• TMS Network (TMSN) has caused a stir in the crypto market with its steady growth.
• The Sandbox (SAND) token is facing difficulty after being involved in SEC’s legal battle with Binance.
• Arbitrum (ARB) suffered an hour-long downtime after its sequencer ran out of Ether.
TMS Network (TMSN)
The TMS Network (TMSN) is a leading network that has been steadily gaining massive growth in the cryptocurrency industry, stirring up the crypto market with its success.
The Sandbox (SAND)
The Sandbox (SAND) is an Ethereum-based platform focused on providing virtual gaming experiences through blockchain technology. It enables users to create digital assets and trade them on its Marketplace, but recently got implicated in SEC’s lawsuit against Binance, which caused a bearish sentiment towards SAND and led to it declining from $0.54 to $0.49 as of yesterday. Despite COO Sebastian Borget’s attempts to disprove the claim, SAND still faces difficulties due to this incident.
Arbitrum (ARB) is a layer two blockchain built on Ethereum for faster transactions at low costs. Its operations depend on software called “the sequencer” which ran out of Ether on 8th June 2023 and caused Arbitrum’s chain operations to halt for one hour without any immediate effect on ARB’s price; however, investors may be affected if this issue persists in the future.
Both The Sandbox (SAND) and Arbitrum (ARB) tokens have been suffering unrest due to their respective issues causing bear downturns and disruption in their services respectively, making quite a dent in these tokens‘ performances and reputation among investors.
The TMS Network’s success has stirred up the cryptocurrency industry while The Sandbox and Arbitrum are facing serious unrest due to legal troubles and technical malfunctions respectively, resulting in bearish sentiments towards both tokens as well as disruption of services for Arbitrum users.