The market rally has investors scrambling to allocate capital to attractive projects. Top contenders like Solana (SOL) and Avalanche (AVAX) have performed well recently. However, there’s a new challenger in town. Based on Ethereum, TMS Network (TMSN) has already raised $2 million in presale. And it certainly has investors’ attention.
TMS Network (TMSN) Presale
Built on Ethereum, TMS Network is a new decentralized exchange (DEX) with a revolutionary new take on the decentralized trading experience. Most contemporary DEXs offer only cryptocurrencies as tradeable assets on their platforms. TMS Network has many asset classes, from stocks to CFDs, FOREX, and crypto. Traders from all backgrounds, at any experience level, will be at home on the TMS Network (TMSN) platform.
TMSN token holders are entitled to a vast array of trading tools. Ranging from on-chain data, an in-house research station, customizable trading bots, and social trading, TMS Network is built for traders by traders.
Now in phase two, the TMS Network presale has been extremely successful so far. As the market continues to rally, TMSN continues to gain attention – and investment.
Solana has struggled in recent times. Marketed as a faster, cheaper, and more user-friendly blockchain than Ethereum, the involvement of Sam Bankman-Fried has left a stain on Solana’s reputation. On top of this, Solana is known to have outages that prevent users from transacting on-chain. This can cause major issues for traders as they are locked in positions and are often left at the mercy of market movements. Still, SOL investors and the community are largely behind the ecosystem and remain hopeful.
However, Solana may struggle to find new external investments. It remains to be seen if SOL can stay competitive in a constantly changing market. New projects, like TMSN, launch without controversial histories.
Another popular crypto project, Avalanche, has been performing well recently as one of the key Layer 1 blockchains; Avalanche has seen steady TVL growth – over 15% since the start of 2023. The AVAX token is also up over 60% this year. Thus, investors have been keen to participate in the Avalanche ecosystem.
Yet, as impressive as this performance is, the market capitalization of Avalanche is daunting. Worth $5.7 billion, Avalanche is already huge. Despite its popularity, Avalanche is one of the more developed projects on the market. Investors may question the risk/reward ratio of investing in a large project like Avalanche, while new projects with higher upside potential, like TMS Network, are gaining steam.
Solana and Avalanche are popular investments for many, but their popularity has already propelled them to extreme heights. Despite being new, TMS Network has proven to be a choice investment for many market participants. Offering an extensive upgrade of the decentralized trading experience, investors have taken note.
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