that the total value locked (TVL) of the TRON network has been increasing.
The TRON network had the second-highest TVL during the first six months of 2023. At the time of writing, the TVL of TRON is around $5.79 billion. However, the current TVL of TRON (TRX) is still lower than its peak of $6.7 billion, which it reached in November 2021.
The increased TVL has positively impacted the price movement of TRON (TRX). The exchange rate of TRON is currently at $0.0815, following a surge of 3% in the past week.
Tradecurve Makes Waves as Ripple (XRP) and TRON (TRX) Post Gains
While Ripple (XRP) and TRON (TRX) have been making headlines with recent gains, Tradecurve is roaring for 100x gains, attracting significant attention in the market after the collapse of the FTX exchange.
The collapse of the FTX exchange, which wiped out $2 billion from the crypto market, has made people apprehensive about centralized trading platforms. Subsequently, traders are now looking to adopt decentralized exchanges, and Tradecurve is a leading platform in this regard.
This unique crypto exchange supports the trading of numerous assets, including cryptocurrency, Forex, equities, and more. It offers top-notch services like institutional-level liquidity, low latency, fast order execution, and high-leverage trading starting from 500:1.
However, its most notable characteristic is privacy protection. On Tradecurve, users are not required to undergo any kind of KYC checks. It protects the anonymity and privacy of users while processing trades.
Traders just need to open a trading account using their email id. Thereafter, they can connect their wallets to their accounts, and deposit the cryptocurrency of their choice, as collateral, to begin trading. In comparison, other exchanges, like Revolut and Robinhood, ask users to compulsorily share their private information and documents.
The platform has planned to establish the Metaverse Trading Academy, where people can undertake courses on profitable trading. TCRV is the native crypto of the platform, and its smart contract has been audited by Cyber Scope.
Currently, the platform’s presale phase is progressing through stage 5, with a TCRV costing $0.025. But analysts believe that the project’s market value will increase by 50x during presale, and 100x by the end of this year.