Cryptocurrencies have been gaining investor traction in the past few years. As the crypto industry gains new participants, the world of cryptocurrencies has evolved with each passing day. The dynamic and volatile nature of cryptocurrencies can make them a difficult investment to keep track of. Through this article, one can gain insight into the reason behind the rise in popularity of TMS Network (TMSN), and the price decline experienced by Cardano (ADA) and Conflux (CFX).
Cardano (ADA) is on a downtrend
As the bears take over, Cardano (ADA) has been experiencing a price decline over the past week, bringing its potential bull run to an end. Cardano (ADA) has witnessed a fall in price by 2.75% in the past week. In the past 24 hours, Cardano's (ADA) price has declined by 0.37%. Currently, Cardano (ADA) is trading at $0.38.
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Cardano (ADA) is a blockchain platform founded in 2015 by Charles Hoskinson, one of the founders of Ethereum. Cardano (ADA) is positioned as an alternative to Ethereum. Cardano (ADA) aims to be an efficient alternative to proof-of-work networks, by utilizing the proof-of-stake mechanism. Cardano’s native coin is ADA. Cardano provides applications such as smart contracts, and aims to build a connected, decentralized system. Cardano (ADA) is often referred to as the Ethereum killer by investors. As compared to other cryptocurrencies such as Ethereum or Bitcoin, which use proof-of-work mechanisms consuming high amounts of energy, Cardano (ADA) uses proof-of-stake consensus, making it more sustainable.
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Investors showcase bearish sentiments towards Conflux (CFX)
Conflux (CFX) experienced a fall in price as investors turned bearish. Conflux (CFX) had a price fall of 0.39% in the past 24 hours. Conflux (CFX) is currently being traded at $0.366524. The market cap of Conflux (CFX) is over $1 billion.
Conflux (CFX) is a permission-less chain, which is China’s first and only regulatory-compliant public blockchain. Since China has been against the usage of cryptocurrencies since 2011, the adaptation of cryptocurrency through Conflux (CFX) is expected to pave the path to a new era. Conflux (CFX) is a hybrid chain that utilizes and combines both proof-of-work and proof-of-stake mechanisms. It is a layer-1 blockchain. As compared to popular cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC), Conflux (CFX) stands apart via its usage of a tree graph structure. Through this structure, Conflux (CFX) can process multiple blockchains simultaneously, leading to higher scalability and throughput. The native CFX token is used to pay transactional costs, earn rewards, and much more on the Conflux platform.
TMS Network (TMSN) outperforms other cryptocurrencies
TMS Network (TMSN) has gained investor traction with its explosive presale rally. In the first stage of its presale, TMS Network (TMSN) produced impressive results. As the second stage of TMS Network (TMSN) presale progresses, investors in the market are keen on grabbing their share. So far, TMS Network (TMSN) has bagged almost $4 million, and showcased a growth of 1500%.
The unique features offered by TMS Network (TMSN) have led to impressive results in its presale, turning it into an investor favorite. TMS Network (TMSN) has established itself as a one-of-a-kind decentralized trading platform that allows users to trade multiple derivatives through a single platform. These derivatives may be in the form of stocks, forex, CFDs, etc. TMS Network (TMSN) also offers speedy and efficient transactions at low costs. Token holders also gain other incentives, such as governance rights, voting rights, etc.
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Conclusion
Cardano (ADA), popularly known as Ethereum’s rival, has been on a downtrend as it experiences a decline in prices. The market has also been showcasing bearish sentiments towards Conflux (CFX), the revolutionary cryptocurrency of China. TMS Network (TMSN) had already left a mark in the crypto market with explosive results in the first stage of its presale. As the second stage progresses, TMS Network (TMSN) continues to impress investors in the crypto world with its skyrocketing presales.
Learn more about TMS Network here:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
