The world of cryptocurrency has been filled with both excitement and chaos, recently. While the Arbitrum (ARB) airdrop faced numerous challenges, and Avalanche (AVAX) faced network disruptions, TMS Network (TMSN) experienced an unprecedented surge of 1300% in a short amount of time. This article delves deeper into these three significant events in the cryptocurrency world.
From Hype to Chaos: The Reality of the Arbitrum (ARB) Airdrop
Arbitrum (ARB) is a layer-2 scaling solution for Ethereum, which aims to improve speed, scalability, and cost-efficiency on the Ethereum network by utilizing optimistic rollups. Arbitrum (ARB) recently held an airdrop, distributing its governance token to users in an attempt to encourage adoption and incentivize new users. However, Arbitrum’s (ARB) airdrop process was riddled with bugs, high gas fees, and scammers looking to take advantage of the chaos. Despite these challenges, many users were able to claim over $1 billion worth of Arbitrum (ARB) tokens within just an hour of the airdrop’s opening. On the other hand, hackers looted $500,000 worth of Arbitrum (ARB) tokens. Scammers spun up spoof Arbitrum (ARB) airdrop links even before the airdrop was officially announced, phishing for unwitting investors, and stealing their sensitive personal data. At press time, Arbitrum (ARB) is trading at $1.37, up 12.10% in the last 24 hours.
Avalanche (AVAX) Price Maintains Stability Despite Recent Market Chaos and Network Disruptions
The C-chain of the Avalanche (AVAX) ecosystem had a remarkable week, with significant progress in its transactions per second (TPS). Avalanche’s (AVAX) C-chain is primarily used for deploying smart contracts and DeFi apps.
Avalanche’s (AVAX) weekly report revealed that staking on the network had gained momentum, with the staking ratio increasing by 62% from the previous week, accompanied by an 8% increase in staking rewards, which could have contributed to the surge in user interest.
However, Avalanche’s (AVAX) social metrics presented a negative picture, with a considerable drop in social mentions and engagements, resulting in over 10% fall in social dominance. Furthermore, Avalanche (AVAX) experienced an outage that halted block production for two hours followed by an 80 minute outage in a span of 3 days.
Despite these setbacks, Avalanche (AVAX) was valued at $16.74, at press time, with a 1.64% decline from the previous day. The daily price movement of Avalanche (AVAX) has been range-bound since 14 March, following the market’s stablecoin-induced chaos. Since most technical indicators are giving mixed signals, it was challenging to predict Avalanche (AVAX) price direction.
TMS Network (TMSN) Presale Skyrockets by 1300%: Here’s What You Need to Know
TMS Network (TMSN) has experienced a remarkable surge of 1300% in the crypto community, causing a buzz among traders and investors. TMS Network (TMSN) would provide traders and investors with a fully decentralized exchange that includes traditional asset classes in its portfolio.
By leveraging Ethereum smart contracts, TMS Network offers premium services to users who purchase TMSN tokens, such as real-time on-chain analytics, trading calls, and arbitrage signals. TMS Network (TMSN) provides users with the convenience of 24/7 trading through its self-developed trading bot system. This feature enables traders to execute trades even when they are away from their devices. Additionally, TMS Network (TMSN) guarantees its users the best possible deals across various markets through its price aggregator.
Currently, TMS Network (TMSN) is in the second phase of its presale, offering tokens at $0.046. In the first phase of presale, TMS Network (TMSN) sold over half a million dollars, and continues to grow in popularity among serious crypto traders as a go-to investment option.
For more information on TMS Network (TMSN) see 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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