Meme coins, like Shiba Inu (SHIB) and Floki Inu (FLOKI), are among the most popular cryptocurrencies because of their strong social media presence and rapid gains. However, meme coins lose their gains just as fast as they amass them, as revealed by a recent report from IntoTheBlock. On the flip side, projects with more utility, like Tradecurve, are bound to post sustained gains.
- Blockchain analytics firm, IntoTheBlock reports that more than 75% of Shiba Inu and Floki Investors are underwater
- Both meme coins are also more than 90% down from their respective all-time highs (ATH)
- Meanwhile, Tradecurve has recorded a significant price surge as it enters stage 3
More than 75% of Shiba Inu (SHIB) and Floki (FLOKI) are Underwater
In a recent market report, the crypto analytics firm, IntoTheBlock announced that a huge percentage of the investors in popular meme coins, Shiba Inu (SHIB) and Floki (FLOKI) are currently in losses. According to the report, 81% of all the Shiba Inu (SHIB) holders are currently in losses. In addition, at the current price of $0.000008651, Shiba Inu (SHIB) is down by more than 90% from its ATH of $0.0000861 recorded in October 2021.
On the other hand, 78% of all Floki (FLOKI) holders are at a loss. According to IntoTheBlock, only 14% of Floki investors are profitable while the remaining 9% are on breaking even level. Similar to Shiba Inu, Floki (FLOKI) is down from its all-time high by 90.6%.
The reason why a great percentage of Shiba Inu and Floki holders are underwater is that they invested in the meme coins amidst the social media hype. While the prices of Shiba Inu and Floki rose exponentially during their hype phase, the lack of utility in the projects makes repeated gains unsustainable.
Tradecurve Experiences a Price Surge in Stage Three
While the declining prices of Shiba Inu and Floki have forced the majority of its investors underwater, the price of Tradecurve has jumped by 25% while in the third stage of its token presale. And unlike the meme coins, the utility of Tradecurve has led to crypto market experts predicting more gains for Tradecurve (TCRV).
In terms of utility, Tradecurve will be the first trading platform on a blockchain where users can trade all forms of global financial instruments including stocks, CMDs, ETFs, crypto, options, and forex from a single account. These markets record trillions in daily trading volume, making Tradecurve a strategic platform to attract traders.
Because the global financial markets are highly unlikely to fade like the hype that drives meme coins, the gains of Tradecurve are more sustainable. Experts have already predicted that the price of TCRV could jump by a further 50x in presale and up to 100x when the platform eventually launches. This offers a great opportunity for investors to join the presale as a token currently sells for $0.015.
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