Prepare yourself for some exciting crypto news! Ethereum has changed into a deflationary asset, making it a unique contribution to the cryptocurrency scene, while XRP has increased by 5%, outperforming the market. Moreover, TMS Network (TMSN) is the newest generation of decentralized trading platforms. We are in for some exciting times, so let’s go!
The 100 billion tokens that make up the whole supply of XRP are pre-mined tokens. As a result, XRP is more readily available, cheaper, faster, greener, and more scalable than bitcoin.
And after a turbulent week, XRP has outperformed all other significant cryptocurrencies. The token has increased more than 5%, snapping a downward trend from late February from above $0.4137. At $0.3963, XRP is the only cryptocurrency in the top 10 digital assets that saw gains last week. Only $3.5 million worth of XRP transactions were liquidated in the last 24 hours, $2.5 million of which were short liquidations, demonstrating the power of the token’s upward trend since early March, according to Glassnode data.
The $0.40 level is a significant resistance wall for XRP; if the token can overcome this barrier, it will be a short-term success for XRP bulls and stop the downtrend channel pattern.
Ethereum (ETH), the second-largest cryptocurrency asset, is experiencing a decrease in supply due to the accomplishment of a significant update known as EIP-1559. According to new data from Ultrasound Money, since the upgrade took effect in August last year, 50,317 ETH worth $77.5 million have been burned.
In January, the overall supply of ETH started to decline, and it has not stopped since. Additionally, since the EIP-1559 upgrade was implemented, a portion of the transaction fee is permanently deducted from the amount of Ethereum that is in circulation with each ETH transaction sent, indicating that the asset may become rarer the more interest, adoption, and trading volume the Ethereum network sees.
The eventual effect in 2023 is that in a world of perpetual paper money printing and inflation, the total quantity of ETH is now undeniably deflationary.
Trading cryptocurrencies is now a widespread practice. However, the user experience has been negatively impacted by a few constraints of the current cryptocurrency exchanges. One of their main restrictions is that they can only trade cryptocurrency.
But TMS Network (TMSN) was created to address this issue. The TMS Network (TMSN) is a groundbreaking decentralized trading platform that allows purchasing stocks, CFDs, and other digital assets using cryptocurrency. The existing investment approach will be revolutionized via TMS Network (TMSN).
Cryptocurrency is evolving quickly, with new inventions and developments every day. XRP’s strong performance, Ethereum’s transformation into a deflationary asset, and the emergence of TMS Network (TMSN) as a next-gen decentralized trading platform are just a few examples of exciting progress in this dynamic industry.
TMS is still in stage 2 of its presale and at just 0.036 per coin, now is the best time to get in as experts expect this project to be the next 100X token. As the crypto market continues to gain mainstream acceptance and maturity, we can expect even more exciting news and developments in the future. So buckle up for the journey!
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