• The TMS Network (TMSN) is a blockchain platform that utilizes Ethereum technology to create a secure, uniform, and transparent trading infrastructure.
• Shiba Inu (SHIB) and Zcash (ZEC) are spiking in the cryptocurrency market due to the recent bullish trend.
• Early investors in the TMS Network (TMSN) have seen a massive return on their investments with tokens increasing by 1200%.
Overview of TMS Network (TMSN)
The TMS Network (TMSN) is an innovative blockchain platform that leverages the power of Ethereum technology to create a secure, uniform, and transparent trading infrastructure. On this platform traders can access a wide range of asset classes including forex, stocks, CFDs and cryptocurrencies. Additionally, the platform uses smart contracts to ensure user security while eliminating any need for third-party intervention. Early investors in the TMS Network have seen impressive returns on their investments with token values increasing by more than 1200%.
Shiba Inu (SHIB) Spikes
Recent data from Whale Stats suggests that two prominent ETH whales have accumulated 1.02T SHIB tokens worth $10,898,378 through two transactions. This accumulation indicates that SHIB prices are likely to increase significantly as we continue through this short-term bull run led by bitcoin’s rising prices.
In addition to SHIB prices increasing significantly over recent weeks, Zcash (ZEC) has also been seeing some growth in its value as well due to the bullish trend of the crypto market overall. As such many investors see this as an opportunity for them to diversify their portfolios into different asset classes like ZEC or other cryptocurrencies like Bitcoin or Ethereum which all seem to be experiencing growth lately.
Benefits Of TMS Network
The use of smart contracts on the TMS network ensures user security while eliminating any need for third-party intervention as well as providing users with high liquidity allowing them instant deposits and withdrawals when trading on this platform. Furthermore, thanks to its variety of asset classes traders can diversify their portfolios while also having access to educational resources available on this platform which helps increase investor understanding of how these markets work and what strategies should be employed when trading digital assets like cryptocurrencies or derivatives such as forex or stocks/CFDs etc…
Overall it seems that both Shiba Inu (SHIB) and Zcash (ZEC), along with other major digital assets like Bitcoin are seeing noticeable appreciation in value over recent weeks due largely in part to increased investor optimism stemming from institutional adoption of cryptocurrency markets worldwide. Despite this however it’s clear that one project currently showing immense potential is none other than The TMS Network which has already seen impressive returns from early investors who now stand at more than 1200% returns since investing in its token sale last year making it hard not too consider adding some exposure into your portfolio if you haven’t done so already!
• Shiba Inu (SHIB), one of the most popular meme coins within the crypto space, displayed a notable price action in the early days of 2023.
• Despite trading volume maintaining decent levels, the price has remained restricted below $0.000011, forming a symmetrical pennant pattern.
• Technical indicators such as RSI and ADX suggest that SHIB may break out of consolidation soon and reach higher levels.
Shiba Inu Price Action
Shiba INU (SHIB) is one of the most popular meme coins within the crypto space which displayed a notable price action in the early days of 2023. Despite the trading volume maintaining decent levels, the price remained elevated to mark yearly highs above $0.000015. However, due to lack of buying pressure, SHIB dropped hard below crucial levels at $0.00001 but have since been rebounding modestly while remaining restricted below $0.000011.
The SHIB prices are currently trading within a symmetrical pennant pattern and are close to encountering its edge for consolidation. The price from past few days is trading along lower support indicating slight weakness in rally strength as Average Directional Index (ADX) is sliding down whereas Relative Strength Index (RSI) rebounded from lows but failed to lay down strong upswing giving bullish indication for breakout from triangle formation with potential targets at 0.000012 followed by further bulls run reaching higher levels with strong buying pressure required to be triggered for upside move continuation momentum .
The key resistance level lies around 0.0000118 on 4-hour chart while on 1 day chart it stands near 0.00001475 with moving averages 50 & 200 day MA reflecting support at 0.0001077 & 0 overall market sentiments leaning towards neutral zone as per technical indicators value analysis .
In conclusion, Shiba Inu is expected to break out of consolidation soon with technicals suggesting significant price action if proper buying pressure is triggered which can propel prices upward targeting initial resistance at 0.000118 followed by further test for higher levels after breaking out from triangular formation .
Cryptocurrency investments are subject to high market risk as prices could go up or down significantly over short periods of time . Investors should do their own due diligence before making any investment decisions .
Bitcoin Price Bullish Momentum
The crypto market appears to have gained significant strength as the majority of the tokens have been witnessing a significant upswing in the past few days. Altcoins like Cardano and Solana, which are tough competitors within the DeFi and NFT space, are expected to recover from their losses soon.
