The crypto market is experiencing some of the most significant events among cryptocurrencies. It includes conflicts between Cardano (ADA) and SEC, Fantom (FTM) whales making suspicious moves, and TMS Network (TMSN) expected rise this year.
Fantom (FTM) may face a severe meltdown as whales and sharks make huge dumps: the token price drops to $0.4622
The recent movements of whales and sharks, towards the Fantom (FTM) platform, is causing concern among investors. The sudden influx of sell orders from these large addresses has put pressure on Fantom’s (FTM) price. This has resulted in a significant drop in Fantom (FTM) value. Its live price is $0.4622, which is 6.66% down within the past 24 hours. There is an opportunity that many Fantom (FTM) investors will withdraw their holdings too.
The reasons these whale addresses dumped their Fantom (FTM) holdings are unclear. However, it is worth noting that the Fantom (FTM) market is often volatile and subject to sudden fluctuations. The incident has highlighted the potential risks associated with investing in Fantom (FTM). Thus, it’s advised to exercise caution while making further investments in Fantom (FTM).
Cardano (ADA) founder criticizes SEC’s staking policies; The price reaches closer to the $1 mark
The founder of Cardano (ADA), Charles Hoskinson, has criticized the US Securities and Exchange Commission’s (SEC) approach to staking regulation. Hoskinson argued that the SEC’s rules fail to take into account the unique characteristics of staking, which is a critical aspect of many blockchain networks, including Cardano (ADA).
Hoskinson points out that Cardano (ADA) network’s staking differs from traditional securities offerings too. Thus, it should be treated as such. Cardano (ADA) uses Ouroboros, which is a proof-of-stake consensus mechanism. It allows Cardano (ADA) holders to participate in staking by delegating their tokens to a stake pool to help validate transactions and earn rewards.
He believes that SEC’s approach could stifle innovation in the Cardano (ADA) network, and harm the growth of other emerging blockchain networks.
Moreover, Cardano (ADA) price chart has not been doing well recently. Its live price is $0.3645, which is a 5.20% drop in the last 24 hours. However, some investors believe Cardano (ADA) may soon reach the $1 mark.
TMS Network (TMSN) seems promising in 2023 in terms of price growth
TMS Network (TMSN) is a one-of-a-kind trading platform with many innovative solutions. It specifically focuses on aiding conventional investors who want to engage in decentralized trades. TMS Network (TMSN) offers them a number of benefits. Users will get to leverage an advanced strategy builder equipped with an Artificial Intelligence interface, and have a smooth trading experience on TMS Network (TMSN).
Additionally, users can also maximize their profits using the crypto trading signals offered by the TMS Network (TMSN). These signals are powered by quants and technical indicators. TMS Network (TMSN) focuses on maintaining low latency and quicker trade execution. One of the best advantages of TMS Network (TMSN) is it allows users to follow and copy the leading traders in the network. Thus, one can ensure they make the right investment decisions while trading on TMS Network (TMSN).
Don’t miss out on these benefits and join TMS Network (TMSN) community today. The token is available at $0.025, and the platform’s first presale stage is almost sold out, with $400K raised so far.
You can find out more about TMS below:
Whitepaper: https://tms-net.netlify.app/whitepaper.pdf
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetwork
Twitter: https://twitter.com/tmsnetworkio