Not all projects and cryptocurrencies are built equally. Some provide a lot of value and utility within their ecosystems, while others do not. Right now, three projects stand out in terms of utility, including Solana (SOL), Polygon (MATIC), and Tradecurve (TCRV).
Summary
- Solana (SOL) increased by 25.7% in the past two weeks
- Polygon (MATIC) increased by 16.8% in the past year
- Tradecurve (TCRV) surged by 80% during the previous month
Solana (SOL) Is Used for Staking and For Payment of Fees
Solana (SOL) is one of the most widely used blockchains out there. It's a native cryptocurrency. Solana (SOL) plays a mandatory role in the network's Proof of Reserves (PoR) system, which burns tokens as part of the deflationary model. Users pay with Solana (SOL) for transaction fees, whilst it also has use cases in governance processes.
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When we go over its value, Solana (SOL) traded at $21.59 on July 9, 2023. In the past week, Solana (SOL) saw its low point at $18.57, with its high point at $22.36. During the past two weeks, Solana (SOL) increased in value by 25.7%, and in the past week alone, it's been up by 13.5%, signifying that it is heading in a green direction.
Polygon (MATIC) Governs and Secures the Network
Polygon (MATIC) is another well-known network that utilizes a modified Proof of Stake (PoS) consensus model. The Polygon (MATIC) cryptocurrency is used to govern and secure the network, as well as for the payment of transaction fees. Each Polygon (MATIC) cryptocurrency is required to cover gas fees for transactions or for any smart contract interaction.
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Going over its value, Polygon (MATIC) traded at $0.695282 on July 9, 2023. During the past week, Polygon (MATIC) saw its low point at $0.658269, with its high point at $0.717836. During the past week, the overall price increase for the cryptocurrency was at 3.9%, and in the last year, it went up by a total of 16.8%.
Tradecurve (TCRV) Offers Discounts, Staking and Governance Utility
Aside from Solana (SOL) and Polygon (MATIC), another project that has a native cryptocurrency with vast utility is Tradecurve (TCRV). Tradecurve (TCRV) implements a hybrid approach where it adds the great elements of CEXs and DEXs, such as high liquidity and availability, with full anonymity and self-custody.
Users can trade any derivative without the need to complete KYC, as they can just deposit crypto and use it as collateral. The Tradecurve (TCRV) platform also provides high leverage to give investors amplified profit opportunities, which begins at 500:1 and also offers AI algorithmic trading for exchange trading experiences.
The native voken, Tradecurve (TCRV), is used for getting discounts on the subscription fees for the Copy Trader feature or AI trading bots, can be staked for passive income, and is used for governance.
During Stage 4, Tradecurve (TCRV) trades at $0.018, and in the past month, it increased by 80%. Analysts predict that Tradecurve (TCRV) can climb by 100x at launch, especially as 12,500 users have already signed up, and the team has already raised $2.8 million during the first month of its presale.
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For more information about the TCRV presale:
