TMS Network (TMSN) Initial Offering Sells Out in First Phase Amidst Dogecoin (DOGE) Price Drop and Polygon (MATIC) Decline to $1.24 in Crypto Industry News.
The recent Fed announcement regarding interest rate hikes to combat high inflation has caused uncertainty and a drop in markets, including crypto markets. Dogecoin and Polygon were hit hard by the news, with their prices dropping sharply. However, TMS Network’s second phase presale continues to perform well.
Polygon, initially created to provide a scalable infrastructure for decentralized applications and smart contracts, has expanded its capabilities to support interoperability with other blockchains and offers a robust set of developer tools. Despite this, its price has suffered on the markets.
Dogecoin, created as a joke but later gaining significant value thanks to the meme trend on Reddit and Elon Musk’s tweets, remains a highly volatile investment. Its price has dropped sharply following the Fed announcement.
TMS Network is a new decentralized exchange built on the Ethereum blockchain, promising to be the go-to exchange for cryptos and other assets such as foreign exchange, CFDs, and derivatives. Its presale has been successful so far, with investors seeing it as a promising investment opportunity. The second phase of the presale is currently underway.
Overall, investors are facing uncertainty amid the Fed’s recent announcement. However, opportunities such as TMS Network’s presale may offer a chance for solid yields. It’s important to note that this article is not intended to be used as investment advice.
About The Author
