Cetoex News – The market for cryptocurrencies is a fluid environment defined by ongoing swings and shifting trends. Recent developments have seen Polygon experience a temporary price dip while its trading volume continues to rise. In contrast, Tradecurve (TCRV), a decentralized trading platform currently in its presale phase, defies market trends and showcases resilience. Let’s delve into these intriguing developments in further detail.

Polygon (MATIC) shows a trading volume surge

Despite experiencing a noticeable price dip, Polygon has witnessed a significant increase in trading volume. This surge in trading activity indicates a growing interest and engagement from investors and traders in Polygon. 

Recently, the SEC filed a lawsuit against Binance and Coinbase, alleging that Polygon and several other cryptocurrencies were securities. After this news, the Polygon price dropped by 26.82% as it traded hands at $0.571 with a market cap of $5.2B. However, the trading volume of Polygon has surged as it went up by 270.95% in the last 24 hours and now sits at $1,029,969,634. 

The high trading volume suggests that market participants see value in Polygon’s underlying technology, which aims to address scalability issues on the Ethereum network through its layer 2 solution. It is important to note that increased trading volume can be a positive sign for a project’s long-term viability and adoption.

The market resilience of Tradecurve (TCRV) 

In contrast to the varying Polygon price and trading volume movements, Tradecurve has defied the odds and showcased resilience. Tradecurve’s decentralized trading platform has captured the attention of traders and investors due to its innovative features and commitment to empowering users. By offering a seamless trading experience, access to all derivatives on one account, and high leverage options starting at 500:1, Tradecurve has positioned itself as a standout platform in the crypto space.

Tradecurve’s success amidst market fluctuations can be attributed to several key factors. Firstly, its emphasis on privacy and security resonates with users who prioritize protecting their personal information and assets. 

By eliminating the need for sign-up KYC checks and providing self-custodial portfolio management, Tradecurve offers users greater control and peace of mind. No KYC requirements will ensure a private trading environment where users remain anonymous. 

Nearly all major exchanges, such as Robinhood and eToro, neglect this fact, which could hurt traders if a data breach occurs and their personal information gets leaked. 

Secondly, Tradecurve’s commitment to decentralization aligns with the core principles of blockchain technology. Tradecurve will eliminate the need for intermediaries and ensure a more transparent and fair trading environment. Moreover, this will ensure that there will be no high fees on Tradecurve. Many well-known trading platforms often employ high commissions that eat away at traders’ profit margins; reducing these fees will significantly benefit all Tradecurve users.

Lastly, Tradecurve’s ability to trade various derivatives on a single account provides convenience and flexibility to traders. This feature allows users to diversify their portfolios and  explore trading opportunities within a unified platform. 

On Tradecurve, all derivatives such as stocks, forex, indices, bonds, options, and even cryptocurrencies will be traded on one account. Trading all derivatives on one account enables traders to implement synergistic trading strategies. By having a comprehensive view of their trading positions and exposure, traders can make more informed decisions and potentially maximize their profits.

This platform will be powered by its native token, TCRV, which is now in Stage 3 of its presale and has a value of only $0.015. But, experts have pointed to the fact that this platform has ties to the forex market, valued at $753.2B in 2022, as per an IMARC impactful insights report. 

Because of this, they believe TCRV has tremendous room for growth, with a projected 50x increase as the presale picks up traction. Not to mention that after its launch, the TCRV token will look to get listed on Uniswap or a note-worthy CEX, which has historically always triggered a rally. 

With predictions that a 100x pump may occur after its launch, buying the TCRV token now may yield a tremendous return on investment, so sign up for its presale below. 

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Cetoex News – Polygon (MATIC) will finally launch its much-awaited zero-knowledge Ethereum Virtual Machine (zkEVM) today. The launch aims to increase scalability while ensuring compatibility with the Ethereum Virtual Machine (EVM).

Many consider zero-knowledge (ZK) technology to be a significant advancement for blockchains and cryptography. It aims to lower transaction costs while speeding them up at the same time. ZkEVMs are a subset of zero-knowledge (ZK) rollups, a scaling technique that expedites layer -2 transactions. ZK rollups use “proofs” that only share a small portion of the transaction’s details to demonstrate that the transaction was not false.

zkEVM aims to be a significant upgrade over Polygon (MATIC). Meanwhile, Polygon itself aims to be a significant improvement over Ethereum as a whole. The approval time for transactions using the zkEVM protocol is less than two minutes for a batch of 10M gas. The details were shared by Web3.0 instructor Bickersteth Emmanuel.

