The crypto industry is finally out of the woods. Well, that’s the story most crypto analysts are pushing out at the moment, and it’s hard to argue. Bitcoin has broken out of its months-long range; it’s not resting comfortably in the $28k support band. But, something very interesting is happening to altcoins. A handful of them are tracing record movements, leaving behind the rest of their brethren. These tokens – Dogecoin (DOGE), Shiba Inu (SHIB), and TMS Network (TMSN) – are growing at an accelerated pace. So, what’s happening to them?
Dogecoin (DOGE) Just Became the New Twitter Home Button
Dogecoin (DOGE) just had one of its best days in recent months on Tuesday when it posted an impressive 30%+ gain in a single day. On a normal day, Dogecoin (DOGE) is a highly speculative token without a strong real-world use case. In fact, Dogecoin (DOGE) was created as a parody crypto. However, every now and then, Elon Musk makes an announcement about the token, leading to an outsized performance – positive or negative – by Dogecoin (DOGE). So, what did he say this time? Well, it’s not what he said, but more of what he did this time. Under Elon, Twitter silently changed its Home Button, which was previously the blue bird image, to a cartoon of the Dogecoin (DOGE) logo. And that set the internet on fire.
Dogecoin (DOGE) shot up by 30% the very same day. Adding more context to the move, Elon later posted a screenshot of his old conversation with a Twitter user who implored him to change Twitter’s logo to DOGE. Speculations abound on what this could mean for Twitter and Dogecoin (DOGE), but we don’t think much will come out of this move, besides a temporary pump in DOGE’s prices.
Shiba Inu (SHIB) Joins the Bandwagon to the Top
If Dogecoin (DOGE) is a parody of cryptocurrencies, Shiba Inu (SHIB) transforms that joke into a full-fledged ecosystem. Shiba Inu (SHIB) styles itself the “Dogecoin-killer.” For a while, it did look like Shiba Inu (SHIB) might get its wish, since it momentarily surpassed Dogecoin (DOGE) in market cap. However, it appears that DOGE is going nowhere.
Shiba Inu (SHIB) operates its own DEX called ShibaSwap. Shiba Inu (SHIB) is trying to differentiate itself from other meme coins by carving out a robust use case for itself. Shiba Inu (SHIB) has partnered with several platforms, including Newegg, BitPay, and others, in an endeavor to promote its acceptance by businesses.
Interestingly, Shiba Inu (SHIB) has a more specific vision for its place in the Metaverse. The team behind Shiba Inu (SHIB) has introduced a metaverse powered by NFTs where Shiba Inu (SHIB) will play a crucial role of facilitating transactions. All of these have nothing to do with Shiba Inu’s (SHIB) sudden rise the other day, which can be wholly attributed to the sudden rise in popularity of Dogecoin (DOGE).
TMS Network (TMSN) Bags Over $4 Million in Funding
TMS Network (TMSN) is a new cryptocurrency with a strong real-world use case. TMS Network (TMSN) is a DEX, and it’s unlike any other DEX. TMS Network (TMSN) is also an equity exchange and forex exchange. TMS Network (TMSN) lets users trade cryptos, CFDs, equities, and forex. TMS Network (TMSN) pulls trade data from multiple exchanges to allow its users to trade and invest in a variety of assets.
Unlike other DEXs, TMS Network (TMSN) does not require users to complete KYC verification or even create an account on the platform. Users can start trading directly from their crypto wallet without creating an account. TMS Network (TMSN) offers a wealth of resources, including training videos, webinars, and detailed guides to help traders make smarter moves.
For more information on TMS Network (TMSN) please see the links below: