The post TMS Network (TMSN) Attracts Bitcoin Whales, Fantom (FTM) Continues to Move Sideways and Wrapped Bitcoin (WBTC) Gets a Bearish Rating appeared first on Coinpedia Fintech News
Wrapped Bitcoin (WBTC) and Fantom (FTM) aligned with the overall market crash this month and registered a downward movement. However, TMS Network (TMSN) is taking advantage of its solid position to attract more investors.
TMS Network (TMSN) Is Racing Ahead in the Presale
TMS Network (TMSN) is a state-of-the-art decentralized platform to trade derivatives instantly. Users can connect their wallets to TMS Network’s (TMSN) platform, and start trading without creating an account or waiting for verification. TMS Network (TMSN) allows users to access all major exchanges without opening multiple accounts. From equities to forex, CFDs, and more, TMS Network (TMSN) can be used to trade any derivative via cryptocurrency.
The social trading infrastructure of TMS Network (TMSN) helps users to copy the best traders to minimize losses and increase profits. Novice traders can join the Trading Academy on TMS Network (TMSN) to learn for free, and take help from the trading bots to make faster decisions. With so much to offer, it’s no surprise that TMS Network (TMSN) token is popular in the market. TMS Network (TMSN) shot up to $0.088, and is expected to increase soon. Investors who buy TMS Network (TMSN) tokens during the presale are eligible for additional rewards, benefits, and voting rights.
Wrapped Bitcoin (WBTC) Is Down, Gets a Bearish Rating
The crypto market was down by 3.75% earlier this week. Following the pattern, Wrapped Bitcoin (WBTC) fell by 4.22% on the same day, and is down by another 1.3% at press time. Though the month-long graph of Wrapped Bitcoin (WBTC) looks promising, analysts have put the token closer to a bearish rating. InvestorsObservers posted that Wrapped Bitcoin (WBTC) earned a bearish rating based on its performance last week. Wrapped Bitcoin (WBTC) fell below the support level and continues to struggle. With support set at $28,556.95, and resistance at $29,129.34, Wrapped Bitcoin (WBTC) is volatile.
An increase in sellers will push Wrapped Bitcoin (WBTC) further down, and strengthen the bearish trend. Analysts say that the decrease in trading volume, and the current situation make it unlikely for Wrapped Bitcoin (WBTC) to cross the support level soon. At press time, Wrapped Bitcoin (WBTC) is priced at $27,611.68 with a 26% decrease in the trading volume and a 1.35% decrease in the market cap. Investors should assess the situation before investing in Wrapped Bitcoin (WBTC).
Fantom (FTM) Unable to Break Sideways Movement, Loses 5% in a Day
Fantom (FTM) has established a lateral movement for a while now. Though Fantom (FTM) registered a few spikes, it is still below the $0.45 mark. Fantom’s (FTM) struggle is surprising since the developers are revamping the ecosystem to attract more investors. There are rumours that Fantom (FTM) might launch a crypto bank in 2023. If this happens, Fantom (FTM) users will have more opportunities to multiply their investments and earn greater rewards. However, the trading volume of Fantom (FTM) has declined in the last few days (compared to Q1 reports). Based on this information, analysts predict that Fantom (FTM) may not rally to go bullish anytime soon. The resistance level at $0.4475 is crucial for Fantom (FTM). Let’s wait and see if Fantom (FTM) can first cross the support level at $4.
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