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Shiba Inu, the popular doge-themed meme coin, has been gaining momentum in the market due to the numerous developments in its ecosystem. As a result, whales are expecting a price rally soon. On the other hand, Tradecurve’s token presale has attracted investors from across the crypto community due to its huge potential. Does on-chain analysis support a price rise for both cryptocurrencies? 
Whales Accumulating Shiba Inu (SHIB), What Does This Mean?
According to recent information from market intelligence provider, IntoTheBlock, whales have taken advantage of the recent market downturn to acquire a larger number of SHIB tokens. The past seven days have witnessed a notable increase in large Shiba Inu transactions valued at a minimum of $100,000.
IntoTheBlock reports that the number of such transactions rose sharply to 40 on Monday. Moreover, when considering these substantial transactions collectively, whales have bought over $61.62 million worth of SHIB within the past week. The reason for the large accumulation could be Shiba Inu whales positioning themselves for an early price rebound.
Is a Price Rise On The Cards for SHIB?
Following the recent market-wide crash triggered by news of the US Securities and Exchange Commission (SEC) filing a lawsuit against Binance and Coinbase, the price of Shiba Inu has declined over the past 24 hours. By press time, Shiba Inu’s price is $0.00000805, a 0.23% price increase over the last 24 hours but a decline of 6.04% over the past week.
The last time Shiba Inu traded around this region, the meme coin experienced an uptick in on-chain activity and rallied as high as $0.00001580. In the short-term Shiba Inu bulls will look to drive the price of the token above the current resistance level of $0.0000085, which could push the price to the next resistance level of $0.0000092. However, if the negative momentum continues and Shiba Inu breaches the $0.000007861 support level, the token could drop to $0.0000075.
Is A Price Rise On The Cards for Tradecurve (TCRV)?
Shiba Inu has been able to record a small price increase despite the recent regulatory turmoil in the crypto space. Meanwhile, Tradecurve’s TCRV is gearing up for a bullish momentum after skyrocketing 50% in the past month. Tradecurve offers a wide range of tradable assets like cryptocurrencies, forex, stocks, CFDs, and commodities. This is one of the advantages that Tradecurve has over exchanges like Coinbase and OKX.
The hybrid trading platform is looking to capitalize on the increased trading volume in the crypto and derivatives market. For example, the forex market sees a daily trading volume of $7.5 trillion, while the over-the-counter derivatives market witnesses approximately $6.7 trillion in daily trades. Experts believe these volumes and liquidity could drive the price of TCRV as high as 100x when the platform reaches the global audience.
These substantial volumes exceed those of any cryptocurrency trading platform, leading market experts to anticipate a significant price increase for Tradecurve in the coming weeks. Currently, Tradecurve’s utility token, TCRV, is available for presale at just $0.015 per token, offering a 25% deposit bonus for every purchase, making it a great value proposition for investors.
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