TMS Network (TMSN) Ascends New Heights as Shiba Inu (SHIB) and Zcash (ZEC) Spike

30 March 2023

in SHIBA

Reading Time: 5 mins read

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In recent weeks, the cryptocurrency market seems to be moving in an upward direction. The bulls seem to be finally in control after the bears ruled the market for most of last year. With bitcoin in the lead, most altcoins including Shiba Inu (SHIB) and Zcash (ZEC) are spiking but it is the TMS Network (TMSN) that has been showing the most growth.

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TMS Network (TMSN) is a blockchain platform that leverages the power of the Ethereum blockchain to create a unique and groundbreaking trading infrastructure. TMS hopes to resolve the issues in the trading industry such as centralization, high trading fees, lack of price uniformity, lack of transparency, and lack of trading education.

On the TMS Network (TMSN), traders can choose from several derivatives including forex, stocks, CFDs, and cryptocurrencies. This large pool of assets helps investors on the TMS Network (TMSN) diversify their portfolios. It also helps to sustain high liquidity on the TMS Network (TMSN) which allows investors to make instant deposits and withdrawals.

Additionally, the TMS Network (TMSN) is highly focused on the security of individuals on the platform. The platform uses smart contracts to ensure security and transparency on the TMS platform while also eliminating the need for third parties.

Early investors are already seeing massive results on their investments as TMS has been growing at a super-fast speed. So far, TMS Network (TMSN) tokens have increased in value by more than 1200%. As a result of this early growth, crypto market experts are expecting the TMS Network (TMSN) to skyrocket in the coming weeks.

A spike in Shiba Inu spike in sight as whales accumulate SHIB tokens

In the last few days, two prominent ether investors have accumulated a significant amount of SHIB tokens. According to data from Whale Stats, a well-known data tracking platform for the blockchain industry the two whales bought 1.02T SHIB which is worth $10,898,378 through two transactions.

Such major accumulation from ETH whales is a sign that the price of SHIB is about to increase significantly. Currently, the market is in a short-term bull run, with bitcoin leading the other coins in the upwards direction. Bitcoin is currently trading at about $28,000.

The demand for Shiba Inu has continued to grow since the launch of Shibarium, beta, which has resulted in an increased burn rate for the SHIB cryptocurrency. According to Crypto Basic, the Shiba Inu community has burned at least 2.07 billion SHIB in the past week alone.

Zcash (ZEC) Coin Up Despite Vulnerability

Zcash (ZEC), a privacy-based cryptocurrency recently recorded slight price increases after a recently discovered problem was resolved. The Zcash foundation collaborated with Defuse Security to identify a bug that was causing delays in the processing of transactions within Zcash‘s lightweight wallets.

Zcash (ZEC), like most other cryptocurrency networks, is deeply invested in the security of its platform including its wallets. Having a vulnerability like the one that was recently discovered could compromise the security of Zcash (ZEC)users and put their funds at risk. For this reason, Zcash (ZEC) regularly invests in security audits to identify and fix bugs before they cause havoc.

Part of the reason why Zcash (ZEC) was dropping in price in early March is due to the performance problems that Zcash wallet users suffered. Since Zcash announced that they have identified ways to deal with the problem, Zcash (ZEC) users seem to have regained confidence in their Zcash light wallet, and the increased interest can be seen in Zcash’s (ZEC) price increase.

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