The Decrease in Crypto Value of Ripple (XRP) and Dogecoin (DOGE) Due to President Joe Biden’s New $6.8 Trillion Budget and Increasing Interest Rates, but TMS Network (TMSN) Emerges as a Hedge Against the Dwindling Dollar: Crypto Price Forecast
President Joe Biden has unveiled a $6.8tn government spending plan for 2024, calling for new policy initiatives and higher taxes on wealthy individuals and corporations. In response, the Federal Reserve has raised interest rates to counter high levels of inflation, but this could increase costs for borrowing, making everyday products more expensive. Ripple (XRP) and Dogecoin (DOGE) have decreased in value recently, leading some investors to look at alternative cryptocurrencies such as TMS Network (TMSN). TMSN aims to revolutionize the traditional financial space and Web3 space with its decentralized platform, letting users buy or trade derivatives including equities, stock, CFDs, and other options, with cryptocurrency payments. Users can connect their cryptocurrency wallet and begin trading without creating an account. The TMSN token, which has already completed Stage 1 of its presale, can be used to vote on governance proposals and earn commission for every trade made on the platform. Stage 2 has already reached 50% completion, with the TMSN token currently offered at $0.032. Analysts predict it will reach $2.25 by the end of Q4 2023, making it a potential hedge against market downturns.
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