This article discusses the potential outlook for Solana (SOL) in light of regulatory scrutiny. The article also highlights a new platform called Tradecurve, which is gaining attention for its innovative approach and is expected to see a 38% increase in value by the end of June.
Solana experienced significant growth during the 2021 crypto bull run, but its price took a hit in 2022 due to two key events. The first event was Solana’s involvement in the FTX controversy, where the exchange faced backlash for using customer funds for their own gain. The second event was a series of hacking incidents that raised concerns about the security of the Solana platform. These events caused a sharp decline in Solana’s market value.
The recent claim by the SEC that certain tokens under Solana are unregistered securities further impacted the price, leading to a 28% decrease in a single week. The article notes that while Solana is oversold, the regulatory landscape and security concerns make it difficult to predict future movements.
The article also discusses Tradecurve, a trading platform that combines centralized and decentralized exchanges. Tradecurve allows users to trade various assets using their cryptocurrency holdings as collateral and offers features such as no-KYC trading, AI-powered algorithmic trading, high leverage, and copy trading. The platform’s proprietary token, TCRV, is expected to see a rise in price as the demand for it increases with the platform’s growth.
Since its presale, the price of TCRV has already appreciated by over 80%. The article concludes by stating that the crypto community is bullish on Tradecurve, and the price of TCRV is expected to continue rising.
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