The first few weeks of this year saw a massive rally in the crypto world, with most coins gaining as much as 50% more compared to their price late last year. After this short bullish momentum, many people are now selling their coins to secure profits, and the market is now looking bearish.
But tokens like Polkadot (DOT), Cardano (ADA), and TMS Network (TMSN) are still essentially looking bullish, and TMS Network (TMSN) is set to soar after its presale launch.
Polkadot (DOT) is up by 50% in 30 days.
Polkadot (DOT), the brainchild of Dr. Gavin Wood (Ethereum co-founder), has been doing amazingly well since late last year. It is currently trading at $6.80 and on course to trade beyond $7 in a few days.
Polkadot (DOT) was developed by the Web3 foundation, a non-profit organization based in Switzerland, and was launched in 2020. Polkadot(DOT) operates on a special consensus mechanism known as “Nominated Proof-of-Stake” (NPoS).
This Nominated Proof of stake allows anybody who holds Polkadot (DOT) to vote for the network validators to secure the network and earn rewards. Polkadot (DOT) also allows developers to build and deploy decentralized applications (DApps) via their network.
Although Polkadot (DOT) is still about 87% down from its all-time high of $54, Polkadot’s (DOT) recent performance over the past two months was impressive and worth all the hype.
Cardano (ADA) could trade for $1 by December.
Ranked currently at #8 based on market capitalization, Cardano (ADA), together with TMS Network (TMSN) and Polkadot (DOT), is one of the top crypto projects to look out for in 2023.
Cardano (ADA) is a multilayer decentralized blockchain protocol built with the highly secure Haskell programming language. As a decentralized platform, Cardano (ADA) allows the transfer of assets in a more secure and scalable fashion.
Cardano (ADA) was launched in 2017 and uses a proof of stake blockchain model, which is different and more energy efficient than most crypto projects’ proof of work protocol.
Currently trading at $0.3, Cardano (ADA) is poised to reach $1 before the year ends. Cardano’s (ADA) market capitalization is about 13 billion USD, and its daily trading volume stood at over 300 million USD. Like TMS Network (TMSN), Cardano (ADA) is one of the tokens that should be in your investment portfolio.
TMS Network (TMSN): The best high-yield token of 2023
TMS is the native token of TMS Network (TMSN), the relatively new but technologically advanced blockchain network designed to help traders learn more about trading and trade multiple derivatives using their own crypto wallet. Holders of TMS Network’s TMS tokens enjoy a variety of benefits, including governance rights, exclusive access to trading guidance and education, and commission sharing based on the volume of trades the platform experiences.
As a new generation decentralized blockchain trading platform, TMS Network (TMSN) is built to solve all problems pertinent to centralized exchanges (CEXs) and also decentralized exchanges (DEXs). Transactions on TMS Network (TMSN) are far more secure than transactions on other networks, and TMS tokens can be used to trade everything from Forex to crypto.
Furthermore, trading on TMS Network (TMSN) eliminates high trading fees and long transaction processing time associated with other networks.
Although the current market outlook for the next few weeks is bearish, the crypto market is generally expected to be bullish for most of the year. Investing in Polkadot (DOT), Cardano (ADA), and TMS Network (TMSN) is a smart idea, as these tokens have been predicted to do very well in 2023, especially TMS Network (TMSN), which is now at $0.0047.
The post Crypto Market Looking Bearish After Early 2023 Rally. What Does This Mean for Polkadot (DOT), Cardano (ADA), and TMS Network (TMSN)? appeared first on Analytics Insight.