President Joe Biden's new budget for the 2024 fiscal year sets the foundation for high-stake battles.
A $6.8 trillion budget proposal was released to reduce the deficit, raise taxes on the rich, and bolster military spending while ramping up competition with China.
After the proposal of this new budget, some of the largest cryptocurrencies in the Web3 space, including Bitcoin (BTC) and Ethereum (ETH), have seen a decrease in value, and investors are looking at newer ICOs, that can prove to be a hedge for their portfolio, such as TMS Network (TMSN).
Bitcoin (BTC) has been the go-to cryptocurrency for analysis in the minds of many cryptocurrency traders and investors, as it has the highest market capitalization. When Bitcoin recently fell under $20,000, $70 billion was wiped off of the crypto space.
Since the collapse, Bitcoin (BTC) has managed to kick back up in value. As of March 13, 2023, Bitcoin is trading at $22,064.97. In the last 24 hours, the trading volume surrounding the Bitcoin (BTC) cryptocurrency increased by 79.12%.
Regarding the all-time high point of value, on November 10, 2021, Bitcoin (BTC) reached a value of $69,044.77. As of March 13, 2023, Bitcoin (BTC) is trading at 68.01% under its all-time high value.
It is clear that Bitcoin (BTC) is a volatile cryptocurrency and can dip under $20,000 or go above it within a day.
Ethereum (ETH) commonly follows in the footsteps of the broader crypto market, and as Bitcoin (BTC) initially fell in value, so did Ethereum (ETH).
The Ethereum (ETH) cryptocurrency initially reached its all-time high on November 10, 2021, when it reached a value of $4,878.26.
As of March 13, 2023, the Ethereum (ETH) coin is trading at $1,584.44. This indicates that Ethereum (ETH) trades 67.50% lower in value from its all-time high.
Ethereum (ETH) has managed to increase in value in the last 24 hours and recover by 7.22%. However, recovering from the market's dip may take a long time.
For investors aiming to diversify their portfolio at highly-volatile times such as these, where Ethereum (ETH) is dipping in value, getting into the early stages of a project's ICO can prove to be a solid option. One such project is TMS Network (TMSN).
Those who aim to create a diversified portfolio that can provide them a hedge against Bitcoin (BTC) or Ethereum (ETH) losses can look at alternative cryptocurrencies such as TMS Network (TMSN).
TMS Network (TMSN) has completed Stage 1 of its presale and is on an upwards momentum, as even 50% of the Stage 2 presale is completed.
Demand for the TMS Network (TMSN) token is high. The TMS Network (TMSN) network is a decentralized trading platform that enables anyone to trade derivatives using cryptocurrencies directly.
Users can connect a wallet and begin trading stocks, forex, futures, or anything else on the TMS Network (TMSN) platform.
Other notable features behind the project include MT4 and MT5 support, a copy trader feature, and the ability for TMS Network (TMSN) token holders to participate in the governance procedure while also earning a commission for every trade made.
At the Stage 2 presale,TMS Network (TMSN) is offered at $0.038, and analysts predict that by Q4 2023, the token can reach $2.10 in value.
With the economy going down and crypto going down, analysts predict that the smart money is in a hedge, where a strong ICO like TMS Network (TMSN) can provide the opportunity.
TMS Network (TMSN) is still climbing, and investors can view all of the links below to engage in the presale during such times.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetwork
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.