As 2023 marches on, the crypto landscape continues to be shaped by various factors, including major developments within individual projects and broader market trends. Among the key players driving the current conversation are Cardano (ADA), Dogecoin (DOGE), and TMS Network (TMSN), each of which is making headlines for its unique approach to blockchain technology and cryptocurrency adoption.
One factor that has the potential to impact all three projects and the wider crypto landscape is the recent AXS token unlock, which could have major implications for the industry going forward.
AXS token is built on the Ronin Network, an Ethereum-linked sidechain, meaning it won’t have an effect on Cardano (ADA). Cardano (ADA) has seen rapid growth in its ecosystem with the recent launch of its stablecoin, Djed. Djed has quickly become the fourth largest project within the Cardano (ADA) ecosystem, providing stablecoin support for dApps. As per a report by Input Output, the Cardano (ADA) network has seen a total of 117 projects launched and has 1,209 projects currently being built.
Although the price of Cardano (ADA) has witnessed a rise of 1.14% on the daily chart, it is currently trading at $0.4064, which is 86.89% below its all-time high of $3.10. Despite this, Cardano (ADA) continues to show promise as its ecosystem expands and gains wider acceptance in the market.
In response to the growing demand from the Dogecoin (DOGE) community for an upgrade, the developers of Dogecoin (DOGE) have launched “lib-dogecoin 0.1.2.” This upgrade aims to improve the usability and interoperability of the Dogecoin (DOGE) network and ultimately redirect market attention from Shiba Inu’s Shibarium to Dogecoin (DOGE).
Although AXS token unlock has made sparks in its value, Dogecoin (DOGE) continues its bearish trend. Also, despite the release of this upgrade, the price of Dogecoin (DOGE) has not shown a positive response. Over the past week, DOGE’s market value has decreased by 7.62%, and in the past month, it has dropped by 13%. Currently, Dogecoin (DOGE) is trading at $0.08, a significant decline from its all-time high of $0.69.
TMS Network (TMSN)
AXS’s new development will not impact TMS Network (TMSN) value since it’s still in its presale phase. TMS Network (TMSN) is a decentralized trading platform that utilizes blockchain technology to enable users to trade various assets without a centralized intermediary.
Compared to other DeFi ecosystems, TMS Network (TMSN) is user-friendly and accessible to a wide range of users. The platform’s potential for growth and its rewards program has attracted a number of high-profile investors, making it a favored option among cryptocurrency investors.
TMS Network (TMSN) has already raised over $4 million in total investments, making its presale a resounding success so far. The platform is still in its early stages, but as more investors discover the benefits of TMS Network (TMSN), its user base is likely to grow, which could lead to increased demand for its native token, TMSN.
TMS Network (TMSN) offers investors a variety of tools to help traders earn income on their investments, including an advanced strategy builder and social trading networks. Its ease of use and potential for growth make it an attractive option in the decentralized trading space.
Currently, TMS Network (TMSN) is available for $0.085 per token, and this price is likely to rise as the presale continues. Early investors will also get access to a 30% deposit bonus for a limited time.
To summarize, it’s clear that projects like Cardano (ADA), Dogecoin (DOGE), and TMS Network (TMSN) are leading the charge with their unique approaches to blockchain technology and cryptocurrency adoption. While the recent AXS token unlock has not impacted these projects, TMS Network (TMSN) continues to show the most promise as an up-and-coming crypto investment with the potential to explode in value during the coming year.