TMS Network (TMSN) is raging in the small-cap crypto circles as it continues to bag an ever-growing contribution from early investors and crypto users. Clearly, the crypto industry is sold on TMS Network’s (TMSN) vision of building a truly decentralized trading platform for both crypto and fiat traders. So far, TMS Network (TMSN) has had three rounds of successful presale sessions and is currently in the middle of stage 4 presale, where its token has grown by over 300%. Meanwhile, some of the older crypto projects like Avalanche (AVAX) and Conflux (CFX) are losing steam as they become increasingly irrelevant in the industry.
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TMS Network (TMSN) Raises $6 Million in Funding
TMS Network (TMSN) is a new DEX with a refreshingly new value offering – fiat and crypto asset trading services. TMS Network (TMSN) allows its users to buy, sell, and trade assets from multiple exchanges worldwide. In effect, TMS Network (TMSN) brings the benefits of decentralization to fiat exchange traders, even as it offers superior services to DeFi audiences. With a full gamut of resources, including education videos, webinars, powerful tools, and dApps compatibility, TMS Network (TMSN) hopes to enable its users to trade in a more sophisticated way. TMS Network (TMSN) also offers revolutionary features like social trading, AI trading bots, arbitrage trading signals, and so on.
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In practice, TMS Network’s (TMSN) arrival would be an epoch-making event for the fiat exchange traders. Everyone from investors to traders has poured over $6 million into TMS Network (TMSN). The platform has set a hard cap of $12 million for the ICO. Analysts not only expect TMS Network (TMSN) to achieve its target well before its deadline but also predict that it will explode 1,000x when it launches.
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Avalanche (AVAX) Faces the Heat
Avalanche (AVAX) is one of the most scalable and decentralized infrastructure platforms for Web3 project developers. Avalanche (AVAX) is trying to solve blockchain industry’s biggest problem – achieving scalability without compromising decentralization. Typically, most crypto platforms hit a bottleneck when it comes to decentralization as they grow big. The result is slow transactions and high gas fees, typical of Ethereum. Avalanche (AVAX) addresses this challenge by operating three dedicated interoperable chains – X-Chain, C-Chain, and P-Chain. Each of these chains handles different aspects of Avalanche (AVAX) blockchain. In doing so, Avalanche (AVAX) offers drastically higher throughput while retaining its commitment to decentralization.
Avalanche (AVAX) hopes to become an Ethereum-killer, but lately, this space is getting too crowded. So, it’s unlikely that Avalanche (AVAX) will ever overtake Ethereum (ETH). In fact, upgrades on Ethereum (ETH) blockchain and the arrival of layer 2 solutions like Polygon (MATIC) for Ethereum (ETH) have made Avalanche (AVAX) increasingly irrelevant.
Conflux (CFX) Takes a Nosedive
Conflux (CFX) broke records as it started its climb earlier this year. It registered over 1,000% growth to reach its year’s high of $0.49. Conflux (CFX) has been hovering around its long-term horizontal support for a while now. However, Conflux (CFX) has now gone into a nosedive. Conflux (CFX) has fallen below support levels and is trading at $0.29.
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Even at a low price of $0.29, the trading volume continues to be around $150 million. As the price dropped, the trading volumes have steadily increased. Such high trading volumes and dropping Conflux (CFX) prices indicate that sellers dominate the market. The investor interest in Conflux (CFX) is at an all-time low. They are trying to get rid of their Conflux (CFX) holdings to move to better crypto investments available in the market.
Explore the TMS Network presale here:
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetworkio
