The Ethereum token has maintained a price above $1800 despite a crypto market drawdown in the last few days.
While crypto prices remain slightly volatile, Tradecurve.io, a new project built on the Ethereum blockchain, has launched its presale. In the last 24 hours, the cryptocurrency market has declined by 3%. Notably, most Ethereum investors who bought the crypto asset this year are still in profit.
Ethereum is the second-largest cryptocurrency by market capitalization and the largest DeFi project. While bullish traders have had their fun for most of the week, the price seemed set for a correction.
At the start of the week, Ethereum crossed the $2000 mark for the first time since last year. The slight breakout set the stage for a more positive upward move. Following Ethereum's break, Polygon, Arbitrum, and other Ethereum projects joined the party.
ETH's price chart. Source: Coinmarketcap
Ethereum's (ETH) Price Remains Strong Despite the Shapella Unlock
While many other top cryptocurrencies have recorded notable gains this month, Ether's price seems to steal the show. On the 12th of April, the Shanghai and Capella (Shapella) upgrade on the Ethereum network went live. ETH validators eventually gained access to the locked tokens following the upgrade since staking started in December 2020.
The token lock resulted from the staking activity, which supported the smooth transition of the Ethereum network from the Proof of Work to the Proof of Stake consensus mechanism. Since lots of ETH tokens were to be unlocked, several ecosystem participants were concerned about the impact on price.
Interestingly, the release of ETH did not lead to a huge sell-off or massive price dump. The Ethereum team regulated the situation by gradually scheduling the release of the staked tokens.
Further, the Shapella upgrade was perceived as an improvement to the network. With Ethereum still clinging to its broad vision of improving its scalability and decentralized level, more investors are drawn to the network. Surely, layer-two scaling protocols and cross-chain projects will support the network in achieving its goals.
Tradecurve (TCRV) - The hottest trading platform in DeFi
The Tradecurve team is building the next generation hybrid trading platform combining the best of centralized and decentralized exchanges and providing a one-stop shop for users to trade crypto, stocks, forex and commodities.
Tradecurve is set to revolutionize the multi-trillion dollar trading market with a cross-border permissionless platform where users will only require an email address and connect their wallet to begin trading, breaking down the barrier to entry for users worldwide.
The team has high aspirations for the project and will not be happy toppling platforms like OKB, Robin Hood App, Huobi. Their aim is to challenge established players like Binance, Coinbase and Kraken implement Proof of Reserves (PoR). Recent issues surrounding centralized exchanges have highlighted the trust that has been lost with traders, and the appetite for challengers like Tradecurve to emerge and provide a solution.
Tradecurve’s native token TCRV, is available to purchase for $0.01. The price is expected to soar by 50X during its presale and possibly give investors 100X profits once launched.
Visit Links Below For Info About Tradecurve Presale