On March 12, 2023, the Federal Reserve announced that the Federal Deposit Insurance Corporation (FDIC) would tackle the Silicon Valley Limited (SVL) bank collapse in a manner that “fully protects all depositors, both insured and uninsured.” Later, in a joint statement with the Treasury Department and FDIC, the Fed explained that they were invoking a “systemic risk exception” for both the SVL Bank and Signature Bank, which collapsed last week too.
This allayed the depositors’ fears. This being the second largest banking crisis in American history, with over $220 billion in uninsured assets, the FDIC decided to go beyond the limit of $250,000 for insured depositors.
After the regulators’ announcement, a lot of positive activity was seen around the TMS Network (TMSN), Shiba Inu, and Pancakeswap. All the cryptos propelled higher and traded in the green. Why is the announcement especially encouraging for these three cryptos? Let’s find out.
The Breadcrumbs to Altcoin Uptrend
After the collapse of the banks, the mood in the crypto market was suddenly gloomy. However, the announcement from the Fed carries some hints about their future stance on monetary policy. Markets predict that the Fed will now take a more lax approach to raising interest rates. With the banking sectors showing serious signs of stress, the Fed will refrain from increasing interest rates.
So, instead of parking their money in low-yield-but-safe assets like the US Treasury bills, they will return to high-return investments. These include riskier assets like stocks and cryptocurrency. In the context of these developments, Pancakeswap, Shiba Inu, and the TMS Network (TMSN) have gained significant value.
Right Place at the Right Time
Bitcoin rally pushed all altcoins after the Fed announcement. Pancakeswap, Shiba Inu, and the TMS Network (TMSN) were on the right trajectory at the time of the announcement.
TMS Network (TMSN)
The TMS Network (TMSN) has been soaring since its prelaunch. It had raised $500,000 in the stage 1 presale and followed it up with an even more successful stage 2 presale, which raised its price to $0.038. The DEX has been appreciated for its high speeds, complete transparency, and low cost of transactions. There is high demand for the TMS Network (TMSN) native token TMSN, which is predicted to grow 1000% in the coming weeks. The announcement by Fed came as the icing on the cake. The money tied up in low-risk securities can now be invested in the TMS Network (TMSN).
Shiba Inu (SHIB)
The launch of Shibarium has already sparked the interest of investors in Shiba Inu. The new layer-2 blockchain promises greater speed and scalability without the costs. Shiba Inu has repeatedly been outperforming its competitors in sheer trade volumes. Shiba Inu’s daily trading volume is routinely overtaking that of the biggest cryptocurrencies in the industry. With the announcement, investors are ready to take more risks and buy Shiba Inu. Currently, Shiba Inu is in an advantageous position.
Pancakeswap (CAKE)
Pancakeswap has been highly competitive and taking an aggressive approach to increasing its TVL. Pancakeswap already supports both Aptos and the Ethereum blockchain. The multiple-chain approach gives Pancakeswap access to higher liquidity. Since the development, the transaction volume of Pancakeswap has been soaring. So, the native token for Pancakeswap CAKE has been gaining in value too. The announcement from US regulators on the current crisis only magnified the trend.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetwork
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