Solana’s Total Value Locked (TVL)
At its peak, Solana’s Total Value locked (TVL) crossed $10 billion compared to that of ADA which is around $326 million. Solana is also among the largest platform for NFTs, but it suffered a price crash amid a close association with the FTX exchange.
Cardano’s price remained more stable than Solana’s and is displaying a calculated approach. However, the recent descending trend dragged both tokens toward their yearly lows.
If we consider the historical data, then Solana has been a better performer than Cardano. But Cardano chain has never halted or faced a downtime like Solana which has registered its first halt after experiencing nearly 8 times in the previous year.
Outlook for Altcoins
•Silicon Valley Bank (SVB) in the United States was shut down by regulators as a result of Silvergate Capital Corp’s abrupt closure and SVB’s careless fundraising.
•Min-Liang Tan, co-founder & CEO of Razer has suggested that Twitter should buy SVB and become a digital bank, to which Elon Musk replied “I’m open to the idea”.
•The collapse of SVB will have an effect on cryptocurrency industry as well, as Circle and Tether are exposed to it.
Collapse of Silicon Valley Bank
Silicon Valley Bank (SVB) in the United States was shut down by regulators as a result of Silvergate Capital Corp’s abrupt closure and SVB’s careless fundraising. The abrupt collapse has resulted in the carnage in startup industry stocks in the United States. This follows the collapse of Silvergate. Silvergate Bank’s parent business announced plans to wind down operations and liquidate the bank after it reported $1 billion in losses in the fourth quarter of 2022 due to FTX failure, one of its major clients.
Elon Musk Hints At Buying Collapsed Silicon Valley Bank
The Co-Founder & CEO of Razer, Min-Liang Tan has said in a recent tweet that Twitter should buy SVB and become a digital bank. To this suggestion, Elon Musk replied “I’m open to the idea”. After months of speculation and turmoil, Musk acquired Twitter last year for $44 billion deal; making him world’s richest man at that time. California banking regulators are taking action to protect depositors while Elon is planning something big with SVB acquisition; he mentioned his goal of making Twitter into biggest financial institution through everything app X for Twitter.
Exposure To The SVB
The ripple effect from Silicon Valley Bank’s closure is expected to spread across cryptocurrency industry too as Circle reportedly holds significant exposure towards it while Tether issues USDT stablecoin on its platform too; both companies have major exposure towards Silicon Valley Bank now due to its closure.
Impact Of Shutdown On Crypto Ecosystem
The entire crypto ecosystem is going through disarray ever since Silicon Valley bank shutdown news came out but there’s still some ray hope with Elon Musk offering his support through ‘openness’ towards buying it up! It remains unclear what plans he might have but if he succeeds then crypto industry may experience improved financial infrastructure with SVB acquisition plus make Twitter into biggest financial institution through everything app X for Twitter!
Elon Musk acquiring collapsed Silicon Valley Bank can be seen potential ray hope for cryptocurrency industry yet there are still many things left unknown such as his motives behind this move or how much exposure other companies such as Circle or Tether possess towards this shutdown bank; Only time will tell if this move results into something beneficial or not!
• Orbeon Protocol (ORBN), Shiba Inu (SHIB) and Bitcoin (BTC) are set to be the big cryptos for March 2023.
• ORBN is continuing its presale, with a new token price of $0.0835 in the ninth phase.
• SHIB has matured and is being adopted by serious investors while BTC is seeing a resurgence in price.
Orbeon Protocol (ORBN)
The Orbeon Protocol (ORBN) is currently undergoing its presale with a new token price of $0.0835 in its ninth phase. This digital asset has been pumping during the ongoing presale and is expected to continue to rise in popularity throughout March 2023. ORBN offers users access to secure, trustless networks, anonymous transactions, and low transaction fees that make it an attractive option for those looking for exposure to cryptocurrencies.
Shiba Inu (SHIB)
Shiba Inu (SHIB) was created as a „Dogecoin killer“ and is currently the 14th largest cryptocurrency by market capitalization. It started off as a meme coin but has since matured and gained serious investor interest due to its high potential for appreciation given that it surged by more than 10,000% during 2021’s bull run. SHIB will soon release Shibarium — a scaling solution that could take the coin to even greater heights making it one of the top-performing digital assets of all time. The Shiba Inu (SHIB) price has already appreciated by more than 100% since January 2023 with no signs of stopping anytime soon!
Bitcoin (BTC) remains the poster boy of crypto world with over $1 trillion market capitalization — making many early investors millionaires when it pumped to new all-time highs in 2021. This surge in popularity caused an influx of people interested in cryptocurrencies especially Bitcoin (BTC). Though this hype couldn’t sustain itself leading BTC back down to recent lows at around $15,600; however, it’s now seeing a resurgence which could bring BTC back up again!
