• November 2021 saw cryptos peak and then lose massive amounts of value in 2022.
• 2023 has been a different story, with Bitcoin (BTC) hitting an eight-month high at just shy of $25k and Cardano (ADA) doubling Bitcoin’s (BTC) recovery.
• TMS Network (TMSN) is now in the first phase of presale, and many investors are reaping the rewards from trading Bitcoin (BTC).
Crypto Market Reaches Bull Run In 2023
The crypto market underwent a difficult phase during the year 2022, but sentiment changed in 2023 as the markets started to turn their heads. TMS Network (TMSN), a decentralized blockchain-based platform providing a secure, scalable, and sustainable infrastructure for building and running decentralized applications and smart contracts, is currently in its first phase of presale.
Bitcoin (BTC): Sentiment Drives Recovery & Profits
After peaking in November 2021 with prices reaching just south of $70K, Bitcoin (BTC) encountered what was called ‚crypto winter‘ where values tumbled throughout 2022. However, renewed hope and optimism came to fruition when Bitcoin hit an eight-month high at just shy of $25k by February – leading to considerable profits for those who held or traded on reliable exchanges.
Cardano (ADA): Outpacing The Big Tokens For Bigger Yields
As the leader of the pack, Bitcoin’s movements set off proportional effects on other crypto assets like Cardano (ADA) which went on to double Bitcoin’s recovery rate due to its proof-of-stake consensus algorithm that provides transaction validation and network security with layered architecture. This made it possible for traders looking for bigger yields over quicker periods of time more profitable investments as opposed to Bitcoin which is slower but steadier.
Market Grows Wherever Cryptos Grow
The growth or fall of any one crypto asset has the potential to affect other assets similarly; this means that when one asset increases so does another until a balance is established. This concept can be seen in action through Cardano’s recent rise that attracted yields much greater than those experienced by holders buying into bitcoin – however these yield differences are always subject to change if either asset rises or falls beyond expected levels.
Investment Benefits From ‘Buy Low Sell High’ Adage
This idea ties into the concept behind investment strategies like ‚buy low sell high‘ wherein investors buy into assets during times when prices are low so they can benefit from increased values once markets start moving again – this is especially important when dealing with volatile markets such as cryptocurrencies since losses tend to be greater than gains if not managed properly. As such it goes without saying that making sure trades are done using reliable exchanges is paramount if one wishes to maximize returns while minimizing risk exposure