The party is officially over for cryptocurrencies…well, at least for now. The new year brought a wave of joy for crypto investors worldwide. Cryptos across the board arrested their downward spiral, led by Bitcoin (BTC), and appeared to make a sharp recovery. Investors rejoiced as Bitcoin (BTC) made steady progress and touched the psychologically important $30k price band. However, the larger global economic slowdown has finally caught up with cryptocurrencies. Bitcoin (BTC) is now back to $27k levels, while some of the biggest DeFi projects, Cardano (ADA) and Polygon (MATIC), have lost over 15% of their values in a week. TMS Network (TMSN) stands as the lone bright star in the crypto sky with an impressive 73% gain over the 7-day period.
Cardano (ADA) is the most formidable competitor against Ethereum (ETH). Unlike many other cryptos trying to break Ethereum’s dominance in the DeFi space by building layer-2 chains on top of it, Cardano (ADA) takes a more independent route. In fact, Cardano (ADA) was founded to be a more innovative, scalable, and feature-rich alternative to Ethereum. Cardano’s (ADA) founder was originally part of Ethereum’s team, before differences emerged within the team regarding the latter’s future. Subsequently, Charles Hoskinson, Cardano’s (ADA) founder, quit Ethereum and launched his own platform.
Hoskinson has introduced a multitude of upgrades and advanced features to Cardano (ADA) over the years. These developments have made Cardano (ADA) a powerful platform for commercial deployment. Cardano (ADA) also has a governance system that’s several times more decentralized than that of Ethereum. Hoskinson believes this makes Cardano (ADA) more sustainable in the long run.
Polygon (MATIC) is one of the layer-2 scaling solutions that use Ethereum (ETH) as the base chain. This approach lets Polygon (MATIC) use Ethereum’s widespread popularity, security, and familiarity, while offering developers a much faster, scalable, and cheaper solution. Polygon (MATIC) advertises itself as “the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development.” With support for the development of optimistic rollups, ZK rollups, standalone chains, and other types of chains, Polygon (MATIC) turns Ethereum into a multi-chain ecosystem.
The fact that Polygon (MATIC) also improves transaction speeds and makes Ethereum highly scalable are added bonuses for developers. Currently, Polygon (MATIC) possesses the capability to process 65,000+ transactions per second. However, the rise of countless layer-2 scaling solutions for Ethereum has rendered Polygon (MATIC) less relevant, or, worse, obsolete. So, Polygon (MATIC) is having a hard time holding on to its price.
TMS Network (TMSN)
TMS Network (TMSN) is an upcoming DEX with advanced DeFi features. For one, TMS Network (TMSN) is the first DEX to support fiat asset trading, alongside crypto trading. TMS Network (TMSN) users can trade cryptos, CFDs, forex, and equities. Additionally, TMS Network’s (TMSN) unique consensus mechanism allows the transactions to be cheap forever, no matter how many users use the platform. So, TMS Network (TMSN) will continue to be a cheap, highly scalable, and innovative DEX well into the future. With a vast variety of resources like educational videos, AI trading bots, arbitrage trading signals, and so on, TMS Network (TMSN) hopes to create a whole new generation of savvy traders.
TMS Network (TMSN) hopes to revolutionize trading for everyone, whether they are investing in cryptos or equities. This unique utility has made TMS Network (TMSN) a darling of new crypto investors. TMS Network (TMSN) is currently selling at $0.085 in stage 3 presale. TMS Network (TMSN) has grown wildly since its first presale event a few months ago, when it was priced at just $0.025. With over 200% gains, TMS Network (TMSN) has already delivered sweet gains for early investors, and analysts expect it to grow by at least 5,000% in the coming months.