All three digital assets have great potential for growth this month and beyond: Orbeon Protocol’s low transaction fees makes it appealing for crypto users; Shiba Inu’s upcoming Shibarium scaling solution will increase adoption; while Bitcoin’s enduring popularity continues despite previous lows providing long term stability for investors – making them all great options for those looking for exposure to cryptos!
• Altcoin traders are closely watching Tezos (XTZ), SingularityNET (AGIX) and Terra Luna Classic (LUNC) as they have potential to breakout in the coming week.
• Google Cloud’s partnership with Tezos has made it a crypto asset with considerable upside potential, while ChatGPT’s popularity is driving demand for AI altcoins like AGIX.
• LUNC is currently forming a triangle pattern with the potential of breaking its 31.8% Fib level, setting up a possible surge to its Bollinger band’s upper limit of $0.66.
Altcoins May Breakout In Coming Week
In recent times, there has been a noticeable shift in sentiment among crypto investors towards altcoins, as opposed to Bitcoin. This shift is partly attributed to the growing understanding of altcoin’s diversity and future potential beyond Bitcoin’s dominance.
Despite the ongoing market downturn affecting most cryptocurrency prices, Tezos‘ (XTZ) value has gained significant attention due to Google Cloud’s partnership. As of writing, the XTZ token trades at $1.25 with a decline of 8%. Looking at the daily price chart, Tezos may make a bullish reversal in the coming week with a target of $1.75.
As AI platform ChatGPT’s popularity is constantly rising, AI altcoins like AGIX have gained enough attention to break their upcoming resistance levels in the next week. The AGIX token is currently trading at $0.42, with a gain of 6.5% in the last 24 hours and may head toward resistance near EMA-100 at $ 0.45.
Terra Luna Classic (LUNC)
The price movement of Luna Classic is currently in an intriguing position that indicates it may break above its 31.8% Fib level soon and move towards its Bollinger band’s upper limit of $0.66.
Altcoins such as Tezos (XTZ), SingularityNET (AGIX) and Terra Luna Classic (LUNC) have garnered significant attention this week which may send them to new highs soon if they manage to break out from their respective resistance levels.
• George Tung predicts Bitcoin (BTC) will hit $50,000 by June 2023 based on angel metrics, institutional adoption and increasing use case.
• Angel metrics such as the Rhodo ratio, MVRV score, realized cap hold of waves, and reserve risk indicate that BTC has bottomed out.
• Institutional adoption is increasing with companies like BlackRock and Fidelity investing in Bitcoin-related companies and offering their own funds.
Why Bitcoin Price Can Hit $50k Soon?
George Tung has released a new analysis video discussing Bitcoin’s potential to hit $50,000 by June. He presents three reasons for his argument: angel metrics, institutional adoption and increasing use case.
Tung cites several indicators which suggest that Bitcoin has hit its lowest point using previous data. The Rhodo ratio, MVRV score, realized cap hold of waves and reserve risk all show signs of recovery after bottoming out. Additionally, Tung notes the fractal pattern similar to 2019 when Bitcoin shot upwards after going sideways for a few months.
BlackRock and Fidelity have both invested in Bitcoin-related companies which shows increased institutional adoption into the space. BlackRock holds a $15 billion fund for BTC while Fidelity is involved with miners and institutions already. This brings in more money into the crypto market which could lead to an increase in price of BTC.
Increasing Use Case
The recent success of the first Bitcoin NFT collection suggests growing demand for digital art storage on the blockchain network as well as upgrades for better usability features like Stacks project allowing dApp makers to program on top of it and 35K deployed smart contracts via Lightning Network making it ideal as a medium for exchange or store of value against inflation – appealing to investors worldwide.
Tung advises investors to exercise caution before making any investment decisions due to volatility in cryptocurrency markets. As of press time BTC stands at $24 876 meaning there’s still some ways to go before it potentially hits its projected target price.$50 000 by June 2023..
SEC Declares War on Crypto Space
The Securities and Exchange Commission (SEC) has declared war on the crypto industry, taking a hard-line stance against crypto firms and digital assets. This is due to the decentralized and unregulated nature of cryptocurrencies that make it a lucrative investment opportunity, leaving room for fraud and scams. The SEC is tasked with ensuring that investors are protected and that financial markets are fair as they visualize the crypto market as a potential threat to those goals.
GlobalBlock Analyst States “It’s Just Starting”
After a hefty fine on Kraken’s crypto staking, SEC is now stretching its regulatory attention to Binance’s BUSD stablecoin issuer Paxos. Today, the SEC issued an official notice to Paxos with allegations of unregistered securities, creating uncertainty among investors. However, Marcus Sotiriou, an analyst at digital asset broker GlobalBlock states this is just the start of regulation in the cryptocurrency sector.
