As the popularity of the crypto market is growing, investors are on a constant lookout for the next big thing to invest. In this blog we have listed three cryptocurrencies – Binance (BNB), Solana (SOL), and TMS Network (TMSN) – to help investors assess the current market offering, and make informed decisions.
Binance to Burn $2 Billion Worth of Idle BUSD Tokens
Binance USD (BUSD) is a stablecoin that operates on the Ethereum blockchain. The company responsible for the protocol holds reserves to fully back each Binance USD (BUSD) token, ensuring its stability. In an effort to maintain this stability, Binance recently announced the burning of $2 billion worth of idle Binance USD (BUSD) on the BNB Chain. This burn will release the same amount of Binance USD (BUSD) held as collateral on the Ethereum chain.
However, the Binance USD (BUSD) market capitalization has dropped by $2.45 Billion. Moreover, Binance USD (BUSD) reached its lowest point in 14 months at $13.7 billion on February 17th, four days after the Securities and Exchange Commission (SEC) issued a warning to Paxos to halt the creation of the stablecoin. Paxos, the Binance USD (BUSD) issuer, announced that it would cease minting BUSD stablecoins. Therefore, there has been a decrease of over 16% in Binance USD’s (BUSD) total holdings until press time.
Solana (SOL) Witnesses Impressive Gains After Bear Market Hardships and FTX Crash
Solana (SOL) has been working tirelessly for over half a decade to outperform Ethereum. With over 1,000 dApps, a Proof-of-History mechanism, and lightning-fast transaction speeds, Solana (SOL) is undoubtedly one of industry’s biggest players. However, the 2022 bear market took a significant toll on Solana (SOL), and it suffered greatly due to the FTX crash. Despite this setback, Solana (SOL) has made an impressive comeback in the past 60 days, recording a 100% recovery after BONK, a Solana-based meme coin, started bringing in impressive gains.
This caused Solana (SOL) to break the $20 resistance once again, and reach the $25 mark, where it currently stands. The Solana team has also released a blueprint of NFT compression support, which is likely to spark another SOL rally soon, and experts predict gains of up to 80%. Solana’s (SOL) recovery and promising future make it a cryptocurrency to watch out for.
TMS Network’s (TMSN) ICO Observes an 85% Surge
Investors looking for a lucrative opportunity in the cryptocurrency market need to take a closer look at TMS Network (TMSN). TMS Network (TMSN) is revolutionizing the trading platform space with its blockchain-based ecosystem, which offers faster, cheaper, and more secure transactions for digital assets such as CFDs, stocks, cryptocurrencies, and Forex on a single platform. TMS Network (TMSN) is committed to transparency and security, using smart contracts to manage all trading activities and eliminating intermediaries.
This allows users to complete trades at a lower cost and receive better return on their investment. The presale round of TMS Network’s (TMSN) token has already hit an 400% surge in the ICO, and investors can purchase tokens for $0.0049. TMS Network (TMSN) token holders will also be eligible to receive an incentive from the project’s commission revenue model, which provides an additional income source. As the crypto market continues to grow, TMS Network’s (TMSN) innovative platform and commitment to scalability put it in a prime position to become a leading trading platform in the industry. Investors who grab this opportunity now can expect to reap the benefits of their investment in TMS Network (TMSN), in the coming weeks.
Conclusion
In the constantly changing landscape of the cryptocurrency market, stablecoins like Binance USD (BUSD) remain a popular choice, and Solana (SOL) seems poised for further gains with the introduction of NFT compression support. However, unlike Binance USD (BUSD) and Solana (SOL), TMS Network (TMSN) looks well-positioned to become a major player in the cryptocurrency market, and early investors may reap significant rewards in the near future.
You can find out more about TMS below:
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tms-net.netlify.app/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Twitter: https://twitter.com/tmsnetworkio
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