The cryptocurrency market is known for its high volatility and wild price swings. Cryptocurrency prices are highly susceptible to major news and other occurrences in the market. Well-known individuals like Elon Musk are known to affect cryptocurrency prices with their announcements, which is exactly what happened this Monday after Elon used a Shiba Inu image to replace the bird in Twitter’s logo.
Whales have also led to an increase in the price of Cardano (ADA) after buying large amounts of the ADA tokens as other investors clamor to acquire some TMS Network (TMSN) tokens before the presale ends.
Dogecoin (DOGE) Jumps 30% After Elon Musk Replaces Twitter Logo with Shiba Inu
On Monday, April 3, Elon Musk booted the traditional bird icon that serves as Twitter’s logo and replaced it with an image of a Shiba Inu doge in what is thought to be a nod to Dogecoin (DOGE) cryptocurrency.
Soon after, Musk address the change by tweeting “as promised” in response to a one-year-old Twitter conversation where a user suggested that Elon Musk but Twitter and change the logo to a Doge.
The change of the logo happened only two days after Musk asked the judge to throw out a case where Musk is accused of running a pyramid scheme to support the Dogecoin (DOGE) cryptocurrency.
Although it is not yet clear whether the logo change is permanent, the change has resulted in a price hike for the Dogecoin (DOGE) cryptocurrency. In just 24 hours after the change, the price of Dogecoin (DOGE) has rallied by more than 20%. By Tuesday, Dogecoin (DOGE) was trading at 9 cents from less than 8 cents on Monday morning.
Elon Musk has always been vocal bout Dogecoin (DOGE) being his favorite cryptocurrency. As a result, any comment he makes about Dogecoin (DOGE) always results in wild price swings for the cryptocurrency. However, Musk’s comments about Dogecoin (DOGE) landed him in trouble after Dogecoin (DOGE) investors accused him of using Dogecoin (DOGE) to run a pyramid scheme by using clout to influence the rise of Dogecoin (DOGE). Musk, however, maintains that it is not illegal about posting funny pictures or words of support about a legitimate cryptocurrency.
Whales Are Stocking Up On Cardano (ADA)
According to data from IntoTheBlock, Cardano (ADA) whales have added more than 150 million ADA tokens to their wallets in the last month. The whales now hold more than 5.3 billion worth of ADA tokens, which is an increase from their previous holdings of about $5.2 billion worth of ADA. As a result, the price of Cardano (ADA) has increased by at least 13% in the last week.
One of the reasons for the recent increase in activity on the Cardano (ADA) network may be because of an increase in the adoption of smart contracts on the Cardano (ADA) network. As more networks are building on Cardano (ADA), the demand for ADA is going up, leading to a spike in activity and consequently the rise of ADA.
Another reason for the recent whale activity on Cardano (ADA) could be that whales are locking in their profits after months of lukewarm ADA price performance.
TMS Network (TMSN) Presale Explodes
If you have ever traded derivatives, you know how difficult it is to find a platform where you can trade all the different assets you want in your portfolio without having to switch between different platforms. You also know that finding the right price for your trade is an almost impossible task because every platform shows a slightly different price and it can be difficult to go through all the platforms and switch between them till you find the best price.
These and other problems that traders experience are now a thing of the past with the new decentralized trading platform TMS Network (TMSN).
TMS network is an Ethereum-based platform designed to provide traders with the tools they need to experience smooth trading with competitive prices. The TMS network offers traders world-class trading education, and access to portfolio management tools, trading bots, and strategy-building tools. TMS Network (TMSN) also offers social trading features that help novice traders access and benefit from the knowledge and expertise of advanced traders.
In other words, the TMS network is a dream come true for any trader who wants the best trading experience and the best prices too.
The TMS Network (TMSN) presale has already raised more than $4 million in the second phase of its presale, and the price of TMS Network (TMSN) tokens has also risen to 0.07 after posting a growth of more than 1,200%. The TMS Network (TMSN) tokens will soon be available for purchase on Uniswap.
Learn more about TMS Network here:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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