Bitcoin has breached the $25,000 mark; the crypto industry is worth $1 trillion in worth, once again; and the crypto market is embarking on one of the longest-running rallies in recent years. It's a great time to be a crypto investor. However, anyone who has been in the crypto industry for longer than a couple of weeks knows that the market can change overnight.
The best-performing cryptos bite the dust, and obscure crypto projects take off all the time. That's why it's important to find cryptos that genuinely enjoy a groundswell of support among the crypto community. It's these tokens that deliver reliable performance in the long run. Our top picks for hedging and growing your portfolio this week are Ripple (XRP), TMS Network (TMSN), and Conflux (CFX).
Ripple (XRP) is the sixth-biggest cryptocurrency by market capitalization. At a market cap of $23 billion, Ripple (XRP) does not have much competition in size, reach, or speed. Currently, Ripple's (XRP) primary use case is as a real-time payment settlement solution for global payments. Ripple (XRP) is one of the world's fastest and cheapest blockchain-based payment systems. Transactions are executed in a matter of seconds, costing a fraction of a cent to execute transactions on Ripple (XRP).
Although Ripple (XRP) does not support EVM computing natively, efforts on being made to build those capabilities into the blockchain either natively or through a sidechain. Currently, Ripple (XRP) is wrapped up in a long battle with the US SEC, which alleges that Ripple's (XRP) tokens are a form of security and, therefore, must be subjected to regulation just like fiat securities. However, recent developments indicate that the legal battle may have tilted in Ripple's (XRP) favor. So, Ripple (XRP) could be gearing up for a breakout.
TMS Network (TMSN) is a new type of decentralized exchange where traders can buy and sell both crypto and fiat assets. Currently, 500+ cryptocurrencies are available for trading on TMS Network (TMSN). Simultaneously, users can trade CFDs, forex, and equities on TMS Network (TMSN). Right from the start, TMS Network (TMSN) expects to give its users high liquidity and the best deals on transactions by collating trades from multiple DEXs and equity exchanges worldwide. Interestingly, TMS Network (TMSN) is also compatible with MetaTrader software suites.
Perhaps, the most attractive features of TMS Network (TMSN) include social trading, on-chain analytics, arbitrage trading signals, trading bots, and so on. TMS Network (TMSN) also features smart contracts as a built-in capability, so third-party developers can use it to create advanced trading and portfolio management dApps. TMS Network (TMSN) is currently selling at $0.041 in stage 2 presale, a 2x increase from its price in the stage 1 presale. Analysts expect its price to grow by at least 5,000% before its imminent launch.
Conflux (CFX) is the only regulatory-compliant public cryptocurrency in China. Since China's recent crackdown on cryptocurrencies and miners, Conflux's (CFX) popularity has soared. Since the year began, Conflux (CFX) has posted a sharp rise in value owing to a combination of factors. For one, China Telecom recently entered into a partnership with Conflux (CFX) to offer blockchain-based SIM cards to users. Conflux (CFX) also offers NFTs to users of Little Red Book, a Chinese social media network, in its effort to expand its footprint in the country.
On the technology front, Conflux (CFX) has a lot going for it. Firstly, Conflux (CFX) uses a hybrid consensus mechanism that combines PoW and PoS. Conflux (CFX) is a fast, highly scalable, low-cost blockchain platform. Conflux (CFX) is also collaborating with the biggest brands in the world, like McDonald's and Oreo, which indicates their trust in its offering. It's a good asset to build your portfolio in 2023.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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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.