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The price of Ethereum has been stalling ever since the end of the previous month. However, its recent report that the network fees are in decline signals that there is room for optimism due to the lower point of entry, which could facilitate a higher level of convenience and far more utility among ecosystem participants. Competing project Tradecurve will have the lowest fees in the industry for traders and investors, and it has sparked a lot of interest.
The Fees on Ethereum Dropped by 70%
The Ethereum fees have turned to normal levels after they skyrocketed to the yearly high of $14 per ETH transaction at the start of May. They recently saw a decrease to a value of $4.28 per transaction, based on the data shared by the crypto analytics firm known as Santiment on June 1, 2023.
These Ethereum results demonstrate a decrease of 70% from 25 days prior to now, when the meme coin hype that was initiated by the launch and success of the Pepe token forced Ethereum, as well as Bitcoin’s network, to see a massive spike in activity.
As of June 2, 2023, Ethereum traded at $1,891.99. In the last two weeks, the cryptocurrency increased in value by4 .%, and in the last 24-hour alone, it saw an increase of 1.7%. While not major, it is clear that the fee drop on Ethereum has led to an increase in the value of the cryptocurrency. There is now bullish sentiment for the future of Ethereum if it manages to maintain this level of fees.
Tradecurve to Have The Lowest Fees In The Industry
Tradecurve provides traders with competitive standardized pricing across all asset classes, and even implements transparent, affordable trading fees that can be checked on-chain at any time. Traders of Tradecurve can secure the most favorable prices as a result of this on any investment they make.
The pricing model of Tradecurve is designed to be fair and ensure that traders are not subjected to any opaque or unreasonable trading fees. As a result, it will feature the lowest fees in the industry.
Users of Tradecurve will not need to complete any KYC procedure, and can just deposit crypto, then use it as collateral whenever they make any trade.
Other notable features include high leverage like 500:1, negative balance protection, a VIP account service, and algorithmic trading with AI. As of June 2, 2023, TCRV trades at $0.015, and 19,248,899 tokens have been sold as the Stage 3 presale is 25% complete. Analysts predict a jump in value by 100x at launch.
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