It’s starting to seem clear that the U.S. Securities and Exchange Commission (SEC) is going to continue to go after the crypto market. While the SEC is going after both exchanges and crypto token issuers, EOS (EOS) and NEO (NEO) have not been able to stay afloat. On the other hand, this has been decentralized exchange (DEX) TMS Network’s (TMSN) time to shine, as it’s already raised more than $2.5 million in its token sale and is only in the second phase of the event.
TMS Network (TMSN)
TMS Network (TMSN) is a decentralized exchange (DEX), which means users who trade on the platform are able to retain complete control over their crypto assets right up until the point that they decide to make a trade. This functionality of TMS Network (TMSN) is made possible through the use of smart contracts that have been published on the Ethereum (ETH) blockchain.
Unlike most other DEXs, TMS Network (TMSN) does not simply allow its users to trade between different ERC-20 tokens that have been issued on top of Ethereum (ETH). Instead, TMS Network (TMSN) users are actually entering into derivatives contracts every time they make a trade. While this is quite different from a traditional spot exchange, the key advantage for TMS Network (TMSN) here is that users are able to trade a massive range of traditional assets alongside crypto.
EOS (EOS) is showing signs of recovery after a bearish slump that brought its price down to $1.082 on April 20, 2023. According to the latest EOS (EOS) price analysis, the cryptocurrency has regained some momentum and is trading at $1.109 as of April 21, 2023. The bulls are hoping to break the resistance level of $1.140 in the next session, but they face strong opposition from the bears.
The EOS (EOS) price analysis reveals that the coin has suffered a significant loss of value in the past 24 hours, dropping by 1.58%. The EOS (EOS) moving average and the Bollinger band average are both above the current price, indicating a downward trend. EOS (EOS) volatility is also high, which means that the price could fluctuate unpredictably.
However, the 4-hour chart for EOS (EOS) price analysis shows some positive signs for the buyers. The price has bounced back from the lower Bollinger band and is now above it. The RSI curve has also moved out of the oversold zone and is heading towards neutral. The Bollinger bands are expanding, which could signal a potential breakout in either direction.
The cryptocurrency market is constantly evolving and presenting new opportunities. One of the coins that has been attracting attention lately is NEO (NEO), a platform that enables decentralized applications (dApps) and smart contracts.
NEO (NEO) is currently down from its recent high of $14.21 on April 11. The coin has been moving sideways for the past week, facing resistance at $13.04 and support at $11.99. The overall trend is bearish, as NEO (NEO) has failed to break above the $13 level despite several attempts. The coin is also underperforming compared to its competitors, such as Ethereum (ETH), TMS Network (TMSN), and Cardano (ADA).
The main reason for NEO’s (NEO) decline is the lack of positive news and catalysts that could boost its adoption and innovation. NEO (NEO) has been overshadowed by other smart contract platforms that have more active development and community engagement. NEO (NEO) also faces regulatory uncertainty in China.
These days, EOS (EOS) and NEO (NEO) have both become a bit outdated and stale. With TMS Network (TMSN), investors are getting maximum exposure to the absolute cutting-edge of decentralized finance in 2023.
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