Fortunes have been both created and lost in the cryptocurrency world. It’s the same old story that everyone has heard before from the more traditional stock and commodities markets. It goes back not just decades but centuries. The mechanics may be different now and it is also much easier to invest and speculate than it ever was before, but to prosper you need to choose the right vehicle. A good place to start would be TMS Network (TMSN). But can Solana (SOL) and Avalanche (AVAX) keep up?
Solana (SOL) has long been a staple of the cryptocurrency market. But they’ve been having a lot of technical issues lately. For holders of Solana (SOL) it is all too reminiscent of 2022 when the platform was dogged by technical problems. In this last week, Solana (SOL) had to call in the fixers after a glitch basically shut down all trading.
The Solana (SOL) blockchain even started forking and the transactions dropped off a cliff. The troubles caused Solana (SOL) to actually freeze all transaction activity on their blockchain. Solana (SOL) will survive but the market will take a dim view if these problems keep occurring.
The guys over at Avalanche (AVAX) have been very busy this year. Since the beginning of the year, Avalanche (AVAX) have been forging partnerships with several high-profile players in order to boost their own standing. In January 2023, Avalanche (AVAX) hooked up with no less than Amazon AWS to promote blockchain for businesses and the public sector agencies.
Towards the end of February, Avalanche (AVAX) announced a collaboration with Loco, the streaming platform based in India which will see Avalanche (AVAX) rolling out an NFT and gaming marketplace. All this activity has led to a surge in Avalanche (AVAX)’s social metrics which is a decent proxy for market sentiment.
TMS Network (TMSN)
TMS Network (TMSN) is shooting for the stars. TMS Network (TMSN) is creating an exchange platform upon which traders can trade crypto and a host of other digital assets such as CFDs, equities and even fiat currencies (known as ‘FX’). TMS Network (TMSN) is building a one-stop shop for all your trading needs.
The strapline of TMS Network (TMSN) is “built by traders for traders.” TMS Network (TMSN) have made good on that promise. The TMS Network (TMSN) exchange is way more than a trading place. It also carries education resources for traders such as video courses and webinars. TMS Network (TMSN) wants their members to succeed. In addition, TMS Network (TMSN) offers its members on-chain analytical tools, trading bots, portfolio management, a straight-through purchase facility and much more.
TMSN, a governance coin, is currently available in phase 1 of TMS Network’s presale and experts are predicting that the price could increase by as much as 100x by the time the presale ends.
Both Solana (SOL) and Avalanche (AVAX) have been around long enough to be fixtures in the crypto marketplace and TMS Network (TMSN) is the new kid on the block. But it is TMS Network (TMSN) that is likely to head for the moon this year.