The digital currency landscape is witnessing a new star in TMS Network (TMSN). Its stellar performance in recent times has left other crypto competitors, including The Sandbox (SAND) and Stacks (STX), in its wake. TMS Network’s (TMSN) swift rise is akin to a ‘Great Gatsby’ story in the volatile and thrilling cryptoverse, leaving others merely dreaming of green.
The Sandbox (SAND) Drops 12% in 7 Days, After SEC Allegations
The Sandbox (SAND) saw a 12% drop in value in the past 7 days following the United States Securities and Exchange Commission (SEC) allegations. The SEC identified The Sandbox (SAND) among numerous cryptocurrencies as unregistered securities, immediately impacting its market position.
The lawsuits filed by the SEC against leading crypto exchanges, Binance and Coinbase, included The Sandbox (SAND) in the list of tokens running afoul of U.S. securities laws. This has created an unfavorable atmosphere for The Sandbox (SAND), shaking investor confidence and contributing to the recent price drop.
Sebastien Borget, co-founder and COO of The Sandbox (SAND), addressed these concerns at the Non-Fungible Conference (NFC) in Lisbon. He stated that despite The Sandbox (SAND) being named in the lawsuit, the team is not directly subject to litigation. He further clarified that this situation doesn’t change the daily operations of The Sandbox (SAND).
Despite Borget’s reassurances, the market reaction to The Sandbox (SAND) reflects the impact of the SEC allegations. The coming days will determine if The Sandbox (SAND) can regain its lost ground amidst the regulatory uncertainties.
Stacks (STX) Enjoys Positive Run, But Bears Want to Control The Market
Despite a bearish trend in the broader cryptocurrency market, Stacks (STX), the layer-1 protocol facilitating smart contracts on Bitcoin, has shown remarkable resilience. In the past week, Stacks (STX) recorded an over 6% price increase.
Stacks (STX) recovered from a two-day price decline, rebounding with an 8.9% price increase on June 7. As a DeFi-enabling protocol, Stacks (STX) managed to prosper despite the SEC’s lawsuit against Binance and Coinbase.
However, despite these positive indicators, some bearish sentiment surrounds Stacks (STX). To break above $0.7, Stacks (STX) must conquer the 50 and 100-day Simple Moving Averages, indicating that bearish momentum still exists in the market.
The Bull/Bear power for Stacks (STX) is currently neutral, suggesting that the bulls need to overpower the bears for a price rally. With Stacks (STX) trading at $0.65, reaching the $0.7 mark could be difficult once the bears take control.
TMS Network (TMSN) Presale Surge: Underdog Promises 1000% Surge Backed by Pro Features
TMS Network (TMSN), the budding blockchain platform, has caused a stir in its fourth presale stage, surging by an impressive 2,000%. With a unique proposition and pro features, TMS Network (TMSN) is projecting a further 1,000% surge. TMS Network (TMSN) offers a trading platform encompassing multiple digital assets, including forex, stocks, CFDs, and cryptocurrencies.
Security is a priority for TMS Network (TMSN). High-tech encryption, multi-signature wallets, and insured assets ensure user assets are well-protected. TMS Network (TMSN) incorporates MT4 and MT5 algorithms, making transactions smooth and hassle-free.
A vibrant and collaborative community underscores TMS Network’s (TMSN) appeal. TMS Network (TMSN) has also undergone audits from established platforms, bolstering user confidence.
The future looks promising for TMS Network (TMSN), with bullish predictions hinting at continued growth. Now is an opportune time to be a part of TMS Network’s (TMSN) exciting journey.
Conclusion
TMS Network (TMSN) is blazing a trail, leaving competitors, The Sandbox (SAND) and Stacks (STX), in its wake. The Sandbox (SAND) struggles amidst SEC allegations, while Stacks (STX) battles market bears. However, TMS Network (TMSN) capitalizes on pro features and strong security measures, promising a significant surge.
Find out more about the TMS Network (TMSN) presale below:
Telegram: https://t.me/tmsnetworkio
Website: https://tmsnetwork.io
Presale: https://presale.tmsnetwork.io
Discord: https://discord.gg/njA95e7au6
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
