With the start of 2023, the crypto industry has started seeing price improvements, and with it, a number of more additional activity in the sector. While some has been good, and some bad, there is no denying that there are numerous opportunities for investors seeking to find a good deal.
Blur’s new airdrop triggers a surge in NFT sales
Tether’s market cap surges as Binance USD investors abandon the stablecoin
Recently, Tether saw a significant increase to its market cap, which went up by 3.85%. The USDT market cap rise came after the US regulators cracked down on Paxos, the issuer of Binance USD (BUSD) stablecoin. Following the SEC’s intervention, BUSD suffered an 18% decline in market cap, as users started selling the stablecoin or swapping it for other stablecoins in the industry.
Tether was one of the most popular choices, which is not surprising, given its position as the third-largest crypto by market cap, and the latest stablecoin in the industry. At the time of writing, USDT market cap sits at $70.8 billion, bested only by Ethereum and Bitcoin. While Tether will not find itself in a position to progress further on the list when it comes to market cap size anytime soon, the project will certainly find this addition to be helpful.
As for the reason behind the sale that benefitted Tether, it comes from the fact that the SEC started investigating both Paxos and BUSD, as well as a number of other stablecoins, in order to determine whether they should be classified as unregistered securities. Given the fact that the regulator has been cracking down quite strongly on the crypto industry since the start of the year, it is understandable why the stablecoin users are moving to other assets.
TMS Network is poised to become the go-to platform for decentralized trading
Trading in the decentralized sector has gone up quite significantly since DEXes became popular, but since they are still in their early stages, there is a lot left to do before they can rival CEXes as equals. This is why the TMS тармагы (TMSN) was developed, to serve as an Ethereum-based one-stop-shop for all traders.
TMS Network has the goal of revolutionizing the trading industry by solving the most pressing issues, and eliminating things like high trading fees, wash trading, price manipulation, transaction delays, and more. All transactions on TMS Network are instant, low-cost, and safe. The one-of-a-kind platform also offers a seamless and enjoyable trading experience, specially tailored to be easy to use, rich with assets, educational content, and it even has a social trading feature.
Маанилүүрөөк, TMS тармагы (TMSN) is currently holding an ICO, which is in the pre-sale phase. It entered the phase on February 16th of this year, and the price of each TMSN token is only $0.025. Stage 1 has now been sold out and stage 2 has commenced! TMSN has a goal of using its native token to power the platform, and to use the platform to offer the high-quality, fair, transparent, and efficient market, equipped with cutting-edge technology. By purchasing the token, you can support the project and help it achieve its goal of becoming the best trading platform in decentralized space.
Төмөндө TMS жөнүндө көбүрөөк биле аласыз:
Алдын ала сатуу: https://presale.tmsnetwork.io
Ак кагаз: https://tmsnetwork.io/whitepaper.pdf
каршы сайтынын дареги: https://tmsnetwork.io
Телеграммада: https://t.me/tmsnetworkio
келишпестиктердин келип: https://discord.gg/njA95e7au6
Twitter: https://twitter.com/tmsnetworkio
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Source: https://www.thecoinrepublic.com/2023/03/02/weekly-nft-sales-surge-after-blurs-new-airdrop-tether-gains-market-cap-as-investors-drop-busd-tms-network-tmsn-presale-sells-out-the-go-to-platform-for-traders/