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For the second week in a row, the value of major cryptocurrencies has risen as the financial industry recovers from the collapse of Silicon Valley Bank and fears of a broader financial crisis. The rally that began last week after the Federal Reserve announced that it would protect SVB depositors has seen Ethereum (ETH) and Solana (SOL) recover more than 10% in the last week, with further gains expected. TMS Network (TMSN) has not been left behind. The new market entrant has continued to dominate in presales as a top DeFi token expected to do wonders in the industry.
TMS Network (TMSN) is a decentralized, Ethereum-based all-in-one trading platform that aims to revolutionize trading by addressing the industry’s most pressing issues. TMS Network (TMSN) seeks to address issues such as price disparity, high trading fees, price manipulation, wash trading, transaction delays, insufficient trading experiences, and a lack of trading education among traders. TMS Network (TMSN) has continued to reach one presale milestone after another as it attracts more investors and expands its ecosystem. Market analysts predict quick 100x returns by the end of 2023 as TMS Network (TMSN) grows.
Ethereum Price Prediction: ETH To $2,000
Since reclaiming the $1,400 price level on March 10, Ethereum (ETH) has been on a steady rise, rising 27% through March 21. Ethereum (ETH) is currently trading at $1,748 with a $10.1 billion 24-hour trading volume. If Ethereum (ETH) continues to rise above $1,800, it is expected to face resistance at the $1,900 level. Further gains would push Ethereum past the $2,000 mark. On the downside, if Ethereum (ETH) loses momentum and begins to fall, it should find immediate support at $1,700 or $1,620.
The recent rally in Ethereum (ETH) can be attributed primarily to a broader crypto recovery, its increasing total value locked, and its deflationary token economics. This has encouraged market analysts and Ethereum (ETH) holders to expect a further rally to $2,000. Ethereum’s (ETH) TVL has increased by 30%, from $24 billion on November 24, 2022, to $30 billion by March 21, 2023. A lot has also changed since Ethereum reached an all-time high in 2021, including the burning of 3,016,607 ETH via Ethereum Improvement Proposal 1559. This contributes significantly to the perception of Ethereum (ETH) as a scarce digital asset.
Solana (SOL) Price Prediction: SOL Eyes Another Bull Leg To $25
Solana (SOL) started a steady bullish momentum above the $20 resistance level after finding support near $18.50 earlier in the week. Solana (SOL) bulls gave the cryptocurrency another push past $20, but they ran into resistance near the $22.80 region. Solana (SOL) reached a high of $22.95 before beginning to consolidate.
If Solana (SOL) regains momentum and breaks through the $22.80 level, the coin will face major resistance at the $23.00 level. A break above this level will generate bullish momentum toward the $25 resistance. Further gains will push Solana (SOL) to the $26.50 mark.
However, if Solana (SOL) fails to break above the $22.80 resistance level, it may begin a downside correction with the nearest support at $21.50. The first significant support is near $20.80. Solana (SOL) bears could drive the price down to $18.80.
Hottest Crypto of The Week: TMS Network (TMSN) Set To 100x Before The End Of The Year
Despite decent gains by Ethereum (ETH) and Solana (SOL), TMS Network (TMSN) has emerged as the hottest crypto to buy this week. TMS Network (TMSN) has piqued the interest of both institutional and retail investors, owing to its novel trading approach. The cutting-edge DeFi star intends to disrupt traditional trading by offering traders a seamless and enjoyable experience with instant transaction processing via cryptocurrency payments.
Unlike most DeFi platforms, traders on TMS Network (TMSN) can benefit from features such as social trading networks, trading signals, and copy trading to maximize their profits. The platform is also MT4 and MT5 compatible, allowing traders to plug in their expert advisors and trading bots. The platform’s non-custodial portfolio management ensures that traders maintain complete control over their funds.
TMSN token holders earn commissions on the trading volume generated by other platform users. The commissions earned increase as the platform grows in popularity. Smart contracts automate revenue distribution, ensuring transparency and fairness.
Purchase TMSN tokens at a discounted presale price today. Market experts predict up to 100x returns before the end of the year. Furthermore, as the TMS Network (TMSN) platform gains traction alongside DeFi’s growing popularity, TMSN is expected to be a top bull pick during the 2024-25 bull run.
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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