The cryptocurrency market has been buzzing with activity in recent weeks, with several notable tokens experiencing drops in value. Lido DAO (LDO) has seen a major sell-off ahead of the Ethereum Shanghai mainnet upgrade, while Arbitrum (ARB) investors have panicked after cryptocurrency exchange, OKX, halted deposits. However, the block has a new disruptor: TMS Network (TMSN). This innovative cryptocurrency is quickly gaining attention for its potential to become the go-to digital currency for the masses. In this article, we will take a closer look at TMS Network (TMSN), and explore its potential to shake up the crypto market and potentially replace the likes of Lido DAO (LDO) and Arbitrum (ARB).
Lido DAO (LDO) investors are in for a bumpy ride ahead of the much-awaited Ethereum Shanghai mainnet upgrade. The upgrade is scheduled to take place on April 12 at epoch 194048, enabling validators to withdraw their Ethereum stake on the Beacon Chain to the execution layer. While low selling pressure was expected, the situation is not looking good for Lido DAO (LDO) token holders.
Institutions and investors are already dumping Ethereum, and Lido DAO (LDO) ahead of the upgrade, leading to a drop in the latter’s price. Adding to the concern, whales are also selling off millions of Lido DAO (LDO) tokens on crypto exchanges. A wallet linked to prominent anonymous trader, Sisyphus, has sold over $400k worth of Lido DAO (LDO), raising questions about the future of the token. These worrying signs are a cause for caution for investors considering Lido DAO (LDO). The potential for further dumps and price drops could lead to huge losses for Lido DAO (LDO) holders.
Investors betting on Arbitrum (ARB) are in for a rough ride. Seychelles-based crypto exchange, OKX, has announced it will temporarily halt deposits and withdrawals of Arbitrum (ARB) due to the upcoming Ethereum Shapella upgrade. This comes after Binance declared it would temporarily suspend deposits and withdrawals for Arbitrum (ARB), and a few other tokens, starting from April 12. On-chain analytics firm, Glassnode, says that Arbitrum (ARB) may experience an initial drop due to withdrawals from staking, with 3.6K out of close to 563K ETH validators choosing to withdraw their ETH from staking. Arbitrum (ARB) is priced at $1.61 with a 24-hour trading volume of $362.4 million. The market cap of Arbitrum (ARB) is $1.5 billion.
TMS Network (TMSN) is making waves in the cryptocurrency world with its decentralized trading platform. The third presale of TMS Network (TMSN) is expected to sell out rapidly, as the platform aims to become the top cryptocurrency. TMS Network (TMSN) has already raised over $4.2 million with a price of $0.078, establishing itself as a popular choice among crypto investors. The decentralized trading platform, built on blockchain technology, aims to revolutionize traditional trading models by providing a secure, fast, and efficient way to trade in stocks, CFDs, etc. With instant deposit and withdrawal via cryptocurrency, traders can use the user-friendly platform without intermediaries, reducing costs and enabling more efficient transactions. TMS Network (TMSN) offers a secure and transparent trading environment that solves centralization issues, slow transactions, and high fees of traditional trading platforms.
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