The cryptocurrency market has been unpredictable lately, with several coins experiencing a significant shift in price. In the midst of all this volatility, some coins have been trading sideways, while others are experiencing a surge in demand.
Among the top 10 coins by market capitalization, Shiba Inu (SHIB) and Binance Coin (BNB) have been trading sideways, while TMS Network (TMSN) has been surging after news of a CoinMarketCap listing emerging. We now take a closer look at each of these cryptocurrencies, exploring their history, current status, and potential future developments.
Binance Coin (BNB) Resumes a sideways Trend; drops After CEO Charges
The Commodities Futures Trading Commission (CFTC) filed a lawsuit against Binance and its founder, Changpeng Zhao, on Monday. They allege that the business intentionally provided unlicensed crypto derivatives products including Binance Coin (BNB) in the United States in violation of federal law.
The revelation rapidly sent waves through markets, causing Binance Coin (BNB) price to drop by around 3% within minutes of the announcement – but it swiftly recovered, recouping the majority of the loss as the day proceeded. Binance’s exchange token Binance Coin (BNB) fell as much as 6% in price by the end of the day after the news broke. Crypto-related stocks have also fallen.
Today’s Binance Coin (BNB) price analysis is positive, as the currency’s price function is pointing upwards as it consolidates at $315. During the previous 24 hours, the bulls have been in charge of the trend, helping them to retain the price of Binance Coin (BNB) above $310 since yesterday.
Shiba Inu (SHIB): The meme coin that refuses to die
Shiba Inu (SHIB) is a decentralized meme token that was created as a joke and a rival to Dogecoin (DOGE). The coin gained popularity after being endorsed by celebrities like Elon Musk and Vitalik Buterin, who donated 50% of the Shiba Inu (SHIB) supply to a Covid-19 relief fund in India. Shiba Inu (SHIB) also has a loyal community of fans who call themselves the “Shib Army”.
However, Shiba Inu (SHIB) has been facing some challenges lately. Shiba Inu (SHIB) decentralized exchange (DEX) ShibaSwap has been criticized for its security issues and high fees. Shiba Inu (SHIB) also suffered a major sell-off after Shibarium, its layer-2 network that was supposed to save its price failed to live up to investor expectations.
Despite these setbacks, Shiba Inu (SHIB) has managed to hold its ground and trade sideways in a narrow range between $0.000006 and $0.000011 for the past week. The Shiba Inu (SHIB) coin has a market cap of $6.4 billion and a 24-hour volume of $590 million at the time of writing. Shiba Inu (SHIB) is currently ranked 14th on CoinMarketCap.
TMS Network Rallies After CoinMarketCap listing news
TMS Network (TMSN), a decentralized trading platform, aims to make digital asset trading simple, transparent, and secure. The network is powered by the TMS Token, which is used to settle quick trades and transactions on the platform. The token can also be used to access other TMS Network (TMSN) functions such as decentralized exchange, voting, and governance.
Recently, the TMS Network (TMSN) team announced a CoinMarketCap listing for the ecosystem’s native token $TMSN in the coming weeks. This news sparked more interest in the already well performing token, leading to rapid surge in presale token sales. The second round of TMS Network’s presale campaign is now over 75% sold out.
By every metric, TMS Network’s (TMSN) business venture is off to a great start. The platform not only combines more than 500 cryptocurrencies with conventional assets like forex, CDFs, stocks, and more, but it also enables investors to purchase any asset they desire without ever switching platforms.
Moreover, TMS Network (TMSN) has implemented controls that have been approved by InterFi Network in an effort to combat the pervasive problem of wash trading and manipulation. With all these innovative projects, TMS Network (TMSN) has in a short period of time drawn thousands of investors to its presale, offering a 10x return with just one stage finished.
It should come as no surprise that TMS Network (TMSN) has increased by over 10x since its first presale phase. Tokens are now selling for $0.046 during stage two of the presale. Invest in the TMS Network (TMSN) before it’s too late. Market experts predict a 100x rally before the end of 2023.
For more information on TMS Network (TMSN) please see the links below:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io