As centralized banks are failing and collapsing, and the inflation rates have not been stable, many investors and traders are diversifying their holdings by getting into blockchain-based projects that can potentially provide them with more value.
One of the key projects that have gathered a high level of attention is TMS Network (TMSN), and today, we will see how it compares to other well-established projects, including GMX (GMX) and Convex Finance (CVX), to see what kind of growth-potential it has.
GMX (GMX)
GMX (GMX) is a decentralized exchange (DEX), and was built to enable users an opportunity to trade popular cryptocurrencies from crypto wallets directly.
As for its native cryptocurrency, GMX (GMX), it is utilized for staking, as a protocol fee, and for governance. Some of the key components behind the GMX (GMX) project include the spot and perpetual DEX, price feeds, escrowed GMX (esGMX), GLP, and referrals.
As of April 18, 2023, the GMX (GMX) cryptocurrency was trading at $85.26. Its all-time high was on March 18, 2023, at $85.95. When we review GMX (GMX)’s recent performance, in the last 30 days, the cryptocurrency increased by 10.3%. In the last 24 hours, GMX (GMX) increased by 6.9%.
Aside from GMX (GMX), investors and traders are also eyeing Convex Finance (CVX) and TMS Network (TMSN).
Convex Finance (CVX)
Convex Finance (CVX) is a yield optimizer that was developed on top of Curve Finance. In other words, the main functionality behind Convex Finance (CVX) is to increase the earnings a user might have.
This occurs through the optimization of the gauge voting at Curve Finance, for CRV distribution, without the requirement for users to operate or decide on that platform directly.
The native cryptocurrency, Convex Finance (CVX), is used for staking, liquidity mining, and voting.
The Convex Finance (CVX) project has numerous elements. The most notable out of them include the vote-escrowed CRV, and boosting functionalities.
As of April 18, 2023, the Convex Finance (CVX) cryptocurrency was trading at $6.03. Its all-time high was reached on January 1, 2022, at a value of $60.09. In regards to its recent price movements, Convex Finance (CVX) saw an increase in its value by 8% in the last 24 hours.
As of the last 30 days, the value of Convex Finance (CVX) is up by 3.9%. In the last 14 days, Convex Finance (CVX) has been up by 8.4%. It is clear that Convex Finance (CVX) is in the green, but it is not the only cryptocurrency to showcase such momentum.
TMS Network (TMSN)
TMS Network (TMSN) is a decentralized platform. It is being developed with the intention of opening access to users across the globe to any derivative. This means that they can begin trading futures, forex, CFDs, and much more.
To begin using TMS Network (TMSN), all users need to do is to connect their cryptocurrency wallets, after which they can begin making trades for any derivative. These are available without a requirement tied to creating a separate account in order to use the TMS Network (TMSN) platform.
Other features behind TMS Network (TMSN) include a copy trader feature and support for the integration of MT4 and MT5.
As for the native token behind the platform, TMS Network (TMSN), it has a wide range of use cases, from governance to accessing advanced trading tools, and getting commissions from all trades made on the platform.
TMS Network (TMSN) is built on top of Ethereum, and it is currently at its second presale stage.
At this stage, TMSN is offered at $0.078. Analysts predict it the token has the potential to climb to $2 by the end of Q4. 2023, and any investor or trader curious about jumping into it in the early stages can do so at the links below.
Find more about TMS Network here:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
