Crypto investors have been having a blast since the beginning of 2023. The crypto winter has finally blown over, and crypto spring is here. There are some coins that are leading the positive trend from the front – Maker (MKR), TMS Network (TMSN), and Conflux (CFX). Investors are particularly excited in them. Why have these cryptocurrencies become investors’ favorites this month? Let’s find out.
Maker (MKR) In Demand
Maker is essentially the governance token that lends voting rights for the Maker Protocol and MakerDAO. Holders of Maker can vote for or against any changes in the DAI stablecoin, which is pegged against the US Dollar (USD).
Maker price has been on the rise with the market uptrend of 2023. A look at the price history of Maker will explain that any rise in the price of Bitcoin positively impacts the price of Maker. Case in point, the jump in Bitcoin price in 2018 and 2021 saw an immediate increase in Maker’s price too.
Another important factor is the rising popularity of the DAO tokens. With the boom in decentralized finance, the interest in DAO also skyrocketed. It has in turn generated more interest in the Marker crypto.
It is also important to note that the Maker crypto is in low supply. With the increased demand for Maker, combined with the low supply, Maker price is only going to go up.
TMS Network (TMSN) Attracts Investors
There has been a lot of positive sentiment around the TMS Network (TMSN) since its launch. After all, the decentralized trading platform makes it incredibly easy for traders to make low-cost transactions at high speeds. More importantly, the TMS Network allows its users to trade in multiple asset classes, including CFDs, Forex, stocks, and cryptocurrencies. So, it doesn’t only appeal to a crypto trader, but also a traditional trader.
Investors are particularly excited about TMS Network because of the incredible growth it has showed since its launch. The coin has recently concluded its stage 1 presale at a price of $0.025 after raising an impressive $500,000 in just two weeks. The market is abuzz with predictions that TMS Network is all set to grow by at least another 1,000% in the coming weeks. The affordable price and high-growth potential have attracted a slew of investors to the blockchain-powered trading platform.
Rise of Conflux (CFX) and the China-Effect
The Shanghai Tree-Graph Blockchain Research Institute or the Conflux Network is a public and regulated blockchain from China. The primary reason for the Conflux rally is the rumored change of policy in China that makes holding and trading cryptocurrency legal. Moreover, Conflux has also announced multiple corporate partnerships recently. One of Conflux’s partnerships is with the social platform, Little Red Book, which offers NFT services. Another is with China Telecom, which is developing a blockchain-powered SIM card in Hong Kong. Such sim cards have already been tried before, but the news from Conflux has been received well.
The increased interest around Conflux is evident from Google Trends. The search volume for Conflux has markedly increased. The China-effect, and Conflux’s strategic business partnerships will only make the coin more popular and keep the investors excited about its future.
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Twitter: https://twitter.com/tmsnetworkio
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