The recent drama unfolding in the crypto market has put a lot of concern in investors’ minds. A few days ago, the world’s biggest exchange platform, Binance, landed in hot water after $1.8 billion in USDC went missing. Still, traders’ interest in innovative trading is growing with the introduction of the TMS Network (TMSN). However, can the presence and success of TMS Network (TMSN) impact the future of established names like Shiba Inu (SHIB) and Stacks (STX)? Read on to learn more.
Shiba Inu (SHIB) Declines as Crypto Whales Dump Bags
Shiba Inu (SHIB) has recently been one of the most talked-about cryptocurrencies, thanks partly to its unique and meme-inspired background. At its launch, Shiba Inu (SHIB) saw significant gains in recent weeks, driven by the launch of the Shibarium update and a high-profile purchase by Ethereum whales.
However, the price of SHIB has taken a hit in the past few days, with a value decline of around 9% due to a massive dump of SHIB by crypto whales. WhaleAlert, a service that tracks large transactions in the crypto space, detected a huge whale transaction of more than 443 billion SHIB coins, worth roughly $5.1 million, being traded in a single exchange.
Currently, Shiba Inu (SHIB) has lost over 5% in the past 7 days after the Shibarium beta testnet code error. Still, Shiba Inu (SHIB) remains one of the most important and popular meme coins – holding over $6 billion in market capitalization.
Stacks (STX) Growth Slows Down Amid Bitcoin NFT Craze
Stacks (STX), a layer 1.5 Bitcoin-based blockchain that uses a proof-of-transfer (PoX) consensus mechanism, has seen its growth slow down despite the Bitcoin NFT craze. Built on the Bitcoin chain, Stacks (STX) allows the creation of smart contracts with a unique Clarity language with an easy-to-read syntax. At its core, Stacks (STX) uses microblocks to lower latency transactions.
While Stacks (STX) offers innovative features, its growth has been overshadowed by the recent surge in the popularity of Bitcoin-based NFTs. Meanwhile, there are growing concerns about the viability and efficiency of Stacks (STX) compared to modern scaling solutions. Nevertheless, Stacks (STX) remains an interesting project that aims to bring innovation to the blockchain space. Its use of PoX and reliance on Bitcoin make it a unique player in the industry that will gain ground as Bitcoin expands.
How TMS Network (TMSN) Could Impact the Future of Stacks (STX) and Shiba Inu (SHIB)
The TMS Network (TMSN) is a decentralized trading platform that aims to provide a secure and transparent environment for traders to exchange various cryptocurrencies, including Stacks (STX) and Shiba Inu (SHIB) tokens. With its innovative platform, TMS Network (TMSN) could potentially impact the future of these two cryptocurrencies in significant ways.
One of the key features of TMS Network (TMSN) is its use of advanced security protocols, including two-factor authentication, audits, and cold storage wallets, to ensure that users’ assets remain secure at all times. By providing a secure and transparent platform for trading Stacks (STX) and Shiba, TMS Network (TMSN) could help to increase their demand, stabilize their prices and promote its use in the broader cryptocurrency ecosystem.
Furthermore, TMS Network (TMSN) is providing the much-needed scalability, efficiency and low-cost decentralized trading that can complement the already innovative features of these assets. Overall, TMS Network (TMSN)’s decentralized trading platform could be a game-changer for the cryptocurrency market, particularly for Stacks (STX) and Shiba Inu (SHIB).
TMS Network (TMSN)’s massive presale raise is a testament to its growing adoption among traders and investors. Its disruptive educational programs, robust trading, and AI tools can help Stacks (STX) and Shiba Inu (SHIB) investors make effective trading decisions. Currently, the TMS Network (TMSN) token has shot up past 100x in presale and is now trading at $0.038. Experts are predicting another astronomic rise in TMS Network (TMSN) tokens as the launch nears.