The cryptocurrency market has been seeing some interesting developments, including a surge in network activity for Cardano (ADA), and a potential upward movement for Ripple (XRP). Meanwhile, TMS Network (TMSN) aims to establish itself as a top-tier platform in the blockchain industry, offering users the ability to trade various derivatives using cryptocurrency payments directly from their wallets. TMS Network (TMSN) presale is currently underway, with analysts predicting a potential price increase to $2 by December 2023.
Cardano (ADA) Observes Massive Spike in Network Activity
Cardano (ADA) is a decentralized and open-source public blockchain platform that uses proof of stake for achieving consensus. Cardano (ADA) is the most significant cryptocurrency to adopt proof of stake blockchain, which is considered an eco-friendlier alternative to proof of work protocols. Cardano (ADA) saw a significant surge in network activity recently. An enormous 204 billion ADA coins were transacted, reflecting a growing interest in Cardano’s smart contract capabilities. The spike in the network activity could be attributed to several factors, including increased adoption by developers, and new projects being built on Cardano, resulting in a rising demand for ADA tokens. Additionally, investors may be taking profits following the recent uptrend in Cardano’s (ADA) price, prompting large transactions on the network. The heightened network activity could also be a result of anticipation for upcoming upgrades and partnerships within the Cardano ecosystem, leading investors to adjust their holdings in preparation for potential growth in ADA value.
Ripple (XRP) Shows Potential for an Upward Movement
Ripple (XRP) price has increased significantly in March, and is currently trading within the long-term $0.565 resistance area, which is a crucial area since the price has not traded above it since May 2022. A successful reclaim of this area could lead to a pump for Ripple (XRP) to the next resistance at $0.925, which is a 66% increase from the current price. The weekly RSI indicates that there is support for the increase in Ripple (XRP) price, which has been on the rise lately. Ripple’s (XRP) positive momentum was further boosted by Ryan Selkis, the founder of Messari, expressing his belief that the SEC’s case against Ripple Labs is excessive, and a favorable resolution for Ripple (XRP) is likely. A potential catalyst for further price increase of Ripple (XRP) would be a close above the $0.565 resistance level, which could push the price up to $0.925. However, if the price of Ripple (XRP) is rejected at this level, it could drop to the previous support level of $0.430.
TMS Network (TMSN): A Top-Tier Blockchain Platform Trending in its Presale
TMS Network (TMSN) intends to establish itself as a leading platform in the blockchain industry with the potential to attract millions of users globally. TMS Network (TMSN) provides users with the opportunity to trade various derivatives, including stocks, CFDs, forex, and more, by making cryptocurrency payments directly from their wallets. TMS Network (TMSN) has several features, including social trading functionality, copy traders, and integration with MT4 and MT5.
TMS Network’s (TMSN) native cryptocurrency offers various advantages to its holders, such as governance voting rights, and access to advanced trading tools. Additionally, they can earn a commission fee for every trade on TMS Network (TMSN). In the second stage of its presale, TMS Network (TMSN) is being traded at $0.046, and experts anticipate that its value may rise to $2 by December 2023.
To get in early on the project, interested individuals can sign up for its presale. TMS Network (TMSN) could potentially be a wise investment choice in 2023.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/tmsnetworkio
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