The Sandbox joins hands with NFT Technology to enter the crypto world, Enjin Coin backed Efinity approved by Japanese regulators, User-friendly TMS Network is quickly establishing itself as the preferred trading platform
The Sandbox (SAND), powered by Ethereum, is a multiplayer metaverse for blockchain-related games. Players can monetize and participate in blockchain-based games with The Sandbox (SAND). The Sandbox (SAND) now plans to enter the crypto world by joining hands with NFT Technology.
Enjin Coin (ENJ) is an ecosystem that comprises blockchain-based gaming products. The Enjin Coin (ENJ) network is a social gaming platform where users can create clans and websites, host virtual items, and chat with others in the community. With the backing of Enjin Coin (ENJ), Efinity has now been approved by Japanese regulators.
With new centralized platforms launching regularly, the TMS Network’s (TMSN) decentralized platform has received the attention of the trading world. With various resources and an excellent interface, TMS Network (TMSN) aims to provide traders with an innovative way to trade online.
Exciting times ahead as The Sandbox (SAND) token unlock draws nearer
As The Sandbox (SAND) token unlock date draws nearer, the token price seems to have fallen. However, it is worth noting that The Sandbox (SAND) is garnering more attention due to its usability. NFT Technology, a leading tech company, has now collaborated with The Sandbox (SAND) to enter the crypto world.
Such partnerships are expected to increase The Sandbox’s (SAND) trade volume. This has caused The Sandbox (SAND) token price to rise. It is currently at $0.7352. Although The Sandbox (SAND) has shown an exponential increase in the last 30 days, experts are awaiting February 14th to see what impact it could have on its price.
Japanese crypto regulator JVCEA’s approval of Efinity backed by Enjin Coin (ENJ) will change the NFT world
Enjin Coin (ENJ) was one of the first gaming/metaverse tokens that was approved in 2021. As per the Japan Virtual and Crypto Asset Exchange Association (JVCEA), there are only 22 green list tokens, and the Enjin Coin (ENJ) is among them. With the Enjin Coin (ENJ) team being a core contributor to the Efinity token (EFI), it remains to be seen how this affects its price.
The JVCEA is responsible for regulating crypto-asset providers, which involves pre-screening of any new tokens. Efinity (EFI) is among a handful of metaverse tokens along with Enjin Coin (ENJ) to be approved by JVCEA. The price impact is unknown as yet, however, the current price of Enjin Coin (ENJ) is $0.4620.
TMS Network (TMSN) takes away from the traditional methods and provides a platform for easy and transparent trading
Online traders have been on the lookout for a more efficient and faster platform, which TMS Network (TMSN) has provided. With thousands of traders already trading on the decentralized platform, TMS Network (TMSN) is slowly becoming a trusted name in the online crypto trading world. The biggest problem with traditional trading methods is that traders do not have easy access to their funds. With TMS Network (TMSN), that is not the case. TMS Network (TMSN) allows traders to quickly deposit and withdraw via cryptocurrency.
Traders can also enjoy a seamless trading experience with TMS Network (TMSN) and this reflects in its opening trading price of $0.0047. Additionally, current TMS Network (TMSN) token holders will also earn big with the help of the commission revenue model.
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Weak Hands Could Be Wiped Out in 2022; Here’s Who Might Lead the Next Bull Run!
The year 2022 demonstrated the diverse features of the crypto space as well as market participants such as short-term holders, long-term holders, whales, as well as strong and weak hands. While the strong hands continued to amass wealth, the weak hands continued to extract profit at every turn.
At the beginning of the year 2022, the market capitalization was trading around $2 trillion. However, the deadly market crash led by the LUNA-UST crisis, dragged the levels close to $1 trillion. Woefully, the levels have dropped below the levels, presently and manifest the possibility to bottom hard in the coming days.
Well, the steep drops are speculated to have been led by the weak hands, who may be wiped out in 2022.
According to santiment data, the weak hands have been liquidating their assets in order to make small profits and thus chase short-term bounces. This is primarily due to Bitcoin‘s and Ethereum‘s social dominance. According to the data, the rate of market participants discussing cryptos on social media platforms has been drastically reduced.
Presently, the BTC dominance has dropped below 14% while that of ETH is below 8%. The BTC price and the entire crypto space may turn bullish only if these rates surge beyond 20%. As a result, long-term traders are fairly confident about the upcoming rally after Bitcoin regains mainstream attention. Hence, a fair upswing may ignite at any moment in the next couple of months.