The cryptocurrency industry is undergoing a volatile phase, with many long-standing projects falling to the ground. Monero (XMR) and Enjin Coin (ENJ) are two such cryptocurrencies that have suffered a severe fall in recent weeks. On the contrary, Tradecurve (TCRV), a new token, has registered massive presale success.
Thus, their investors are fearful, and wondering whether they should continue to hold these tokens.
Monero (XMR) Developer Accused of Being an Interpol Mole
Monero (XMR) was pushed into a minefield after rumors surfaced that its lead developer works for Interpol. This has emerged as one of the biggest threats to the survival of Monero, which boasts of being the best privacy-oriented cryptocurrency.
Monero’s authenticity came into question after cybersecurity researcher, James Edwards, tweeted that the cryptocurrency’s lead developer, Riccardo Spagni, has turned into an informant for Interpol. James claimed that Spagni has helped Interpol track 50% of all transactions executed on Monero.
But Spagni was also quick to deny these allegations by asserting that he never helped any government agency against Monero. Meanwhile, the trading price of Monero has tumbled by more than 5% in the past week. You can currently trade Monero tokens at $154.29.
Enjin Coin (ENJ) Loses Its Charm in March
Enjin Coin (ENJ) began 2023 on a high note after the token posted back-to-back gains in the first two months of the year. But Enjin Coin failed to continue the same growth momentum in March. It can be gauged by the price trajectory of Enjin Coin.
The trading price of Enjin Coin is down about 1% on the monthly chart. The current market price of Enjin Coin has plummeted to $0.39. However, Enjin Coin has undertaken several development activities over the last few weeks.
Hence, the Enjin Coin community hopes that the updates, which the platform launched recently, will support its price in the coming months.
Tradecurve’s (TCRV) Unique Presale Storms the Entire Market
After the market crash of 2022, which wiped out $1.3 trillion from the crypto world, investors had become jittery about this sector. Besides, the collapse of the FTX exchange and Bittrex has made them more hostile to cryptocurrencies. However, the launch of a new trading exchange, Tradecurve (TCRV), has infused confidence among them.
It is a blockchain-based trading platform that lets users trade cryptocurrencies, CFDs, bonds, forex, OTC derivatives, equities, and more, on a single platform. The platform aids traders in maintaining anonymity while executing trades, by utilizing DeFi capabilities.
Tradecurve is a permissionless and borderless exchange, which is expected to raise $20 million during its presale round. If we compare this with Binance’s ICO, Tradecurve emerges as more successful, as the latter could raise only $15 million during its presale.
VIP account service and the Metaverse trading academy are two exemplary features of the project, making it more profitable and attractive than other exchanges Huobi Coinbase.
The total supply of TCRV tokens will be 1.8 billion. At present, a TCRV token can be purchased at $0.018, and analysts predict that the project’s value will appreciate by 80x during its presale phase.