People who hold an interest in the world of cryptocurrencies know that it is important to stay up-to-date on the latest news and updates in the market. As it is a rapidly evolving and dynamic space, one might struggle to stay on top of things. Through this article, we aim to help you get the latest updates, be it the change in the Twitter logo that led to the uproar in the price of Dogecoin (DOGE), the correlation between Stacks (STX) and Bitcoin, or the tremendous growth shown by TMS Network (TMSN) in its presale.
Dogecoin (DOGE) is on the decline since the Twitter logo reverted back to its original blue bird
Elon Musk, the Twitter CEO, caused a surge in the price of Dogecoin by changing the original Twitter logo of a blue bird to the DOGE meme face. The billionaire also took to Twitter to share an old screenshot, in which he is found to be engaging in banter with a fellow Twitter user about buying Twitter and changing its logo to a Doge. He shared the screenshot with the caption, “As promised.” While the reasons for the change in the logo remain unknown, it led to a bullish rally for Dogecoin (DOGE). To the disappointment of Dogecoin (DOGE) investors, this rally was short-lived as the Twitter logo was changed back to the original, leading to a price drop in Dogecoin (DOGE). Currently, Dogecoin (DOGE) is priced at $0.081923, and has experienced a price decline of 3.85% in the past 24 hours.
Stacks (STX) experiences an uptick as it shows a correlation with Bitcoin
Over the past week, Stacks (STX) has experienced bullish momentum with an increase in its price by 5.21%. Stacks (STX) is currently priced at $0.925732, with a 24-hour trading volume of $180,275,142. The bull rally showcased by Stacks (STX) demonstrates a correlation in the price movement of Bitcoin. This correlation can be explained by the fact that Stacks (STX) is a Bitcoin layer for smart contracts. As Stacks (STX) uses proof of transfer consensus along with its clarity language, it can read from the Bitcoin blockchain, providing it with complete knowledge regarding the state of Bitcoin. Further, as the transactions made on Stacks (STX) are hashed, and settled on the Bitcoin layer 1 blockchain, the price relationship between Stacks (STX) and Bitcoin can be better understood.
TMS Network (TMSN) gets ahead of other cryptocurrencies with its impressive presale
TMS Network (TMSN) has caught the attention of investors with its skyrocketing presale rally. TMS Network (TMSN) had already become an investor favorite, with the first 2 stages of its presale ending on an impressive note. With the progressing third stage of the presale, TMS Network (TMSN) has left its mark in the crypto market, having bagged close to $4.2 million.
TMS Network (TMSN) has showcased an astounding growth of 1900%. Investors are flocking to get their hands on TMS Network (TMSN) at its current price of $0.075. Industry experts believe that TMS Network (TMSN) is all set to dominate the crypto market, and revolutionize the world of cryptocurrencies.
Conclusion
The Twitter CEO’s decision to change the Twitter logo to a Doge led to an increase in the price of Dogecoin, making investors happy. Although this joy was short-lived, as soon as the logo was changed back to its original form, the Dogecoin (DOGE) price tanked. Stacks (STX) has been showcasing an uptrend over the past week with a rise in price. Investors quickly noticed the correlation between the price surge in Stacks (STX) and the price momentum of Bitcoin. TMS Network (TMSN) reached new heights with its explosive presale, making it an investor favorite.
Find more about TMS Network here:
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://bitcoinist.com/dogecoin-doge-crashes-as-the-twitter-logo-returns-to-the-original-stacks-stx-soars-tms-network-tmsn-presale-rallies/