Ripple (XRP) and Shiba Inu (SHIB) are popular cryptocurrencies that have consolidated in the past few weeks following a rebound at the start of the year. Both coins have experienced reasonable volatility and price fluctuations but have failed to break out of their respective trading ranges.
Read on for an analysis of the current market situation of Ripple XRP and Shiba Inu (SHIB) and an exploration of why some experts advise investing in TMS Network (TMSN).
TMS Network (TMSN) is a new decentralized trading platform promises to revolutionize the traditional trading industry. Despite being relatively new and still in presale, TMS Network (TMSN) has registered a 10X price jump making it even more appealing over Ripple (XRP) and Shiba Inu (SHIB).
Ripple (XRP) continues consolidation at $0.40, upside still to be tested
Throughout the last day, Ripple (XRP) has fluctuated in price between $0.4105 and $0.4216, showing only a small amount of volatility. Ripple (XRP) is performing well with the top 20 market rank, trading volume has however decreased by 26% to $892.55 million, while the entire market value is now trading at roughly $20.28 billion.
The $0.40 support and recent consolidation in the price of Ripple (XRP) have been in play. Along the way, slightly lower highs were established, creating a consolidation pattern known as a descending triangle.
Nonetheless, Ripple (XRP) trades in a relatively small range, suggesting that a break to either side may occur shortly. A move upward should occur, given that the $0.40 support has kept the market from a further decline over the past 24 hours.
As a result, if the Ripple (XRP) price movement can push higher in the next hours, we may witness a rapid jump to $0.46 local key resistance. The market will become even more optimistic for the coming week if it is breached.
Shiba Inu (SHIB) consolidates at $ 0.00001
Shiba Inu (SHIB), one of the most famous meme currencies in the cryptoverse, had significant price movement in early 2023. Despite maintaining reasonable trading volumes, the Shiba Inu (SHIB) price remained higher, reaching yearly highs of $0.000015.
Regrettably, the bulls lost control of the rise, causing the Shiba Inu (SHIB) price to plummet below the critical $0.00001. Nevertheless, the bulls have launched a substantial rally, with prices rising modestly but remaining limited below $0.000011.
Overall, market attitudes regarding Shiba Inu (SHIB) price are neutral at present, whether in the short or long term. As a result, the Shiba Inu (SHIB) price may linger inside the resistance and support levels in the short or long period until the bulls retake power and drive the market upward.
TMS Network (TMSN) Provides a Better Alternative
TMS Network (TMSN) is a pioneering platform that enables users to trade all derivatives, including stocks, CFDs, cryptocurrencies, and FX, through cryptocurrency payments without requiring a trading account. All the trader has to do is connect their wallet, and they will be able to trade across all major exchanges and then withdraw to their wallet. TMS Network (TMSN) uses blockchain technology’s decentralized capabilities to deliver this experience in a safe, effective, and transparent setting, doing away with the drawbacks of centralization.
Trading bots, strategy builders, and on-chain analyses are integrated into the platform to guarantee that TMS Network (TMSN) gives its members the best chances for successful trading. TMS Network (TMSN) is a brand-new decentralized exchange that aims to mitigate the risks of centralization, such as censorship and corruption. By using blockchain technology to build decentralized networks, TMS Network (TMSN) can ensure that transactions are safe and transparent, and that users own their financial assets.
TMS Network (TMSN) is currently in the second round of its presale campaign, which will conclude on June 15th. TMS Network (TMSN) has seen a large influx of investor deposits as investors flee centralized exchanges for their decentralized counterparts. As such the value of the $TMSN token has jumped 10x to $0.046 in just two months. This rally is expected to continue after the launch, returning approximately 100x before the end of the year.
For more information on TMS Network (TMSN) please see the links below:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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