Place/Date: - June 8th, 2023 at 11:34 am UTC · 3 min read
Source: TMS Network
The crypto market has been surprised, with Dogecoin (DOGE) witnessing an astonishing 8,220% surge in daily transactions, leaving market watchers intrigued. Conversely, Bitcoin (BTC), the flagship cryptocurrency, is set for a bearish June, as expert trader Bob Loukas sees a potential Bitcoin (BTC) retreat to the lower $20,000 mark.
While Dogecoin (DOGE) and Bitcoin (BTC) developments unfold, the newly launched TMS Network (TMSN) is touted to multiply twenty-fold in value by the year’s end, positioning itself as a promising investment option amidst the tumultuous crypto landscape.
Dogecoin (DOGE), a cryptocurrency originating from an internet meme, has sparked intrigue as it experienced a tremendous 8,220% surge in daily transactions. This unexpected burst in activity saw transactions leap from about 25,000 to a peak of 2.08 million last Saturday, puzzling investors and traders, particularly considering Dogecoin (DOGE) recent tepid price performance.
Over the past 20 days, Dogecoin (DOGE) has been in a holding pattern, with a bearish sentiment prevailing due to low trading volumes and liquidity. Despite this transactional spike, Dogecoin (DOGE) value hasn’t witnessed any significant uptick, stirring questions about the cause of this sudden increase. While theories abound, from a shift in market sentiment to whale activity or even network testing, the Dogecoin (DOGE) community and market are keenly watching for any signs that might indicate a change in Dogecoin (DOGE) price trajectory.
Seasoned trader Bob Loukas has outlined Bitcoin (BTC) price outlook for June, and the prognosis appears bearish. Loukas posits that Bitcoin (BTC) could retreat to the lower $20,000 mark, which he views as a “tremendous gift” for investors. This forecast echoes the market’s current state, as Bitcoin (BTC) recently closed its first negative month in 2023.
Analysts predict a cryptocurrency market downturn as the Federal Reserve plans to wind down its balance sheet, thus removing billions of dollars from the financial system. This is juxtaposed against Bitcoin (BTC) climb to a high of $31,000 earlier in the year, buoyed by the Fed’s rate hike pause. However, on a brighter note, on-chain analytics firm Santiment highlights a trend of Bitcoin (BTC) moving more towards self-custody, suggesting a potential future bull run.
TMS Network (TMSN) is gaining significant traction in the crypto universe courtesy of its unique and robust features. Its groundbreaking platform enables direct trading of an array of derivatives using cryptocurrencies. By allowing users to link their digital wallets to the TMS Network and conduct transactions without relinquishing asset control, TMSN offers a refreshing level of autonomy. Remarkably, this full-access pass to TMSN’s diverse functionalities isn’t confined to account holders alone, significantly broadening its appeal.
The platform offers enticing returns for those who venture into investing in TMS Network (TMSN) tokens. Investors stand to profit from commissions generated on the back of the platform’s trading volume. The earning potential spans an impressive array of tradable assets, encompassing cryptocurrencies, equities, Forex, and CFDs. With the added advantage of MT4 and MT5 support, TMSN fosters a comprehensive ecosystem.
At present, TMS Network (TMSN) is in its presale phase, offering tokens at a competitive rate of $0.104, sweetened further by a limited-time 50% bonus. Market analysts are decidedly bullish about TMSN’s prospects, with forecasts putting its value at a staggering $2.20 by the end of 2023. These predictions bolster the view of TMSN’s robust market presence and exceptional growth potential.
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