Many early crypto traders find it incredible that in 2023, meme-based crypto assets like Dogecoin (DOGE) and Shiba Inu (SHIB) are still rather popular. After all, one would assume more practical, innovative crypto tokens would eventually push these types of assets to the side. Doing just that is TMS Network (TMSN) – currently in its second presale phase and having raised over $4.0 million. Let’s take a closer look.
TMS Network (TMSN)
One of the key advantages of creating a decentralized exchange (DEX) is the strong security benefits it provides. When TMS Network (TMSN) users are able to retain control over their funds, it removes the ability for a hacker to steal them due to not being held by one entity. With TMS Network (TMSN), the user is responsible for securing their own crypto assets which is accompanied by the platform’s own sophisticated security measures.
Of course, there have been plenty of decentralized exchanges that have been hacked at the smart contracts layer, but TMS Network (TMSN) has various features and tools to protect against this sort of attack. TMS Network (TMSN) has hired outside firms to perform security audits on their blockchain-based contracts on a regular basis, which helps guard against hacks, thefts, or loss of funds that can occur with buggy code.
If being a non-custodial exchange and getting audited wasn’t enough, TMS Network (TMSN) also insures user funds to offer an additional level of safety and security to their users.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a decentralized cryptocurrency created by an anonymous group known as “Ryoshi” in August 2020. Over the past three years, the meme coin has grown from strength-to-strength and is still extremely popular with investors.
However, the layer-2 scaling solution for Shiba Inu (SHIB), Shibarium, is currently undergoing testing by a Shiba Inu-based (SHIB) NFT project developer. The Shiba Inu (SHIB) developer has so far created over 12 million wallets, 3 million transactions, and 1,620 tokens on the Shibarium beta testnet, Puppynet. However, he has also encountered some major issues with the Shiba Inu (SHIB) Puppynet blockchain explorer.
The developer has shared his findings and feedback with the Shibarium team, but he is still unclear about the current development progress of Shibarium. He said that there is much work that needs to be done before Shibarium can be ready for launch. Could this have a negative effect on the price of Shiba Inu (SHIB)? We’ll have to wait and see.
Dogecoin (DOGE)
Every year, the Dogecoin (DOGE) community anticipates a price surge on April 20. The event, dubbed “Doge Day”, is an attempt by fans of Dogecoin (DOGE) to push its value to $1 or higher.
Dogecoin (DOGE), which started as a joke in 2013, has gained popularity thanks to endorsements from celebrities like Elon Musk, Snoop Dogg, and Mark Cuban. The coin, which features the image of a Shiba Inu dog as its logo, has also benefited from the rise of online platforms like Reddit and TikTok, where Dogecoin (DOGE) users create and share viral content.
The Dogecoin (DOGE) community is optimistic and enthusiastic about the potential of “Doge Day”. On social media, users are using hashtags like #DogeDay and #Doge420 to spread the word and encourage others to buy and hold the coin. Some Dogecoin (DOGE) supporters have also created posters, stickers, and merchandise to promote the event.
Final Thought
At the end of the day, it’s clear Shiba Inu (SHIB) and Dogecoin (DOGE) rely on gimmicks and memes for growing adoption and increasing the price. However, those investing in TMS Network (TMSN) in the early presale stages can own a share of a decentralized exchange that brings DeFi to the masses.
To learn more about the TMS Network (TMSN) second presale phase, click on the links below:
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
