Among a litany of U.S Government crackdowns, the world’s largest cryptocurrency exchange, Binance, and its CEO, Changpeng Zhao, are facing a lawsuit from the Commodity Futures Trading Commission (CFTC) for allegedly working to circumvent regulations and allow US customers to trade on its platform without proper registration.
Despite the US crackdown on cryptocurrencies, TMS Network (TMSN) has managed to surpass its rivals Chainlink (LINK) and Algorand (ALGO) with remarkable ease.
Read on to find out more about TMS Network (TMSN)’s journey to success amidst regulatory challenges.
TMS Network (TMSN)
TMS Network (TMSN) is a decentralized trading platform that seeks to disrupt traditional trading by removing the need for centralized intermediaries, offering traders the flexibility to manage their assets and execute trades on their terms.
TMS Network (TMSN) addresses critical issues in today’s trading, such as high trading costs, slow transactions, price manipulation, and a poor trading experience. TMS Network (TMSN) provides access to various asset classes, including cryptocurrencies, stocks, foreign exchange, and CFDs, with advanced security measures in place to protect assets and transactions.
TMS Network (TMSN) offers top-of-the-line security features, such as encryption and multi-sig wallets, making it a standout platform. It also provides traders with educational resources to reduce costly mistakes and enhance their skills.
The TMS Network (TMSN) has unveiled an exclusive token named TMSN, providing various platform features such as reduced trading expenses, increased staking rewards, and the ability to engage in voting procedures that affect the platform’s administration.
As the TMS Network (TMSN) token is currently trading at $0.05 in the second phase of its presale, marking a significant increase of over 100 times the initial presale price, experts anticipate a favorable market trend for the platform in 2023.
TMS Network (TMSN) has gained significant investor confidence, and the market is expected to follow suit.
Chainlink (LINK) is a decentralized oracle network that connects smart contracts to off-chain data sources, providing accurate, tamper-proof data. This network operates on Ethereum’s blockchain, allowing developers to build decentralized applications (dApps) that can interact with external data sources in a secure and reliable manner.
Currently, Chainlink (LINK) is trading sideways and struggling to break through a critical resistance level. The token is consolidating above the 200-day EMA at $7.37, but downward support seems to be stronger than overhead pressure.
There is a possibility that Chainlink (LINK) could break through the $7.37 resistance level before moving towards the critical resistance at $7.65. However, a daily candlestick close below the 100-day EMA at $7.00 could invalidate the bullish thesis.
The on-chain metric supports the bullish case for Chainlink (LINK), and if buyer momentum increases, the token could reach the $8.34 resistance level, which is a 16% ascent from the current price. Conversely, if seller momentum increases, Chainlink (LINK) could fall to around the $6.53 support level, which is a 20% descent from the current level.
Algorand (ALGO) is a decentralized, permissionless blockchain platform designed to provide scalability, security, and speed for decentralized applications (dApps) and financial transactions.
The Algorand (ALGO) price is on the brink of breaking out from a confluence of resistance levels, which could trigger a significant price surge.
Since September 2021, the Algorand (ALGO)price has been under a descending resistance line that has rejected the price on several occasions, most recently in February 2023 (red icon). This line corresponded with the $0.285 horizontal resistance area (red icon) at the time.
Despite the subsequent price drop, the Algorand (ALGO) price has established a higher low and is currently attempting another breakout. If this attempt is successful, the Algorand (ALGO)coin price could reach the $0.285 resistance area and potentially rise to $0.420.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.