The cryptocurrency market is notorious for its erratic and volatile price movements, which may occur in minutes or even hours. Some tokens, nevertheless, appear to defy market trends and do well even when the market as a whole is having trouble. The TMS Network (TMSN), which has experienced a stunning increase in price in recent weeks, is one such token. Meanwhile Binance Coin (BNB) and Shiba Inu (SHIB) have seen continued decline as investors dump their holdings, citing underperformance.
Binance Coin (BNB): Examining the Price Decline
Binance Coin (BNB) is the native token of the Binance ecosystem, which also consists of the Binance exchange and the Binance Smart Chain. Binance Coin (BNB) is used to cover trading costs on the Binance platforms in addition to participating in governance, staking, and token sales.
Binance Coin (BNB) was one of the top cryptocurrencies in 2021. However, Binance Coin (BNB) has had a significant fall. This correction has seen it lose more than 50% of its value since then. Binance Coin (BNB) is currently trading at $266.441, a decrease of 4.04% in the last 24 hours. The price decline of Binance Coin (BNB) extends beyond the daily timeframe. The coin has shed off 17.67% of its value in the last 30 days.
Several causes may have caused Binance Coin (BNB) price decrease. These include the general gloomy mood in the cryptocurrency market brought on by regulatory uncertainty and environmental worries. Binance Coin (BNB) also faces competition from other exchanges and smart contract platforms, such as Uniswap, SushiSwap, Polygon, Solana, and others.
Shiba Inu (SHIB): Analyzing the Bearish Trend
Shiba Inu (SHIB) is a meme-inspired token that aims to be an Ethereum-based alternative to Dogecoin (DOGE). Shiba Inu (SHIB) was launched in August 2020 by an anonymous developer or group of developers named Ryoshi, who claimed that Shiba Inu (SHIB) was a “social experiment” and a “decentralized spontaneous community building” project.
Shiba Inu (SHIB) gained popularity and attention in May 2021 when it was listed on several major exchanges. Shiba Inu (SHIB) also received a boost from Ethereum co-founder Vitalik Buterin donating 50 billion SHIB tokens (worth about $1.2 billion at the time) to an India Covid relief fund.
However, Shiba Inu (SHIB) has lost most of its value and momentum since then. As of June 7th, Shiba Inu (SHIB) is trading at $0.00000865. This is down by 0.59% in the past 24 hours and 1.93% in the past 30 days.
TMS Network’s Strong Performance Amidst Bearish Market
TMS Network (TMSN) is an innovative decentralized trading platform that aims to provide an efficient, transparent, and secure way of trading digital assets. The TMSN Token powers the network to settle instant trades and transactions on the platform. TMS Network is one of the cryptocurrency market’s most creative and exciting ventures. The Ethereum-based platform allows users to trade all kinds of derivatives using crypto payments and without having to open a trading account.
TMS Network (TMSN) offers various innovative features and advantages for traders. It offers multi-asset trading. Here, traders can access various asset classes, including over 500 cryptocurrencies, equities, forex, and CFDs.
Traders also benefit from non-custodial portfolio management. They can always retain complete control over their assets without having to trust a third party with their funds. TMS Network (TMSN) has trading bots and strategy builders that allow traders to automate their trading strategies and optimize performance using a robust back tester.
TMS Network is positioned to overtake other trading platforms quickly because of its impressive presale success and impending platform launch. Invest in TMS Network (TMSN) today while it is still undervalued. The $TMSN token is now live in presale at a mere price of $0.104. Post-launch, the token is expected to 100x and trade above $1 before the end of 2023.
For more information on TMSN Network (TMSN):
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io
