Crypto Weekly Spotlight: TMS Network (TMSN) Soars with $4.0 Mio Gains, Leaving BNB (BNB) & Polygon (MATIC) to Reflect on CFTC Lawsuit
The recent civil enforcement action filed by the Commodity Futures Trading Commission (CFTC) against Changpeng Zhao and three entities that operate the Binance platform has left BNB (BNB) & Polygon (MATIC) in uncertainty. Meanwhile TMS Network (TMSN) appears unmoved, surging to a remarkable gain of 2240% or $4.0 Mio in presales.
In this article, we will be discussing TMS Network (TMSN), BNB (BNB) & Polygon (MATIC) as they all seek to navigate the ever-changing landscape of cryptocurrency.
TMS Network (TMSN)
TMS Network (TMSN) seeks to revolutionize conventional trading by eliminating centralized intermediaries, allowing traders to manage their assets and trades independently. The Ethereum-based decentralized platform aims to address common problems in trading, including high costs, slow transactions, price manipulation, inconsistency, and poor trading experiences.
TMS Network (TMSN) offers a range of asset classes, including cryptocurrencies, CFDs, foreign exchange, and stocks, while utilizing advanced security measures to protect transactions and assets.
One of TMS Network’s (TMSN) most notable features is its state-of-the-art security. Multi-sig wallets, regular security audits, and encryption are among the security measures the platform employs to ensure the safety and security of traders’ transactions and assets.
Traders can benefit from TMS Network’s (TMSN) educational resources such as guides, webinars, and video tutorials, which help them develop knowledge and skills to make informed decisions and trade confidently, reducing the learning curve and costly mistakes that often hold traders back.
TMS Network (TMSN) has gained the trust of investors, and the market is expected to follow suit, indicating the potential of the platform.
BNB (BNB)
BNB (BNB) is a cryptocurrency native to the Binance Chain and is used as a utility token on the Binance exchange platform. BNB (BNB) serves as a payment method for transaction fees, trading discounts, and other services offered by Binance. BNB (BNB) is also utilized as a token for Binance Launchpad, a platform for token sales.
BNB (BNB) is currently facing increased scrutiny by the Dubai regulator as it demands additional information from the company regarding BNB (BNB)’s ownership structure, governance practices, and auditing protocols.
The Virtual Assets Regulatory Authority (VARA) is seeking comparable information from all multinational corporations applying for licenses in the city. The measures are part of a drive to get the United Arab Emirates off the “grey list” maintained by the Financial Action Task Force.
BNB (BNB)’s native cryptocurrency, BNB, has witnessed a 1% drop in price to $311. The time it takes to respond to the VARA queries is longer due to the scale and complexity of BNB (BNB).
Polygon (MATIC)
Polygon (MATIC) is a Layer 2 scaling solution for the Ethereum network that aims to improve transaction speeds and lower fees. Polygon (MATIC) is a protocol and framework for building and connecting Ethereum-compatible blockchain networks. MATIC is the native cryptocurrency of the Polygon ecosystem.
Polygon (MATIC) has hit a resistance level of $1.15, leading to concerns of a possible price drop. Polygon (MATIC)’s overbought status and the profit-taking wave among whales are among the on-chain factors that are raising bearish concerns.
Despite the launch of Polygon (MATIC)’s native zkEVM scaling solution, which received expert praise and media attention, on-chain data suggests that Polygon (MATIC) investors are not convinced that it will result in significant price gains. Large investors, or whales, have been selling off their holdings since mid-February, according to data compiled by Santiment.
The Network Value to Transaction Volume (NVT) ratio has also spiked in the past week, indicating that Polygon (MATIC) is overvalued around current prices and may be due for a correction. As a result, the Polygon (MATIC) price could experience a retracement to $1 or lower, based on IntoTheBlock’s aggregate of limit orders placed on exchanges.
To know more about TMS Network (TMSN), check out these 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
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.
Source: null tx
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