Markets have been in a lull lately. Market leaders like Bitcoin and Ethereum have not moved much, with little to no gains for investors. They have been unable to break out of the fatigue resulting from the push and pull of the market forces. In addition, the SEC crackdown on Binance and Coinbase has pushed the market down, even as the dollar rise is pulling the market up. Every altcoin is reacting to the market in its own way – Terra Classic (LUNC) is on a rebound, and TMS Network (TMSN) is soaring, but Render Token (RNDR) has hit its bottom.
Here is what you need to know about these crypto tokens this week.
Terra Classic (LUNC) Is on a Rebound
Terra Classic (LUNC) surprised everyone when it registered a spike in its price this week. Terra ecosystem’s original token Terra Classic (LUNC) has been in a constant downtrend since September 2022. Terra Luna (LUNC) breached the $0.0001 mark multiple times in a single day. It remains on an upward trajectory even now.
At its height, Terra Classic (LUNC) was priced at over $116. The 2022 black swan event took down the entire Terra ecosystem. $45 billion of wealth was wiped off the market, and Terra Classic (LUNC) crashed, losing almost all its value. The rise in the value of Terra Classic (LUNC) has brought hope to its long-time investors. It remains to be seen whether Terra Classic (LUNC) can sustain this upward trajectory or fall back to the red zone.
TMS Network (TMSN) Continues its Roar in the Markets
TMS Network (TMSN) is an upcoming innovative decentralized exchange. TMS Network (TMSN) takes a unique approach to decentralized trading. It offers cryptos, CFDs, forex, and equities for trading on its platform. TMS Network (TMSN) users can invest in any of the 500 cryptocurrencies supported on the platform, or use them to invest or trade other assets. No account creation, no fiat currency, and no KYC verification are required to trade on TMS Network (TMSN).
Armed with a user-friendly interface and MetaTrader software suite compatibility, TMS Network (TMSN) hopes to give traders a familiar trading experience. With TMS Network (TMSN), fiat asset traders can finally experience the benefits of DeFi.
Currently, TMS Network (TMSN) is raising $12 million to fund the creation of the platform, of which it has already raised $6 million. Between the stage 1 presale and the ongoing stage 4 presale, TMS Network’s (TMSN) value has risen by 300% to $1.05. There’s consensus among analysts that TMS Network (TMSN) will grow between 4,000% and 7,000% by the end of this year.
Render Token (RNDR) Hits Bottom
Built on the Ethereum blockchain, Render Token (RNDR) is meant to create a distributed network for sharing GPU capabilities. Render Token (RNDR) network connects artists that need GPU computing power with GPU owners who can rent it out to them.
While Render Token (RNDR) does provide an acceptable solution to the GPU crisis in the market, it has not received the acknowledgment from the market that it anticipated. As a result, Render Token (RNDR) has attracted little investor interest. The current fall in the price of Render Token (RNDR) to $2.21 can be attributed to traders booking profits. They may have caught on to the bearish pressures surrounding Render Token (RNDR) and exited their positions. It is difficult to say when Render Token (RNDR) will be able to cover those losses and start moving up again.
For more information on TMSN Network (TMSN):
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io