The news that bankrupt crypto lender Celsius will convert all of the altcoins on its balance sheet into Bitcoin (BTC) and Ethereum (ETH) has caused analysts to revise their Ethereum (ETH) price predictions.
The same analysts remain bullish on a new trading platform, Tradecurve (TCRV), which they believe could outperform Ethereum (ETH). The on-chain data does not lie, and the billions of dollars in assets and trading volume have to go somewhere now that it has fled from Coinbase and Binance.
As DeFi trading volumes soar, participation in the Tradecurve (TCRV) presale has reached a fever pitch, with savvy investors frontrunning the opportunity. Analysts made two forecasts, one that $TCRV will rally 5,000% before the presale closes and that the presale itself should raise in excess of $20 million.
The real question is why? Tradecurve pioneers a market model pivoting away from fiat-to-crypto and crypto-to-crypto trading pairs, which currently monopolize DeFi. It moves towards a crypto-to-derivatives model. Tradecurve democratizes access to TradFi’s primary assets with transparent on-chain pricing and a slippage-free experience.
From Tradecurve investors can access high leverage (500:1) and speculate on a diverse range of asset classes, including commodities, bonds, forex, ETFs, and crypto. A broad range of financial instruments, diverse asset classes, and a lack of KYC procedures make Tradecurve the obvious route to market access for millions of retail traders.
With its institutional-level liquidity and plans to implement Proof of Reserves in the future, nothing is stopping Tradecurve from becoming one of the dominant trading platforms.
And within the next twelve months, analysts believe it could stand shoulder-to-shoulder with industry giants such as Huobi and Kraken. Hence making $TCRV one of the few altcoins with the potential to outperform Ethereum (ETH) this market cycle.
Ethereum (ETH) price predictions have shot up, and given that Celsius plans to liquidate roughly $215 million of altcoins in exchange for Bitcoin (BTC) and Ethereum, this is not surprising.
Analysts previously forecast Ethereum (ETH) trading in a band between $3,120.48 and $3,666.59 in 2024 but have since revised this band to $4,519.34 and $5,378.84. The direct sell pressure from Celsius will not be responsible for this entire move, but it could give Ethereum (ETH) the bullish push it needs.
Factoring in the second-order consequences also looks bullish for crypto’s two heavyweights. More pain in altcoin markets will naturally encourage investors to rotate into larger-cap cryptos.
Bad news for altcoin holders translates into good news for Ethereum (ETH) and trading platforms like Tradecurve that only need volatility to grow. Looking at the current crypto landscape there will be no shortage of volatility in the coming months, lending strength to analysts’ thesis that $TCRV can outpace $ETH.