Three significant events have captured the attention of crypto enthusiasts and traders alike: Voyager’s liquidation of Shiba Inu (SHIB) on Coinbase, Dogecoin’s (DOGE) 4-month low, and TMS Network’s (TMSN) role as a hedge against market downturn. This blog will examine these events in greater detail while the market faces ups and downs.
Four Hundred Billion Shiba Inu (SHIB) liquidated on Coinbase
Though the past week saw a lot of positive fundamentals recorded within the Shiba Inu (SHIB) ecosystem, with news about the beta launch of the Shibarium Layer 2 protocol, new data states that bankrupt crypto lender, Voyager Digital, moved hundreds of billions of meme token Shiba Inu (SHIB) from Coinbase. It was revealed that Voyager’s latest sell-off comprised the liquidation of a staggering 400 billion Shiba Inu (SHIB) tokens, valued at approximately $4.4 million. This move by Voyager in reference to Shiba Inu (SHIB) not only signifies a substantial shift in the company’s investment strategy but also has a major impact on the crypto market. The event has particularly impacted the Shiba Inu (SHIB) community, which was already concerned about the plummeting market since the crypto winter of 2022. It remains to be seen how this development, related to Shiba Inu (SHIB), will shape the market’s future trends and Voyager’s investment decisions going forward.
Dogecoin (DOGE) Tumbles to 4-Month Low Amidst Market Downturn
Hot on the heels of Elon Musk’s infamous tweet about shifting focus away from Crypto, the popular meme coin, Dogecoin (DOGE), has dropped to a 4-month low. Musk tweeted on March 3 that he would shift his focus from cryptocurrencies and look at artificial intelligence. Though Musk has not mentioned Dogecoin (DOGE) specifically, it is general consensus that Musk may be trying to distance himself from the industry. The price of Dogecoin (DOGE) has dropped by around 20% to $0.06 since Musk’s tweet. Further, the price of Dogecoin (DOGE) is well-positioned to drop by another 10% in the coming weeks, mainly due to increasing macroeconomic uncertainty.
At present, the price of Dogecoin (DOGE) is $0.06, with a 24-hour trading volume of $495,225,249. Over the last 24 hours, Dogecoin (DOGE) has experienced a 1.12% increase in value. Dogecoin (DOGE) holds the #9 spot on CoinMarketCap’s ranking, with a market capitalization of $8,824,286,100, with 132,670,764,300 DOGE coins in circulation.
TMS Network (TMSN): The Reliable Hedge Against Market Uncertainty
TMS Network (TMSN) has managed to maintain a stable and steady growth trajectory despite the ongoing market turmoil. This can be attributed to TMS Network’s (TMSN) unique approach to decentralized finance, which prioritizes security, transparency, and community engagement. As more seek a safe haven in the midst of market volatility, TMS Network’s (TMSN) innovative solutions and strong community make it a promising option in the cryptocurrency market. Unlike traditional trading systems that rely on centralized middlemen, TMS Network (TMSN) allows users to make trades on their terms while keeping their resources safe.
In addition to facilitating safe and secure trades, TMS Network (TMSN) is also committed to educating users so they can make informed decisions when executing trades. The platform provides various educational resources and tools, including training videos, webinars, and guides, to help users develop their knowledge and skills. Currently, TMS Network (TMSN) is in the second phase of its presale with its price at $0.038 per token. This presale phase of TMS Network (TMSN) offers the opportunity to purchase tokens at a discount, as the project is predicted to be 100x in the coming future.
Conclusion
As the cryptocurrency market continues to face volatility, the recent shockwave caused by Voyager’s Shiba Inu (SHIB) liquidation has left many reeling. Since Dogecoin (DOGE) hit a 4-month low, many are looking for safer options. Fortunately, TMS Network (TMSN) has emerged as a reliable hedge against market downturns, providing many with a secure and innovative platform to navigate the uncertain waters of the cryptocurrency market.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
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