Will Polygon’s price react to the zkEVM launch?

MATIC’s price has so far not responded to the upcoming launch. In fact, the popular Ethereum scaling solution is down 8.1% in the weekly charts. Moreover, it is down by 14.5% in the monthly charts. If that was not enough, MATIC is currently down by a whopping 62.86% from its all-time high of $2.92, attained in December 2021.

MATIC currently faces resistance at $1.1478 and has formed support at $1.0620. If MATIC breaks the current resistance, then it may find fresh resistance at around the $1.2407 level. Nonetheless, the currency does not seem to be reacting to the historic launch.

MATIC’s reluctance to climb is reflected in its social sentiments. According to LunarCrush, MATIC’s social mentions have fallen by 55.2%, while social engagements have fallen by 18.1%. Social dominance has also fallen by a whopping 55.2%.

At press time, MATIC was trading at $1.08, down by 1.8% in the last 24 hours.

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Magic Eden–

Cetoex News – Polygon-based NFT (non-fungible token) marketplace, Magic Eden has launched a new marketplace for Bitcoin Ordinals. The new platform is similar to what Magic Eden offers its Polygon, Ethereum, and Solana-based NFT customers. Magic Eden’s move comes after a surge in the popularity of the Bitcoin Ordinals NFT collection.

Just like with other chains, the Polygon-based marketplace aims to bring its expertise to the Bitcoin Ordinals space. By creating a marketplace on Bitcoin, the company challenges the established quo and demonstrates its capacity to go through technical difficulties. In January, Casey Rodarmor, a former Bitcoin core contributor, unveiled the new Ordinals protocol. Since then, Bitcoin Ordinals have become increasingly popular in the NFT ecosystem.

Why does the Polygon-based marketplace want to offer Bitcoin NFTs?

Data from Dune Analytics indicate that between Feb. 1, 2023, and March 1, 2023, there were 240,000 more Bitcoin Ordinals inscriptions than at the beginning of January 2023. A total of 567,087 currently exist on March 21. According to the official statement, the quick adoption of Bitcoin NFTs was a major driving force. Furthermore, Bitcoin is the first blockchain to exist, therefore, it has some sentimental value to traders.

The new marketplace only permits the sale of second-hand Bitcoin Ordinals. Moreover, the firm stated that it is also contemplating potential tools, like its launchpad, which it provides for other chains, that would make it easier for producers to mint or inscribe Bitcoin NFTs. Magic Eden claims there won’t be any royalty support in the marketplace. Nonetheless, the firm is looking into this sector as there is “very little tooling” and “no secure and trustless enforcement solutions.”

Bitcoin Ordinals have kicked off and brought in a rejuvenated interest in the non-fungible sector. ORDX and Generative XYZ, which debuted in February, are two other Bitcoin Ordinals marketplaces that have already gone live. In a similar way to Ethereum NFT marketplaces, NFT platform Gamma.io introduced its own Bitcoin Ordinals market this week, enabling users to produce and trade ordinal inscriptions.

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Cetoex News – VeChain is attracting heavy bullish sentiment in the indices and is looking to climb above the $0.030 mark. The cryptocurrency has doubled in price since the start of January 2023 and could go further in the indices in the days leading up to The HiVe launch. The launch is scheduled for Mar. 4, 2023, and VET might have more upside for the next seven days. You can read more details about the launch here.

What Next After VeChain?

While VeChain explodes in price, two other cryptocurrencies are performing well in the indices. In this article, we will highlight the two cryptocurrencies to watch out for in March 2023.

1. Binance Coin (BNB)

Binance Coin (BNB) climbed above the $300 mark this month despite several ups and downs in the indices. Since the beginning of January, the token’s price has steadily increased from a low of $240 to a high of $332. BNB is attracting bullish sentiment as it’s among the most trusted cryptocurrencies in the markets.

Price forecasting firm Coinpedia has predicted that BNB could reach a potential high of $340 in the coming weeks. However, it warned that on the downside, any negative trend could make BNB hover around the $313 mark.

At press time BNB was trading at $312 and is up 0.2% in the 24-hour day trade.

2. Polygon (MATIC)

MATIC experienced a steady rise and nearly doubled in price since the start of January 2023. It went from $0.75 to a high of $1.53, before retracing in price this month. However, the cryptocurrency is now looking to reclaim the $1.50 spot and if the markets maintain the positive momentum, Matic could well be above $1.50 next.

At press time, Polygon Matic was trading at $1.34 and was down 3.5% in the 24-hour day trade. It is also down 54.22% from its all-time high of $2.92, which it reached in December 2021.

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