A surge of one of the revelation cryptocurrencies of 2023, the TMS Network (TMSN) has caught the attention of investors and traders in the market, with many industry analysts drawing parallels to BTC’s performance in Q1 2021.
Due to a phenomenal presale performance and price drop increase, TMS Network (TMSN) has already broken barriers with an over 700% increase, and has overtaken more established competitors like Shiba Inu (SHIB) and TRON (TRX).
TMS Network (TMSN)
TMS Network (TMSN) has had an excellent start to business by any yardstick. Apart from the fact that the platform combines over 500 cryptocurrencies with traditional assets including forex, CDFs, stocks and more, it also allows investors to buy any asset they want without ever needing to change platform.
Additionally, in a bid to address the prevalent problem of wash trading and manipulation, TMS Network (TMSN) has put in place mechanisms verified by InterFi Network to help prevent such problems. With all these novel initiatives, TMS Network (TMSN) has, in a short while, attracted thousands of investors to its presale, which has offered a return of 700% with just one stage completed.
Having outperformed more prominent competitors like Shiba Inu (SHIB) and TRON (TRX), TMS Network (TMSN) will always be an attraction for traders and investors because money flows towards exceptional value like the one it offers.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a well-known memecoin in the crypto ecosystem that has recorded impressive market gains in the past. Shiba Inu (SHIB) has a cult following, with fans that are loyal to the project, despite a decline in market price.
When Shiba Inu (SHIB)’s market price was mooning during the market boom of 2021, it was happening in tandem with the rise of Dogecoin (DOGE) from 1 cent to more than 70 cents. SHIB likely faced this spike because both cryptos use Shiba Inu dog logos.
Since the downward spiral of its predecessor, the Dogecoin (DOGE) has started, Shiba Inu (SHIB) hasn’t got any exciting updates that could spice up a rally going on. Although Shiba Inu (SHIB)’s developers promise regular updates, there is no use case to justify holding on to Shiba Inu (SHIB) for investors.
At this point, Shiba Inu (SHIB) is just used as a way for investors to play volatility, or momentum-driven rallies in the crypto market.
TRON (TRX)
TRON (TRX) is one of the most popular proof-of-stake blockchains because it allows investors to make cheap transactions, hosting many major stablecoin projects. TRON (TRX) also has an algorithmic stablecoin known as Tron’s USDD.
However, there are speculations that TRON (TRC) could be heading into a death spiral in a similar way as its algorithmic stablecoin project cousin, Terra (LUNA), because TRON (TRX) ecosystem is similar to Terra’s.
The Tron (TRX) network says its stablecoin is overcollateralized, the important thing is the reserve backing this token. Like other algorithmic stablecoins, USDD is backed by digital assets. Thus, if massive fluctuations take place in the market, investors believe what is similar to an over-collateralization now could in the real sense be an under-collateralization.
This has made TRON (TRX) lose popularity amongst investors.
In Conclusion
It has been demonstrated that amongst the discussed cryptocurrencies: TMS Network (TMSN), Shiba Inu (SHIB) and TRON (TRX), only TMS Network (TMSN) has a utility-focused ecosystem.
Little wonder that since its first phase of its presale, TMS Network (TMSN) has increased over 700%. Stage two of the presale is in full swing, with tokens selling for $0.038. It is pertinent to get in before it’s too late.
For more information about TMS Network (TMSN) or to get involved with the community, check out the links below.
Presale: https://presale.tmsnetwork.io
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Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetwork
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