Crypto investors closed Tuesday on a triumphant note, with huge gains reported market-wide. Bitcoin posted an impressive 8% growth, which had a cascading effect on the rest of the industry. Stacks (STX), and Optimism (OP) were hovering around the 18% mark at the end of the day, while TMS Network (TMSN) witnessed a robust 37% gains in a single day. Analysts were dumbfounded to note TMS Network (TMSN) token volumes exceeding the token's market cap by several orders of magnitude, indicating frenzied buying activity.
TMS Network (TMSN) is a new decentralized exchange where investors can trade cryptos, CFDs, equities, and forex instruments. It's the first DEX to support fiat asset trading. While the launch of TMS Network (TMSN) is scheduled for a few months from now, its ongoing ICO has gone viral.
TMS Network (TMSN) has already raised over $6 million in funds and is rushing towards its hard cap of $12 million. Since it's a new crypto project, transaction volumes are expected to be low. However, TMS Network (TMSN) broke all expectations by witnessing record transaction volumes exceeding $0.5 billion.
TMS Network (TMSN) is currently priced at $0.12 in its ongoing stage 4 presale. Analysts expect TMS Network (TMSN) to grow by at least 5,000% within the next few months. So, interest in TMS Network (TMSN) has been skyrocketing.
Stacks (STX) is a new crypto whose fate is closely tied to Bitcoin (BTC). Stacks (STX) is a layer-2 blockchain for Bitcoin (BTC), which enables smart contracts and dApps compatibility for the latter's ecosystem. Bitcoin (BTC), despite the decentralized currency revolution it triggered, offers little more than transactional utility, unlike next-gen cryptos like Ethereum (ETH). Stacks (STX) attempts to equip Bitcoin (BTC) with modern features without hard forking it. With Stacks (STX), developers can build dApps and smart contracts that operate within the Bitcoin (BTC) ecosystem.
Tuesday's sharp increase in Bitcoin's value was met with an exaggerated positive response from Stacks (STX), as its price appreciated in double digits. Soon, Stacks (STX) was trending as one of the top-performing tokens among the large-cap cryptos.
Similar to Stacks (STX), Optimism (OP) too is a layer 2 blockchain, albeit for Ethereum (ETH) basechain. Optimism (OP) aims to make Ethereum (ETH) faster, cheaper, and more scalable. Optimism (OP) achieves its objectives by using optimistic rollups that batch together hundreds of transactions and execute them simultaneously. The transactions are executed and recorded on Optimism (OP) but secured on Ethereum (ETH). Thus, users get the proven security of Ethereum and the advantages of Optimism (OP), like speed, low transaction fees, and scalability.
Optimism (OP) has struggled to find its footing in an industry inundated with Ethereum (ETH) scaling solutions. Therefore, Optimism (OP) token has dropped below its launch price. Nevertheless, Tuesday's buoyant market pushed Optimism (OP) to a decent level. If Optimism (OP) maintains its momentum, it may break through its launch price and chart a bull run.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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