Investors are currently showing a strong interest in TMS Network (TMSN) while turning their backs on Arbitrum (ARB) and Chiliz (CHZ).
The Arbitrum DAO has expressed its desire to reclaim ARB tokens
A fresh proposal has emerged in the continuing ARB saga, indicating that tensions remain high between the Arbitrum community, and the team. The Arbitrum (ARB) proposal reveals that the stakes are high, with nearly 1 billion dollars in funds at risk.
The proposal put forth a specific plan to transfer tokens from the Arbitrum (ARB) Foundation to the DAO, emphasizing the ultimate authority of governance token holders over the resources allocated to the DAO. Additionally, the suggestion aimed to repurchase Arbitrum (ARB) tokens from Wintermute by making use of any remaining fiat currency from the earlier $10 million over-the-counter (OTC) transaction.
As of now, the current trading price of Arbitrum (ARB) is $1.18, accompanied by a trading volume of $252 million within the past 24 hours. Over the course of the last 24 hours, there has been a 2.21% increase in the value of Arbitrum (ARB).
In recent times, the price of Chiliz (CHZ) has been confined to a tight range
On the daily chart, it is evident that Chiliz’s (CHZ) value has remained stable within a narrow range in recent days. Specifically, this price is consolidating around both the 50-day and 25-day moving averages. Additionally, Chiliz (CHZ) has surpassed the ascending trendline linking the lowest level from June of the previous year.
Having dropped beneath the crucial level of 60, the Relative Strength Index (RSI) of Chiliz (CHZ) suggests that the token will likely continue to stay within its current price range for the foreseeable future, with a possible retracement to the ascending trendline at $0.10. However, this bearish stance would become invalid if the token surpasses the key resistance level of Chiliz (CHZ) of $0.1432.
At present, Chiliz (CHZ) is being traded at a live price of $0.12, accompanied by a trading volume of $68 million over the course of the previous 24 hours. The past 24 hours have witnessed a decline of 1.06% in the value of Chiliz (CHZ).
The popularity of TMS Network (TMSN) has been rising among investors
TMS Network (TMSN) aims to tackle the current challenges that exist within the trading landscape, by offering a comprehensive range of derivative products to traders. These products include stocks, CFDs, cryptocurrencies, and forex, providing traders with access to a diverse range of tradable assets that can potentially result in greater profitability by using TMS Network (TMSN), due to an increased pool of liquidity.
Token holders of TMS Network (TMSN) are incentivized with a commission on trading revenues generated by other platform users, thereby motivating them to facilitate a surge in the trading volume on the platform. This can translate into greater revenue for both TMS Network (TMSN) platform, and its users. TMS Network (TMSN) facilitates in educating traders as well.
The second phase of the presale for the decentralized trading platform, TMS Network (TMSN), proved to be a tremendous triumph, with a finishing price point of $0.06 and overall investments surpassing $4 million. The price is now $0.075 with a tremendous limited time automatic bonus on purchases.
Conclusion
In conclusion, the crypto market is constantly evolving and witnessing new trends, challenges, and opportunities. While Arbitrum (ARB) DAO and Chiliz (CHZ) have been experiencing their own ups and downs, TMS Network (TMSN) is gaining popularity among investors by offering a wide range of derivative products and incentivizing its token holders with a commission on trading revenues.
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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