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Silicon Valley Bank's dramatic failure recently sparked interest among traditional investors to switch to the Web3 space, where they can invest in the decentralized future. Moreover, decentralized trading platforms specializing in more than just cryptocurrency trading, such as TMS Network (TMSN), gained significant appeal.
With the recent decrease in competing projects like Avalanche (AVAX) and Polkadot (DOT), many have looked at presale-stage projects to experience the most significant growth. We will go into each project individually to see how they perform.
The Avalanche (AVAX) network is an open-source platform used to launch Decentralized Finance (DeFi) applications and other interoperable and scalable deployments. The utility cryptocurrency behind Avalanche (AVAX) is used for Peer-to-Peer (P2P) transfer of value, staking, the payment of operations, and the creation of new blockchains and subnetworks.
On May 18, 2023, Avalanche (AVAX) introduced their Avalanche X-Chain Explorer. This major Avalanche (AVAX) upgrade allows anyone to analyze all X-Chain activities, including transactions, assets, UTXOs, blocks, and more.
As of May 19, 2023, the Avalanche (AVAX) cryptocurrency trades at $14.73. In the last 30 days, Avalanche (AVAX) saw a significant decrease in its value by 24.5%. In the last 24 hours alone, Avalanche (AVAX) dipped by 2.2%, and it is clear that the altcoin is in the red zone, worrying investors.
The Polkadot (DOT) is a sharded network that enables cross-chain communication and interoperability. Polkadot (DOT) is split across its Relay Chain, Parachains, and Bridges. The utility cryptocurrency, Polkadot (DOT), is used for governance, staking, bonding, and fees.
Polkadot (DOT) published the OpenGov report on May 17, 2023, where they went over how they updated the Polkadot (DOT) Wiki, featuring a comparison table between Governance V1 and OpenGov, alongside detailed information on the track structure, approval, and support, and a lot more. The Polkadot (DOT) team also announced the Polkadot Decoded event that will take place from June 28 to June 29, 2023, in Copenhagen, Denmark, and online.
Participants will be able to learn from experts and explore the latest innovations of the blockchain. On May 19, 2023, Polkadot (DOT) traded at $5.36. In the last 30 days, the cryptocurrency decreased by 16.7% and is on a downward trend.
TMS Network (TMSN) is being developed as a decentralized platform that will provide an all-in-one solution that can revolutionize the traditional trading industry. Built on top of Ethereum, the TMS Network (TMSN) will solve many issues in the current trading space, such as limited availability, mandatory account creation processes, and lack of privacy.
As a result, TMS Network (TMSN) will provide a seamless, open experience where users will not be required to deposit FIAT currencies and will not need to create a separate account to use the platform. Users can just connect their cryptocurrency wallet and begin trading immediately.
On top of TMS Network (TMSN), users can trade cryptocurrencies, and even forex, CFDs, futures, and much more. The TMS Network (TMSN) platform will also implement social tracking features, where those unfamiliar with the Web3 space can copy what successful traders are doing and will even add support for MT4 and MT5.
Holders of the native TMS Network (TMSN) cryptocurrency will also get a commission based on the trading volume generated on the platform. The TMS Network (TMSN) token trades at just $0.093 during its current stage 4 presale period with a 50% bonus on any purchases. Analysts predict that the cryptocurrency can climb in value to $2.20 by the end of December 2023, making it a solid investment opportunity.
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
