2023 has not been the best year for centralized crypto exchange tokens. Regulatory actions have taken their toll on Huobi Token and BNB. While these top CEX tokens continue to struggle, investors are turning their attention to Tradecurve Markets (TCRV). The hybrid exchange model of TCRV solves the issues that have plagued centralized exchanges.
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Huobi Token (HT) Decline Despite Rebranding Efforts
The Huobi exchange recently celebrated its tenth anniversary. As part of the celebration, the exchange was rebranded as HTX. The exchange also revealed plans for an expansion into the global market.
HTX also looks to reduce its dependence on a single region and offer diverse crypto options. Despite these announcements, the price of the Huobi Token has failed to spark an uptrend. After trying to break above the $2.500 resistance, the token turned bearish.
Although the Huobi Token has been fairly bullish in September, its long-term outlook is bearish. Since reaching a 2023 high of $6.35, the HT price has been on a sharp decline. With the recent development failing to spark an increase, experts are concerned about the future of Huobi Token.
BNB Could Retrace in the Coming Days
Like the Huobi Token, the BNB coin has endured its fair share of bearish pressure in 2023. Since the exchange was sued in June, the Binance Coin has been on a decline. The price of BNB dropped from a high of $307 to $230.
However, the bearish trend in the following weeks caused the BNB token to drop to $200. Since then, the token of the leading crypto exchange has failed to sustain a bullish momentum. As a result, BNB has now been stuck in the $200 – $220 range for more than five weeks.
Despite the recent launch of opBNB, the price BNB has failed to break out of this range. Crypto experts have predicted that the court cases of Binance could shape the outcome of BNB.
Tradecurve Market (TCRV) Attracts Investors
Unlike BNB and Huobi Token, Tradecurve Markets (TCRV) has received widespread investor adoption. This new exchange platform stands out because it addresses major issues that are prevalent in most decentralized exchanges (CEXs) today.
Due to regulatory issues, several CEXs, such as Binance and HTX, have had to cease operations in specific countries. However, imbibing attributes of decentralization, Tradecurve Markets, doesn’t have these issues. In addition, the platform doesn’t require strict KYC requirements, allowing users to trade a large amount of assets without difficulties.
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In addition, you can trade a wider range of assets on Tradecurve Markets. The platform allows users to trade forex, cryptocurrencies, stocks, and more, all in one place. With Tradecurve Markets, you can just connect your wallet and use your crypto as collateral for trading.
The great features of Tradecurve Markets have been attracting both new and experienced traders. As a result, crypto experts are very bullish about its utility token, TCRV. At the time of this writing, TCRV trades at $0.025 in its fifth presale stage.
For more information about the Tradecurve Markets (TCRV) presale:
Website: https://tradecurvemarkets.com/
Buy presale: https://app.tradecurvemarkets.com/sign-up
Twitter: https://twitter.com/Tradecurveapp
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