Rising Costs and Biden’s New Budget Leave Investors Worried About the Future of Optimism (OP) and Fantom (FTM) as Interest In Altcoins Such as TMS Network (TMSN) Spike
There are over 22,900 cryptocurrencies in the blockchain space. With the rising costs associated with inflation, alongside President Joe Biden’s new budget, some investors are worried about the future of the traditional financial markets and are switching towards cryptocurrencies.
The $6.8 trillion budget unveiled the government spending plans; not every investor is happy with the potential outcome.
Optimism (OP) and Fantom (FTM), and TMS Network (TMSN) Spike has, as a result of these recent developments, increased in appeal, and today, we will explore why this has been the case.
Optimism (OP) primarily serves the role of a Layer-2 scaling solution for the Ethereum (ETH) network. Optimism (OP) lets users benefit from low gas fees on their transactions as they get executed on the Optimism network through an optimistic rollup.
The Optimism (OP) cryptocurrency is native to the project and has numerous use cases. Users can utilize Optimism (OP) for governance and get it as a reward and for ecosystem funding.
As of March 16, 2023, the Optimism (OP) cryptocurrency is trading at $2.46. The all-time high of the OP cryptocurrency was on February 24, 2023, when it reached a value of $3.22. As of March 16, the Optimism (OP) cryptocurrency is trading at 23.41%, under its all-time high. Optimism (OP) also increased in value in the last seven days by 4.75%.
Fantom (FTM) is a smart contract platform that utilizes a Proof-of-Stake (PoS) consensus mechanism known as Lacheris.
It has integrations with the Ethereum Virtual Machine (EVM) and has a wide variety of benefits, such as speed and security.
As for the Fantom (FTM) cryptocurrency, it is a requirement regarding staking, on-chain governance, or payment for the overall network fees. The Fantom (FTM) crypto can also be used as a transfer of value.
As of March 16, 2023, the Fantom (FTM) cryptocurrency is trading at $0.410084.
The all-time high of the Fantom (FTM) cryptocurrency occurred on October 28, 2021, when it reached a value of $3.46. This means that Fantom (FTM) trades 88.16% lower than its all-time high point.
The Fantom (FTM) cryptocurrency increased in value by 8.75% in the last seven days, and if it keeps up this momentum, it could reach a bullish run.
TMS Network (TMSN)
TMS Network (TMSN) is a decentralized trading platform that is being developed with the primary objective of enabling any trader the ability to trade any derivative through the usage of cryptocurrency payments.
Using the TMS Network (TMSN) platform, anyone can begin trading any asset class, including stocks, forex, futures, and a lot more, without ever needing to create an account, as the only thing users will need to do is connect their cryptocurrency wallet.
Additionally, through the usage of the TMS Network (TMSN) platform, users can earn commissions from trading volumes that are generated by other traders that are using the platform. There is also a social trading infrastructure that lets anyone copy the best traders and profit from their decision-making process. Support for MT4 and MT5 can result in the implementation of trading bots.
TMS Network (TMSN) will also feature trading lessons and an academy alongside commission revenue sharing.
Stage 1 of the TMS Network (TMSN) presale ended, and at Stage 2, the TMS Network (TMSN) token is offered at $0.038. With this in mind, analysts predict that TMS Network (TMSN) will reach $2 by the end of Q4 2023.
Traders and investors curious about jumping into the TMSN token presale before it spikes in value can do so on the links below.
- Presale: https://presale.tmsnetwork.io
- Website: https://tmsnetwork.io
- Telegram: https://t.me/tmsnetwork
The post Rising Costs and Biden’s New Budget Leave Investors Worried About the Future of Optimism (OP) and Fantom (FTM) as Interest In Altcoins Such as TMS Network (TMSN) Spike appeared first on Analytics Insight.