Place/Date: - June 9th, 2023 at 8:22 am UTC · 4 min read
Source: TMS Network
The crypto industry is experiencing exciting changes as TMS Network (TMSN), which has the potential to increase by another whopping 1,000%, continues its revolutionary run. Optimism (OP) is currently on a downward trend as a large token unlock approaches. Cardano (ADA) has had a stunning increase in total value locked of 300%, highlighting its growing acceptance and potential.
As the token unlock draw near, the price of Optimism (OP), an Ethereum layer-two scaling solution, faces a decline. The Optimism (OP) token supply will circulate more widely due to the token unlock event. Before the token unlocks, Optimism (OP) is under pressure to sell assets worth almost $600 million.
After community allocation unlocking one year ago, Optimism (OP) protocol is getting ready for its third token unlock. The first unlocking event for early contributors and investors will occur on Wednesday. With over 386 million Optimism (OP) Tokens scheduled to enter circulation, the current circulation supply is anticipated to be doubled. In addition, by June 2026, the entire Optimism (OP) supply is anticipated to be in use.
Optimism’s (OP) trading volume, as well as supply circulation, are quite minor in comparison to the upcoming unlock magnitude. As a result, low demand for unlocked Optimism (OP) tokens will influence the price of the Ethereum scaling solution. Additionally, the volume difference will put a lot of pressure on Optimism (OP) investors to sell their holdings.
The price of Cardano (ADA) fell by 2.5%, falling to $0.364249 as the market fell by 0.5%. The price of Cardano (ADA) has increased by 47% since the start of the year, but it has decreased by 5.5% over the past 30 days and gained 1.5% over the past week.
Furthermore, Cardano’s (ADA) total value has reached $170 million, which marks an increase of about 300% since January 1. Total value locked in is a metric of the entire amount of cryptocurrency locked in Cardano’s (ADA) smart contracts.
Cardano (ADA) has been steadily growing over the past few months, and even if it doesn’t garner as much attention as other cryptocurrencies, its slow development gives Cardano (ADA) the ideal framework for future gains.
Another significant milestone for Cardano (ADA) this month was the release of the Hydra version, which enables the platform to construct layer-two sidechains, improving its scalability and effectiveness.
Long-term, introducing Hydra and L2s should aid Cardano (ADA) in increasing the total value locked in and, consequently, the price of Cardano (ADA). Another future development is the Mithril upgrade, which will also boost Cardano’s scalability by offering multi-signatures that can speed up node syncing.
This might significantly boost interest in Cardano’s (ADA) DeFi ecosystem. Combined with already-available applications like Minswap, Wingriders, and SundaeSwap, Cardano (ADA) could be a genuine competitor of larger layer-one platforms.
We might easily envision a scenario where Cardano (ADA) increases from its current price and returns to $0.4 and $0.5. Assuming this does occur. Cardano (ADA) may be pushed even farther by the end of 2023, with the altcoin returning to $1 in the event of a complete market recovery.
TMS Network (TMSN), although a relative newcomer to the crypto industry, has already etched its name in the annals of crypto history. This Ethereum-based decentralized platform has remained bullish since its initial presale.
TMS network’s (TMSN) momentum shows no signs of slowing down as it progresses through its fourth presale stage. On the contrary, it has taken the crypto world by storm, capturing headlines with an astonishing surge of 2,000% in token price during its highly anticipated presale event.
Remarkably, TMS Network (TMSN) has already raised an impressive $5.6 million, with projections suggesting a total raise of approximately $12 million before its official launch. The allure of TMS Network (TMSN) extends beyond market trends, attracting investors from another crypto, irrespective of their bearish or bullish tendencies.
With a current price of $0.104 in its presale phase, industry experts are predicting an additional 1,000% surge for TMS Network (TMSN) shortly. As its popularity and distinct features continue to gain traction, TMS Network (TMSN) has the potential to revolutionize the norms of the crypto market.
TMS Network (TMSN) is a trailblazing crypto coin combining innovation, security, and investor appeal. Its unprecedented surge, with its upcoming features and strong financial backing, positions TMS Network (TMSN) at the top in the crypto landscape.
In conclusion, the crypto market is abuzz with exciting developments. TMS Network (TMSN) is continuing its exponential rise, with experts predicting a potential 1,000% surge. Meanwhile, Optimism (OP) faces a downturn as a significant token unlock approaches, putting pressure on the price of this Ethereum scaling solution. On the other hand, Cardano (ADA) showcases impressive growth, with its total value locked soaring by 300% on the Blockchain.
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