Can NFTs Make a Comeback? Apecoin Price Shows Green on the Charts, Tradecurve Bullish Momentum Continues in July

After weeks of trading downwards, the recent price movement of Apecoin (APE) indicates a potential comeback. Along with the green charts of Apecoin, there are signs that the NFT market could be making a comeback. Meanwhile, Tradecurve carries its bullish momentum from June and prepares for a 40% price jump in July.

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Can NFTs Make a Comeback?

Non-Fungible Tokens (NFTs) enjoyed mainstream success in 2017 after the launch of CryptoKitties on Ethereum. Since then, the market cap of NFTs has risen from $13 million to over $22 billion in 2023. While its market cap has increased, the trading activity and market value of NFTs have nosedived since 2021.

Amidst the decline, investors are curious to know if NFTs can make a comeback. In 2023, the trading volume of NFTs was on the rise. Since the sector is closely linked with cryptocurrencies, industry experts have predicted a comeback for NFTs. However, many suggest that the comeback cannot be standalone and must be fuelled by a major crypto market rally.

APE Shows Green on the Charts, Why is Apecoin Going Up?

One of the leading cryptos linked to the NFT sector, Apecoin (APE), is showing green charts lately. Apecoin is the utility token launched for the Bored Ape Yacht Club NFT collection. In the last 24 hours, the price of Apecoin has increased by 3.1%. As a result of the price increase, the APecoin value now stands at $2.02.

The recent price resurgence of APE comes amidst reports of increasing whale activity. Messari reported that Apecoin purchases were dominated by whales holding between $1 million and $10 million. This is the first time since the launch of Apecoin for this to happen and is believed to fuel the recent price rally.

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Tradecurve Bullish Momentum Continues in July, Anticipates 40% Price Jump

Coming from a month when its price increased by 80%, Tradecurve (TCRV) has carried its bullish momentum into July. Following its increase from $0.010 to a new high of $0.018, TCRV has formed a bullish pattern for another price jump. In the coming week, the price of Tradecurve will increase by 40% and set a new trading high at $0.025 per token.

The bullish momentum has attracted a wave of new investors to the new hybrid exchange. In the last couple of weeks, the Tradecurve platform has recorded more than 15,000 new users. Crypto experts expect this value to continue increasing as Tradecurve is building a hybrid exchange that solves the problems of centralised exchanges.

The main highlight of this new platform is the support for financial instruments from the derivatives market. On Tradecurve, users will be able to freely trade stocks, options, commodities, and forex using just one account. At its current growth rate, crypto experts have predicted that it will onboard 100,000 users before the end of the year.

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Website: https://tradecurve.io/

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Twitter: https://twitter.com/Tradecurveapp

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