In the exciting world of cryptocurrency, market fluctuations are the norm and investors constantly seek opportunities to ride the next big wave. In this article we take a look at three major players in the crypto scene – Arbitrum (ARB), Avalanche (AVAX), and TMS Network (TMSN). While Arbitrum (ARB) and Avalanche (AVAX) face challenges, the spotlight shines bright on TMS Network (TMSN) as it surges and attracts savvy investors. Join us as we delve deeper into the latest updates and explore what’s next for these cryptocurrencies.
Arbitrum (ARB) Finds Support at $1.17 per Token: Potential for Further Positivity
Arbitrum (ARB) is an Ethereum-based layer-two scaling technology that makes use of optimistic rollups to improve efficiency, scalability, and affordability. The governance token for Arbitrum is called ARB, which allows token holders to participate in decision-making by voting on proposals related to features, protocol upgrades, funds allocation, and election of a Security Council. The developers of Arbitrum (ARB), Offchain Labs, have announced a move to a decentralized autonomous organization (DAO) structure – the Arbitrum DAO. The latest data from DefiLlama shows that Arbitrum’s (ARB) recorded value volume has surged to $2.17 billion, with almost half a million dollars locked in the popular decentralized exchange, GMX. This puts Arbitrum (ARB) in fourth place by total value locked (TVL), trailing only behind Ethereum, Tron, and Binance’s BSC. Although Arbitrum’s (ARB) price had a shaky start, it seems to have found support at $1.17 per token, indicating potential for further positivity.
Avalanche (AVAX) Price Forecast: Breakout or Breakdown?
AVAX is the native token of the Avalanche network, which focuses on smart contracts. The value of Avalanche (AVAX) reached its highest point of the year on February 2, reaching $22.79, but has since declined and fallen below a descending resistance line, dropping to $13.88 by March 10th. However, Avalanche (AVAX) bounced back and reclaimed the support level at $15.10, which is considered a deviation. The trend is not yet considered bullish because Avalanche (AVAX) price has not broken out of the resistance line.
A breakout or breakdown from the $15.10 area will likely determine the future trend, with a breakout potentially leading to highs near $19.45, and a breakdown possibly resulting in a fall to $12 for Avalanche (AVAX). Technical analysis shows that the Avalanche (AVAX) price has reached a correction point, but the failure to break out of the descending resistance indicates that the reversal is not confirmed yet. However, the possibility of a breakout for Avalanche (AVAX) exists. A breakout from the channel could lead to an increase toward $19.45, while a breakdown would invalidate Avalanche’s (AVAX) bullish structure, and could cause a drop to $12.
TMS Network (TMSN) Token Presale: Don’t Miss Out on Potential Growth
TMS Network (TMSN) offers a copy trading feature and supports MT4 and MT5. As a decentralized platform, TMS Network (TMSN) provides various benefits to holders of its native token, including governance voting rights, access to advanced trading tools, and a commission fee for every trade on the network.
Currently, TMS Network (TMSN) is in its second presale stage, offering the token at $0.046. Experts predict that the token may reach $2 by the end of Q4 2023. Investors can get involved in the project early by signing up for TMS Network (TMSN) presale.
To find out more please check the links below:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/tmsnetwork_io
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Source: https://www.thecoinrepublic.com/2023/04/01/arbitrum-hits-local-low-avalanche-seeks-key-support-while-tms-network-tmsn-shines-bright-and-attracts-savvy-investors/