In the world of cryptocurrencies, Dogecoin (DOGE) has been a buzzword for its recent 20% ascent, but its rise has been dwarfed by the TMS Network (TMSN) and its colossal 2240% surge. This unexpected turn of events has left Stacks (STX) reeling in the process, as investors shift their attention towards the new high-flyer. In this article, we delve into what caused TMS Network (TMSN)’s rise and what it means for the wider crypto market.
Dogecoin (DOGE)
Dogecoin (DOGE) is a cryptocurrency that was created in 2013 by software engineers Billy Markus and Jackson Palmer. Dogecoin (DOGE) started as a joke based on a popular internet meme of a Shiba Inu dog, but has since gained a following and is now used for online transactions and as an investment.
Dogecoin (DOGE)’s value has been on the rise over the past 48 hours, increasing from $0.0767 to $0.1015 on April 3, 2023. As of April 4, 2023, Dogecoin (DOGE) is valued at $0.1004, showing positive momentum with a 24-hour trading volume of $14.06B, a market capitalization of $14.30B, and a market dominance of 1.21%.
The Fear & Greed Index indicates a bullish market sentiment with a score of 62 (Greed), and its circulating supply is 138.78B Dogecoin (DOGE) out of a maximum supply of 132.67B Dogecoin (DOGE). In the Proof-of-Work Coins sector, Dogecoin (DOGE) is ranked #3 in terms of market cap, while it is ranked #1 in the Meme Coins sector and #5 in the Layer 1 sector.
Stacks (STX)
Stacks (STX) is a cryptocurrency and a blockchain protocol designed to bring smart contracts and decentralized applications to Bitcoin. It aims to enable developers to build scalable, secure, and decentralized applications on top of the Bitcoin network. The Stacks (STX) blockchain uses a unique consensus mechanism called Proof of Transfer (PoX) that leverages Bitcoin’s security and stability to secure the Stacks network.
Stacks’ (STX) open and modular DApps allow for the creation of functionality that would be impossible in a traditional app. Every network activity is settled on Bitcoin’s blockchain, the most popular and arguably, the most secure blockchain currently in use.
The Stacks token (STX) is the native currency of the platform, powering the execution of smart contracts, processing transactions, and registering new digital assets on the Stacks 2.0 blockchain.
The Stacks presale was a huge success, and analysts remain optimistic about the project.
TMS Network (TMSN)
The decentralized trading platform of TMS Network (TMSN) operates on Ethereum’s blockchain, offering traders a seamless trading experience that connects traditional and emerging assets. TMS Network (TMSN) stands out in the market by addressing high fees, price manipulation, and transaction delays. Its social trading feature allows traders to connect, learn from, and copy successful strategies of peers, while on-chain analytics and trading bots empower informed decision-making.
Traders’ assets and transactions are kept secure through encryption, multi-sig wallets, and regular security audits. TMS Network (TMSN) has introduced a unique token called TMSN, which offers several platform functionalities, including lower trading costs, elevated staking incentives, and the authority to participate in voting processes that impact the platform’s governance.
With TMS Network (TMSN) token trading at $0.05 in stage two of its presale, representing over a 100x rise in initial presale price, analysts predict a bullish 2023 for the platform. In conclusion, TMS Network (TMSN) is a reliable and user-friendly platform that offers rapid transaction processing rates and exceptional token features. With its dedication to protecting users’ privacy and security, it has become the go-to platform for traders.
Joining TMS Network (TMSN) now would be the perfect time to get involved in the biggest thing of 2023. To know more about TMS Network (TMSN), check out these links below:
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
