Bitcoin

BitDao and Tradecurve are up 40% on the charts. Is the 1$ price target next ?

High-growth altcoins have been a major point of appeal for investors and traders who want to get the best ROI in the industry. Out of the many projects that are available, BitDao and Tradecurve are 40% up in value, according to their chart data, and this has led many to speculate on the future of both altcoins. Some analysts predict that they can reach $1, and to see if this is a realistic assumption, we will be analyzing the value of both of them to see how far they can actually climb.

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BitDao (BIT) and Its Current Price Performance

The BitDao team on Twitter announced the “MIP-23: $MNT Supply Optimization in Preparation for Launch” proposal, which had a start date on June 30, 2023, and an end date on July 7, 2023. The proposal was triggered by an upcoming deployment of an MNT token as authorized by the BIP-21 and MIP-22 proposals.

The team received a lot of community feedback surrounding the high, fully diluted supply of BIT and MNT, and this represented an opportunity to optimize the numbers before the new token launches.

BitDao traded at a value of $0.461455 on July 5, 2023. Within the past seven days, the low point for BitDao was at $0.378796, with the high point at $0.515970. During the past week, BitDao climbed by 16.8%, with an overall climb of 40%. With this in mind, investors are considering BitDao altcoin for their portfolio, as analysts predict that BitDao can reach $1 by 2025.

Tradecurve and Its Features

Alongside BitDao, another cryptocurrency that experienced gains of 40% is Tradeecurve. In fact, since the start of its presale, the TCRV token is up 80%. This has been fueled by its various features, such as the elimination of all sign-up KYC checks, trading different derivatives alongside crypto, and high leverage starting at 500:1 that offers amplified opportunities with copy traders and AI-driven trading bots.

Is it Realistic for TCRV To Reach $1?

Analysts are bullish on the future of the TCRV token. At Stage 4, it’s trading at just $0.018. Over 60% of the presale is already completed, and its next price target is $0.025. The team has raised $2.8 million, as 12,500 users have already signed up even before its launch. At this rate, the team can raise $20 million and onboard 100,000 users. As a result, industry experts predict a climb by 100x at launch, which would bring its value to $1.8.

The Future Development of the Tradecurve Ecosystem

Future plans for Tradecurve include the beta development of a mobile Trading App for iOS and Android, listing on Tier-1 exchanges, Uniswap, CoinMarketCap, and CoinGecko, alongside the implementation of Proof of Reserves (PoR), all of which are features that can increase trust and confidence in the project.