Throughout the past year, the Federal Reserve has been rapidly increasing interest rates. The financial system took a hit. However, the primary objective behind the move was to reduce inflation. In the process, the Fed indirectly initiated the collapse of numerous banks, such as the Silicon Valley Bank.
With so much uncertainty surrounding the financial space, investors and traders consistently seek ways to diversify their portfolios.
Ethereum (ETH) and Optimism (OP) are some of the most trending cryptocurrencies. However, ICO projects such as TMS Network (TMSN) can potentially lead to much greater increases in value.
Ethereum (ETH) is one of the most popular decentralized networks that support smart contract functionality and enables anyone to create Decentralized Applications (dApps). Ethereum (ETH) has seen a high-use case surrounding Decentralized Finance (DeFi) and non-fungible tokens (NFTs).
As of March 15, 2023, the Ethereum (ETH) cryptocurrency is trading at $1,646.65. The all-time high for Ethereum (ETH) as a coin was on November 10, 2021, when it reached a value of $4,878.26. We can see that Ethereum (ETH) is trading 66.25% lower than its all-time high. In the last 24 hours, the Ethereum (ETH) cryptocurrency decreased its value by 6.73%. In the last seven days, however, Ethereum (ETH) has been up in value by 5.56%, indicating that it can reach new heights in the long term.
However, aside from Ethereum (ETH), there are two other cryptocurrencies that investors and traders can consider, and these include Optimism (OP) and TMS Network (TMSN).
Optimism (OP) is another cryptocurrency that gained much traction in the blockchain space.
The utility behind Optimism (OP) is to batch transactions on the network, resulting in low gas fees and quicker transaction speed.
The Optimism (OP) token is native to the project and is used to govern and reward the participants within the ecosystem.
The all-time high behind Optimism (OP) was on February 24, 2023, when it reached a value of $3.22. As of March 15, 2023, the Optimism (OP) token is trading at $2.34. As of March 15, Optimism (OP) is trading at 26.31% lower than its all-time high point of value.
Its All-time high was reached just a month ago, so Optimism (OP) has the potential to reach new heights as the market recovers and could be preferred by investors. But another project known as TMS Network (TMSN) has far more growth potential based on price predictions from analysts.
TMS Network (TMSN) is a blockchain–based project that can fundamentally shift how the trading industry works by giving anyone access to global trading.
Users will not need to create an account to use TMS Network (TMSN), as they only need to connect their cryptocurrency wallets. By using TMS Network (TMSN), each user will have a lot of freedom regarding their decision-making process.
On TMS Network (TMSN), anyone can trade derivatives, such as equities, stocks, CFDs, and other options. This is possible on TMS Network (TMSN) with cryptocurrency payments.
TMS Network (TMSN) features copy trader as an option, MT4 and MT5 support, and users who hold the native token can also get a commission fee in form of a rebate, from every trade executed on the platform.
Stage 1 of the TMS Network (TMSN) token presale passed quicker than anticipated, and Stage 2 is already 50% done.
The TMS Network (TMSN) token is offered at a value of $0.038, and analysts predict it can reach $2 by the end of Q4, 2023. Investors and traders have the unique opportunity to engage with a project that can become a dominant force in the blockchain space.
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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.