Crypto Favors Clarity Rather Than Regulation By Enforcement
Global regulators have taken drastic steps in bringing the crypto space under strict regulation but without proper global regulations in place many crypto firms are left in confusion about expanding their operations. This emphasizes that while regulation by enforcement may be effective in keeping out scammers from entering the market it also limits innovation within its borders.
Experts Believe This Is Just The Beginning
Analysts predict this ongoing heat on the crypto sector may be just the beginning as financial institutions continue to grapple with how best to approach blockchain technology and cryptocurrencies. Though no clear solution exists yet, research suggests increased transparency could help prevent malicious actors from exploiting digital assets for fraudulent purposes.
The recent notices against Paxos from both the New York Department of Financial Services (NYDFS) and US Securities and Exchange Commission (SEC) have created bearish sentiments through out the cryptocurrency sector signaling this could be just the beginning of more regulations coming up in future for cryptos .Though these regulations can help protect investors from frauds but lack of clarity can force many crypto firms to withdraw from US or operate offshore which will hinder innovation within its boundary .
- Undercity is launching a $150,000 airdrop giveaway to celebrate the launch of its act-to-earn village and growing community.
- Anyone can enter the giveaway by completing tasks on Gleam and holding at least $150 worth of Undercity’s native token ($UND).
- The prize will be distributed among one lucky winner who completes the tasks for multiple entries.
Undercity is a hybrid gaming metaverse that brings alive an unprecedented act-to-earn virtual village. The 10,000 meter-square village houses various facilities such as virtual reality rooms, atmosphere bars, streaming rooms, and retro-gaming rooms. It aims to take the experience to global users by reproducing the village in the metaverse. The project’s ambition has resonated with many users around the world, resulting in a rising community.
$150K Airdrop Giveaway
Undercity launched an airdrop with $150,000 up for grabs to celebrate its presale and growing community. Participants must hold at least $150 of Undercity’s native token ($UND) at the time of draw in order to be eligible for this prize. To join this giveaway via Gleam they have to complete listed tasks that come with multiple entries; such as entering their crypto wallet address; joining @undercity_chat on Telegram; tweeting @undercity_off on Twitter; following & retweeting @undercity_off; visiting @undercity.officiel on Instagram; visiting their website undercity and sharing it with friends (10 extra entries).
In order to participate in this giveaway you need to hold at least $150 of Undercity’s native token ($UND) at the time of draw. Additionally you must complete all necessary steps mentioned above for multiple entries via Gleam platform in order increase your chances of winning.
Undercity is offering an incredible opportunity for anyone interested in participating in their $150K Airdrop Giveaway! This is an excellent way to spread awareness about their project which includes opening up a new virtual village dedicated particularly towards gamers, role players, and cosplayers from all over the world! All participants must meet eligibility requirements listed above and complete given tasks for multiple entries via Gleam platform if they wish to stand a chance of winning!
• Djed stablecoin is a Cardano-based overcollateralized stable asset that was launched on Wednesday and has already attracted over 27 million in ADA base reserves.
• Djed stablecoin has a total value locked of around $10.39 million and a collateral ratio in the range of 400-800 percent.
• COTI noted that SHEN tokens cannot be minted anymore and traders can only access them through DEXs.
Cardano-based Djed Stablecoin has caught the attention of the crypto market after it was officially launched on Wednesday. The stablecoin, which is powered by COTI and developed by IOG, has already attracted over 27 million in ADA base reserves and has a total value locked (TVL) of around $10.39 million.
The Djed stablecoin is an overcollateralized stable asset backed by ADA and SHEN tokens as reserve coins. As such, the Djed stablecoin cannot de-peg from the programmed price like Terra Luna UST. The stablecoin has a collateral ratio in the range of 400-800 percent, meaning that for every Djed minted, the system ensures that there is more than 4 times the value of ADA in the reserve pool.
In order to ensure trust with users, COTI has noted that SHEN tokens cannot be minted anymore and traders can only access them through DEXs. This is to ensure a healthy market. The future outlook of Djed stablecoin on the Cardano network is uncertain, however, the Cardano network has provided the crypto market with a much-needed decentralized stablecoin after the implosion of Terra Luna UST.
It is yet to be seen if the Djed stablecoin will be able to convince both regulators and traders that its infrastructure is not similar to Terra Luna and will not suffer the same fate. With its overcollateralized structure and SHEN tokens only accessible through DEXs, the Djed stablecoin may be able to provide the market with a secure and reliable stablecoin.