After a week-long rally, the crypto market is taking a breather. Most cryptocurrencies that were on a surge are seeing minor market corrections. Bitcoin (BTC) is still trading above $30,000, and Ethereum (ETH) is trading above $1800. A price analysis of both suggests another rally is on the way.
However, both Bitcoin (BTC) and Ethereum (ETH) have huge market capitalizations. They have already had years of explosive growth. They may still show profits, but they will be minor.
TMS Network (TMSN), on the other hand, is a newly launched small-cap cryptocurrency with a great value proposition. This sets it up for a robust rally. Industry experts forecast a 100-fold increase during the upcoming bull run. This has made the token a hot pick among investors in its ongoing presale.
TMS Network (TMSN) is a newly launched decentralized trading platform with many unique features, including margin trading, social trading, and an integrated derivatives market. This has made it attractive to traders looking for a more seamless and enjoyable trading experience.
Read on as we examine expert projections for Bitcoin (BTC) and Ethereum (ETH), as well as the potential of TMS Network (TMSN) as a more promising pick.
Last week, Bitcoin (BTC) embarked on a remarkable rally, temporarily surpassing the $31,000 mark to signal a comeback. The spike began shortly after BlackRock announced the launch of a Bitcoin exchange-traded fund (ETF). This was quickly followed by similar announcements from Fidelity Digital Assets and Citadel Securities. The resulting excitement caused Bitcoin (BTC) to rise 16.5% in one week, setting a new yearly high.
The current price of Bitcoin (BTC) is $30,519, with a daily trading volume of $13,551,974,388 and a market cap of $592,467,241,402. Bitcoin (BTC) has gained 1.67% in the last 24 hours and 3.79% in the last week. It is the largest cryptocurrency in the entire ecosystem, with a 50.4% market share.
Bitcoin is facing significant resistance at the $30,700 and $30,932 levels. If Bitcoin (BTC) breaks over this level, it will reclaim $31,000, with the next resistance level at $31,190.
Ethereum (ETH) has managed to maintain a generally bullish year despite all the turmoil. ETH has traded above the crucial support level of $1075 for the better part of 2023.
The recent buzz surrounding Bitcoin ETFs spilled over to Ethereum (ETH), creating an upward trend that saw the token trade between $1,872.94 and $1,932.53 last week. Ethereum (ETH) is currently trading at $1,849.58, with a daily trading volume of $6,350,186,741. It is the second largest cryptocurrency behind Bitcoin (BTC), with a market valuation of $222,332,625,253. Ethereum (ETH) holds a market share of 18.9%.
Ethereum (ETH) has dropped 1.51% in the last 24 hours and 2.09% in the last seven days.
In a bullish scenario, Ethereum (ETH) should grow by 0.10% during the next week, reaching $ 1,858.24. ETH faces resistance around $1,868.03, $1,904.49, and the highest resistance at $1,932.53.
While Bitcoin (BTC) and Ethereum promise around 10% growth, TMS Network (TMSN) is on course for nearly 500%. TMSN has recently been dominating in presale, hitting one milestone after another. The presale recently surpassed $6.2 million, with more investors continuing to make deposits.
TMS Network (TMSN) not only has the potential for explosive growth, but it also has a strong value proposition. The trading ecosystem is brimming with tools to help traders maximize profits. These include strategy builders, MT4 and MT5 compatibility, and on-chain analytics.
The platform goes to great lengths to accommodate even novice traders. Anyone can follow and copy the most successful traders on the TMS Network (TMSN) Social Trading Network and profit from their trades. The platform also provides trading classes that instruct users from the most fundamental notions of price analysis up to a pro-level, helping them become better traders.
Finally, TMS Network (TMSN) offers a unique revenue-sharing model that ties everything together. Holders of TMSN tokens earn commissions on trading volumes generated by other traders on the platform. This encourages increased trading activity, which generates more revenue for the platform and token holders.
Overall, TMS Network (TMSN) is an exciting project with the potential to shift the way people trade derivatives and turn token holders into millionaires. The network's ongoing presale campaign provides a fantastic opportunity to purchase the TMSN token at a discount and enjoy explosive gains once the project launches into the market.
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.