The crypto market has been soaring recently, with the Stacks (STX) token leading the way by surging 130% over a few days. Meanwhile, Shiba Inu (SHIB) tokens have seen 410 billion of their total supply burned, and TMS Network (TMSN) is showing great potential for the future of DEX trading. These events are all indicative of increasingly bullish sentiment in the cryptocurrency space as investors look to capitalise on these emerging opportunities.
Stacks (STX) Up 130% – Why?
Stacks (STX) has seen an explosive rise over the past few days, with the token soaring 130% in just a few days. STX launched in 2017 and is a platform dedicated to providing users access to the Bitcoin network and its features, including decentralised applications and smart contracts.
The recent surge in price could be attributed to the growing demand for Bitcoin as well as its increasing acceptance by mainstream companies. Another potential explanation for the Stacks (STX) price spike could be attributed to the growth and expansion of Non-Fungible Tokens (NFTs) on the Stacks Blockchain.
The Shiba Inu (SHIB) Tokens Burne
Shiba Inu (SHIB) tokens have seen 410 billion of their total supply burned, according to the token burn tracker Shibburn. This was an intentional move by the project’s creators to increase the token’s scarcity and value in anticipation of the launch of Shibarium. On Monday, the official Twitter account for Bone ShibaSwap (BONE) proudly made the launch announcement.
Shibarium is intended to be a second-layer scaling solution, similar to Polygon (MATIC). BONE will serve as its governance token and allow users to make gas fee payments via the platform. In the last day, BONE has enjoyed an impressive 11% increase in value, now trading at $1.90 as of this writing and ranking 94th among crypto assets by market cap.
TMS Network (TMSN) – One to Watch
TMS Network (TMSN) is a decentralised exchange platform that uses its protocol to facilitate transactions through major exchanges. It has recently gained traction due to its low transaction fees, high-speed transactions, and support for various digital asset types such as cryptocurrencies, stocks, Forex, and CFDs.
The platform offers an academy for all budding traders and is a great place to start trading for advanced and novice traders. By capitalising on trading volume across the platform, you can gain lucrative commissions in TMS Network (TMSN) tokens. The best part is that you’ll never need to open an account with a centralised exchange again. No need for paperwork and verification; simply connect your wallet, and you’re ready to go.
To Wrap It Up
The crypto market is showing increasing bullish sentiment as Stacks (STX) token has surged 130%, 410 billion Shiba Inu (SHIB) tokens have been burned, and TMS Network (TMSN) is gaining traction as a great place to start trading. These events all indicate the growth potential in the cryptocurrency space, and investors should keep a close eye on any emerging opportunities.
TMS Network (TMSN) is of particular interest as it’s still in its presale stages and could soon become one of the hottest DEX trading platforms in the industry.