Kucoin (KCS) is down by 5.39% this month, and Binance (BNB) struggles to reach the earlier month’s high. TMS Network (TMSN) is steadily increasing its market presence and attracting new investors.
TMS Network (TMSN) Is Going Strong Despite Slow Market Conditions
TMS Network (TMSN) is a state-of-the-art decentralized platform to trade all derivatives using cryptocurrency. Users can directly connect their wallets to TMS Network (TMSN), and start transactions without creating an account. The social trading infrastructure at TMS Network (TMSN) allows novice traders to copy the best moves of expert traders, and increase their profits. Users can also rely on AI-based trading bots, and on-chain analytics provided by TMS Network (TMSN) to make the right trading decisions quickly. Crypto lovers who buy TMS Network (TMSN) tokens during the presale can win exciting rewards and join the VIP club. TMS Network (TMSN) token holders are eligible to earn a commission from the revenue generated by the trading volume. Buy TMS Network (TMSN) tokens at $0.104, and get a 50% deposit bonus (limited period offer). TMS Network (TMSN) is rallying for another price increase in the coming days.
What is Binance’s (BNB) Bottom-Out Approach?
Independent crypto reporter, Colin Wu, said Binance (BNB) would lay off 20% of its employees. However, Binance’s (BNB) CEO, Changpeng Zhao (CZ), responded that there will be no layoffs. He said that Binance (BNB) has a Bottom-Out program where culturally misfit employees will be asked to leave. CZ said Binance (BNB) has been participating in this for a long time, and the bottom-out program occurs weekly. He also insisted that a few high achievers also leave Binance (BNB) because they don’t fit into the existing work culture.
In other news, CZ said acquiring a bank will not solve Binance’s (BNB) or the crypto market’s problems. While Binance (BNB) has considered the option, it was decided that it’s not feasible as it doesn’t solve the issues with trading banking and governmental regulations in different countries. Furthermore, the Binance (BNB) CEO believes it’s safer to invest smaller amounts in different banks, and make them crypto-friendly.
Coming to Binance (BNB) token, the price has been encouraging for the week, with a marginal gain of 0.23%. However, Binance (BNB) is down by 5.31% through the month, and is priced at $307.17. We’ll have to see if Binance (BNB) will continue to stay above the $306.63 level in the coming days.
Kucoin (KCS) Shows Long-Term Bearish Patterns But Expects a Short-Term Bounce
Kucoin (KCS) fell under the long-term resistance line, which has been in place for the last 546 days. Kucoin (KCS) has established a bearish pattern for months. Kucoin’s (KCS) support level is at $6.60, and the token traded above this for a while. However, data shows that the weekly RSI of Kucoin (KCS) indicates the price decrease will continue. Nevertheless, there is little hope for Kucoin (KCS) investors. Experts predict a short-term bullish divergence for Kucoin (KCS). The Kucoin (KCS) price will increase to $8.80. But if Kucoin (KCS) falls below $7.24, it will descend to $6.40, and find a new support level.
In other news, surprising information came to light about Kucoin (KCS). Sometime in September 2021, thousands of Kucoin (KCS) deposit addresses sent tens of millions worth of ETH to Ethereum burn addresses. No one knows why Kucoin (KCS) burned such huge amounts of ETH. It’s a mystery Kucoin (KCS) will have to solve.
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