With several stablecoins and large DeFi exchanges collapsing over the past year, many investors are starting to question how secure projects like Dai really are. While the project itself is vetted, its value is reliant on the U.S. dollar, which is currently extremely turbulent.
Several banks throughout the U.S. have recently collapsed, and Credit Suisse required a bailout from the government. This signals that greater market turbulence could be on the way and as a result, Dai may not be as stable as first thought. Therefore, a new altcoin is causing many investors to diversify, having already increased in value by 80% during its presale.
Could DAI Be Impacted By The Banking Crisis?
DAI is an Ethereum-based stablecoin created by MakerDAO. Its value is pegged to the U.S. dollar and collateralized by several cryptocurrencies that are deposited into smart-contract vaults when a new DAI token is minted.
Given that the U.S. economy is down by 1.1% and inflation is on the rise, Dai may not be as stable as investors believe. Should U.S. dollars continue to be printed and inflation rise, Dai could see its stability crash, causing thousands of investors to lose their money.
That being said, confidence in Dai remains extremely strong, with Dai averaging $150 million in daily trading volume.
The past few weeks have been amazing for the #Tradecurve project and community.
We have over 12,000 users who have signed up for the presale, 4,400 holders, and have raised over $2.7 million.
For a LIMITED time only, the team is offering a 50% deposit bonus.
— Tradecurve (@Tradecurveapp) June 26, 2023
Tradecurve’s Stage 4 Presale Increases Returns To 80%
Tradecurve is quickly becoming one of the most talked about projects in the DeFi market. Its value is already up by 80% after its first three presale rounds quickly sold out. Now, experts believe the project will 50x in value during its presale, potentially increasing an additional 100x once TCRV tokens are listed on major exchanges.
During its presale, Tradecurve aims to raise $20 million, and has already raised $2.8 million, attracting 12,500 users in the process. It’s been praised for its unique hybrid exchange, which many believe could replace many of the world’s current exchanges, which are prone to regulation.
With Tradecurve, investors will be able to trade assets without needing to pass KYC checks. These assets will include both DeFi and traditional options, including stocks, CFDs, forex and commodities, all of which can be traded with negative balance protection.
Traders using Tradecurve will have access to VIP account services, level-up bonuses, deposit bonuses and several educational tools. These tools include subscriptions to copy trading and AI trading opportunities, as well as a metaverse trading academy where new users can come to grips with trading.
Tradecurve has huge potential and plans to become a top 3 exchange in the next few years, overtaking current options like OKB, Robin Hood App and Huobi. Should Tradecurve hit this goal, it will quickly become one of the markets best assets in 2023.
For more information about $TCRV presale tokens:
Buy presale: https://app.tradecurve.io/sign-up
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: null tx