The crypto markets have endured a rough start to 2022 as Bitcoin, Ethereum, and some other major cryptocurrencies enter corrections after momentous rallies.
2023, on the other hand, seems to be looking much brighter. However, amid the recent market downturn, an exciting development offers investors hope—EOS (EOS) surging 9%.
While Cardano (ADA) surpassed its records of 1+ year token holders to reach an all-time high. Meanwhile, TMS Network (TMSN) has been backed by some major players in the cryptocurrency space.
This recent advancement offers a bright reflection of what’s possible in 2023 and the coming years ––could this be a sign of the bull market returning soon?
EOS Price Surge Amidst Recent Market Crash
EOS has suddenly seen an unexpected jump of close to 9% amidst a downturn in the market. At the time of writing, it stands at $1.27, having gone up 10.05% in the last seven days, while trading volume has shot up 130% in the previous 24 hours.
While other cryptos suffer losses, EOS’ sudden jump signals investors breaking out from the herd and taking advantage of these unique opportunities despite turbulent conditions in the digital asset space.
The crash appears to be a reaction to the news that exchanges would no longer be doing business with Embattled Bank on Thursday, following concerns about crypto-friendly bank Silvergate’s financial stability, triggering a liquidity crunch that negatively affected the overall cryptocurrency market.
Cardano’s (CAD): A Long-Term Bag For Many
As more people choose to hold on to their Cardano (ADA) coins for more than a year, it becomes apparent that ADA is increasingly seen as a long-term strategic investment.
There is an interesting market effect at play. As more investors hold their ADA rather than selling it in the short term, this decreases the overall circulating supply and can potentially escalate prices if demand follows suit. This is due, in part, to the confidence being built in the currency’s future potential and the belief that holding onto coins now can result in some positive rewards down the road.
This rise of interest in long-term holding among Cardano investors may be partially attributed to the continuing advancement of Cardano’s own technology – a smart contract platform that caters to both decentralised and non-decentralised applications. These developments are undoubtedly promising indicators for both long-time holders as well as potential new investors of ADA.
Major Players Backing TMS Network (TMSN)
As a revolutionary digital asset trading platform, TMS Network (TMSN) offers traders features and tools like no other decentralised platform. In addition to discounts on trading fees, users will find cutting-edge technology at TMSN, such as improved authentication systems and side-chain integrations.
Moreover, all transactions are securely stored in ledgers, ensuring absolute transparency in the system, and users’ funds can be safely used for trading without fear of fraud or tampering.
With its comprehensive environment and competitive advantages, investors who recognise this emerging trend have been diving into TMS Network (TMSN), investing their valuable resources into the future of decentralised networks. Such players currently partnered with TMS Network (TMSN) include Uniswap, Analytics Insight, The Coin Republic & Renaissance.
For more information please check out the following 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
Twitter: https://twitter.com/tmsnetworkio
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