March 3rd, 2023 at 5:27 am UTC · 4 min read
The crypto industry has seen a lot of activity lately, some caused by the industry’s attempt to recover, while others were caused by the regulators. In the US, in particular, the regulators have started a crypto crackdown that has upset the industry in a rather negative way.
Recent data from CoinMarketCap suggests that BinaryX (BNX), a native crypto of a platform that originally emerged as a decentralized derivative trading system, became one of the industry’s biggest gainers. BinaryX, currently ranking as the 89th largest crypto by market cap, saw a 28.9% BNX price increase in the last 24 hours. BNX price also improved by over 19% on a weekly and monthly basis.
BNX skyrocketed yesterday, February 24th, going from $1.273 and it hit $1.835 later on the same day. Since then, its price has corrected somewhat, dropping to the current $1.59.
Meanwhile, Bitcoin rice dropped by 6% in the last week, back to $23k.
Recently, the regulators started cracking down on the crypto industry, and that includes Paxos — the issuer of the Binance-branded stablecoin, BUSD. Since then, the company has allegedly severed ties with Binance over the BUSD issue, while entering talks with the regulators regarding the BUSD stablecoin.
However, according to Changpeng Zhao, Binance’s CEO, the regulators’ crackdown and general stance when it comes to digital assets has caused significant damage to the stablecoin.
Binance reported that around $2.5 billion in BUSD left its exchange recently, as users are massively moving their funds from BUSD into Tether, and likely other stablecoins.
Despite this, BNB itself seemingly managed to remain in the green for the last few weeks, as BUSD is only Binance-branded, but it is actually Paxos’ cryptocurrency.
As for BNB itself, it currently sits as the 4th-largest crypto by market cap, with a price of $300. As of February 25th, however, the token has seen a 0.21% drop in the last 24 hours, and a 3.21% drop this week.
The current trading space is troubled by a lot of issues, most of which are, in one way or another, tied to centralization. These include things like high transaction fees, limited assets, low speeds, and alike.
TMS Network (TMSN) is a new Ethereum-based platform developed to help solve these problems, and ensure that traders have an all-in-one trading platform for their trading activities. More importantly, the platform seeks to revolutionize traditional trading. That makes TMS Network (TMSN) the first platform of its kind, offering enjoyable and seamless trading experience. TMS Network (TMSN) features instant transaction processing, low fees, a wide range of assets, and all of that without the need for fiat payments.
Of course, it has its native cryptocurrency, known as the TMS token. Owning the token also allows users to earn commissions from the platform’s total trading volume. That way, the more popular it gets and the more trades it sees, the more profitable it gets for everyone involved.
Best of all, anyone can join and buy the TMS Token right now, as the project entered its pre-sale stage on February 16th. The token’s ICO price was set to be $0.047 per unit and is now $0.025, and the goal is to reach a softcap of $3 million or a hard cap of $12 million.
By buying TMSN tokens, you would short a decentralized trading platform that offers a transparent, efficient, and secure way of trading assets. Furthermore, you would also get access to a number of other features, such as governance, voting, decentralized exchange, and possibly more, that would come in time.
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