TMS Network on the Rise: Presale Explodes While Fantom and Polygon Prices Dip Over 6%

Cryptocurrencies are known for their dynamic and volatile nature. Due to the high-level of speculation and high volatility, there are changes and updates in the crypto market at all times.

This article focuses on the latest update surrounding the continued skyrocketing presale rally of TMS Network (TMSN), and the price dip experienced by two major cryptocurrencies, Fantom (FTM), a rival to Ethereum (ETH), and Polygon (MATIC).

Bears take over as Fantom (FTM) experiences a price dip

Fantom (FTM) witnessed a price dip in the last 24 hours as the bears took over the market. Fantom (FTM) is a smart contract platform that functions on a layer-1 blockchain. As an alternative to Ethereum, Fantom (FTM) cites high transaction speeds accompanied by low transaction costs, the lack of which is often a complaint among Ethereum users. Fantom (FTM) provides decentralized finance (DeFi) services to its users. Fantom (FTM) is known for its ability to balance three key components expected from a blockchain platform, namely, decentralization, scalability, and security. The Fantom (FTM) ecosystem is based on two technologies: the Lachesis protocol and Opera.

Though Fantom (FTM) is often considered a competitor to Ethereum, it does not offer anything different from Ethereum's existent rivals, such as Solana (SOL). In the last 24 hours, Fantom (FTM) was down by 0.8%, and is currently priced at $0.4507.

Polygon (MATIC) is showcasing a downward trend

Polygon (MATIC) is not performing according to investor expectations even after its much-awaited zkEVM protocol went live.

Polygon (MATIC) is a cryptocurrency popular for its scalability. Polygon's (MATIC) key feature is that it allows blockchain networks to connect, leading to increased scalability. Polygon (MATIC) is a layer 2 solution, which is dependent upon Ethereum (ETH). Thus, Polygon (MATIC) may be affected by Ethereum's (ETH) weaknesses. A user can interact with Ethereum tokens within Polygon (MATIC), and withdraw them back into the main chain, i.e. Ethereum.

However, despite a major update, Polygon (MATIC) has witnessed a price decline of 2.73% in the past week. Polygon (MATIC) is currently being traded at $1.08, and has experienced a decline of 2.74% in the last 24 hours.

TMS Network (TMSN) continues to attract investors

TMS Network (TMSN) has been showcasing spectacular performance through its ongoing presale. TMS Network (TMSN) is a decentralized trading platform that utilizes cutting-edge technology that is bound to alter the world of crypto trading. TMS Network (TMSN) aims to provide transparency and efficiency to users with the help of decentralized blockchain technology. One of the key features of TMS Network (TMSN) is its capability of providing traders with a diverse pool of derivatives to trade, which includes stocks, forex, CFDs, etc. TMS Network (TMSN) also aims to increase investor education by providing educational content, and analytical tools on the platform.

The first presale round of TMS Network (TMSN) has shown impressive results with a collection of $500k. Investors are optimistic about TMS Networks' (TMSN) performance, which can be observed from the surge in demand for TMS Network (TMSN), and its continued explosive performance in the second round of presale. TMS Network (TMSN) has showcased growth of 1400%, and is currently priced at $0.060.

Conclusion

The market has shown a bearish outlook. Fantom (FTH), a supposed rival for Ethereum (ETH), has shown a price fall of 0.8%. Whereas Polygon (MATIC), a cryptocurrency designed to make Ethereum a multi-chain system, has witnessed a price decline of 2.74% despite a major update. TMS Network (TMSN) continues with its impressive presale rally, making it a desirable crypto investment option. Due to its explosive performance in the presale, TMS Network (TMSN) has gathered the attention of whales.