The crypto market trends have been changing drastically over the last few days. Dogecoin (DOGE) is bearish even after the recent price rise, and Shiba Inu (SHIB) is struggling due to significant uncertainty. However, TMS Network (TMSN) is going steady during its presale.
TMS Network (TMSN) Offers 100x Rewards to Presale Investors
TMS Network (TMSN) is a state-of-the-art decentralized platform to trade all derivatives using cryptocurrency. Users can connect their wallets to TMS Network’s (TMSN) platform, and start trading without creating an account or completing KYC verification. TMS Network (TMSN) has become popular among investors for its revenue commission-sharing model. TMS Network (TMSN) token holders earn a commission from the trading volume on the platform. Furthermore, TMS Network (TMSN) investors have voting rights, and earn additional rewards through their exclusive VIP club membership. Backed by powerful AI algorithms, TMS Network (TMSN) offers many features, such as a social trading network, price aggregation, strategy builder, and on-chain analytics. Currently, TMS Network (TMSN) tokens are priced at $0.12 Presale investors can get a 100% deposit bonus for their investment.
Dogecoin (DOGE) Predictions Dishearten the Community
Dogecoin’s (DOGE) monthly graph is erratic, registering a loss of 4.97%. The Dogecoin (DOGE) token stayed below the $0.07163 mark almost throughout June. Though the last seven days recorded 0.20% upward gains, Dogecoin (DOGE) is still weak.
However, the weekend helped Dogecoin (DOGE) gain some movement. After recording a 4% increase on Friday, Dogecoin (DOGE) stands at $0.06812 with another 2.40% increase at press time. In fact, Dogecoin (DOGE) briefly touched $0.07036 before falling to the $.0068 mark.
Dogecoin (DOGE) has recovered its 21-day moving average at $0.0635. However, it has to break the resistance at $0.08 to completely change its downward trend. Though Dogecoin (DOGE) shows over a 4% increase in the yearly graph, it is far from the $0.1425 in October 2022. However, experts predict that Dogecoin (DOGE) might slip to $0.0540 before crossing the $.080 level.
Interestingly, the trading volume for Dogecoin (DOGE) has increased by 198.44%, and the market cap is at $10 billion. Despite the disheartening news, the Dogecoin (DOGE) community is pushing hard for a bullish trend.
Shiba Inu (SHIB) Faces Uncertainty Due to Large Outflows
The sentiments for Shiba Inu (SHIB) switched from bullish to bearish due to large outflows from whales’ wallets. Data from IntotheBlock showed that one trillion Shiba Inu (SHIB) tokens have been released, compared to the purchase of 750 billion Shiba Inu (SHIB) tokens. The overall netflow of Shiba Inu (SHIB) tokens from whales’ wallets is at -377.35 billion for the previous week.
Experts say that this sudden change in trend for Shiba Inu (SHIB) is due to two reasons. Firstly, the lack of information about Shiba Inu’s (SHIB) layer-2 solution is causing the community to release their tokens. Even with Shibarium layer-2 being tested, there’s a lot of uncertainty around it. Secondly, Shiba Inu’s (SHIB) price could break the resistance at $0.0000084.
In fact, Shiba Inu (SHIB) has been below the $0.00000803 mark for the last seven days, losing 5.18%. The monthly loss for Shiba Inu (SHIB) is at 10.10%. Investors are hesitant to hold excess Shiba Inu (SHIB) tokens due to unfavorable market conditions. The overall trends show Shiba Inu (SHIB) will have a difficult time in the market.
For more information on TMS Network (TMSN):
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io