Traditional markets are under fire as over-leveraged banks fail. Looking for solace in cryptocurrencies, investors are looking for better options in ApeCoin (APE) and Dogecoin (DOGE) and are turning to TMS Network (TMSN) to grow yields.
ApeCoin (APE) – Token Unlock feeds Market Demand
ApeCoin (APE) follows in Bitcoin’s footsteps in that there is a limited supply of one billion tokens. This means that it is inflation-proof and that long term, as long as there is demand, the price will always go up as it is a scarce resource.
On 17 March, ApeCoin (APE) announced a linear release of 4.1% of new ApeCoin (APE) tokens onto the market.
Usually, this flood of liquidity would put downward pressure on an asset; however, ApeCoin (APE) bucked the trend. This could be because of ApeCoin (APE) ’s new staking platform, which launched in December when the balance of ApeCoin (APE) on exchanges dropped significantly. So far, ApeCoin (APE) staking is returning about 81% per year, which is excellent going for the meme coin. However, in a bear market where a ‘mere’ doubling can be seen as a pitiful display, there may be better options than ApeCoin (APE).
Dogecoin (DOGE) – A Safer Alternative To Banks
On 18 March, Elon Musk tweeted, “it makes no sense to have money in a low-interest rate bank “savings” account”.
Musk, a long-time Dogecoin (DOGE) fan and holder of the self-claimed title-holder of “Dogefather”, responded cynically to the news of many bank collapses in the last week. It is no surprise that while banks saw troubled times, cryptos in general and Dogecoin (DOGE) in particular saw a significant uptrend.
Dogecoin (DOGE), which started as a joke, has grown large enough to cement itself as a top-ten coin in terms of market cap. With Musk’s tacit endorsement of Dogecoin (DOGE) and the run on banks, Dogecoin (DOGE) is seen as a much safer – and less stuffy – alternative to the traditional banking sector.
As if to rub its nose in it, Dogecoin (DOGE) gained 14% in value since the day Silicon Valley Bank collapsed, and with the current market trends, it is likely that Dogecoin (DOGE) will grow even further. Why have money in banks at less than a quarter per cent interest per year when you can invest in Cryptos that can 10x in the same timespan? Elon seems to think Dogecoin (DOGE) is a much better option than banks. An argument hard to refute.
TMS Network (TMSN) – Presale Coin Skyrockets, Lures Even More Investment
TMS network is raising the bar regarding trading platforms. For modern traders, mere ‘trading platforms’ are no longer good enough, and serious investors are demanding more robust and effective trading tools. This is where TMS Network (TMSN) comes in.
TMS Network (TMSN) was developed from the ground up on the Ethereum network and will provide investors and traders with all the tools they need to take advantage of the best calls on the market. With arbitrage signals, trading bots, on-chain analysis and more, TMS Network (TMSN) is robust enough for the most demanding of investors.
This is not to say TMS Network (TMSN) is not welcoming to investors new to the game. Committed to investor education, TMS Network (TMSN) offers a library of training manuals, guides, and videos to give users all the information they need to trade safely, securely, and profitably. And make it easy behind a user-friendly interface.
After selling out in two weeks at the first phase of its presale, TMS Network (TMSN) generated over half a million dollars in liquidity. Second-phase presale tokens are now available at $0.038.
For more information, follow the links below.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
