TMS Network (TMSN) has been on a dream run, tripling its investor capital in as many weeks. On the other hand, Polygon (MATIC) and Solana (SOL) have struggled to maintain their respective positions in the crypto market. Their prices have not shown any sizeable upward movement even when cryptos like TMS Network (TMSN) register near-vertical growth.
Polygon (MATIC) Slips from #10 to #13 In Crypto Rankings
After a brief rally alongside the crypto market, the price of Polygon (MATIC) has fallen around 3% to $0.64. This is a significant decline when compared to Polygon’s (MATIC) competitors in the market. So, the ranking of Polygon (MATIC) has dropped from #10 to #13 among the largest cryptocurrencies in the world.
What makes matters even worse is that the price drop comes after Polygon (MATIC) Labs has been churning out multiple improvements for the Polygon (MATIC) chain. In just a week, Polygon (MATIC) Labs has introduced the Polygon zkEVM validium transformation and a ChatGPT-powered chatbot called Polygon Copilot.
It looks like investors are not positive about the future of Polygon (MATIC). The weak price movement is also a result of the now-defunct crypto lender Celsius gearing up to sell its investments that include $52 million worth of Polygon (MATIC). This exceeds the delisting of Polygon (MATIC) after being named as a security in the SEC lawsuit against major crypto exchanges.
For now, Polygon (MATIC) will stay under bearish pressures as investors have discovered better opportunities like TMS Network (TMSN).
Solana (SOL) & Its SEC Troubles
Solana (SOL) has been falling in price since the beginning of the month. The lawsuit filed by US Securities & Exchange Commission (SEC) against Binance and Coinbase names Solana (SOL) as a security. After this move, Solana (SOL) was delisted by Robinhood to prevent a clampdown by SEC. Such delisting makes it difficult for traders to buy or sell Solana (SOL), which reduces its price.
Solana (SOL) has already been plagued by network outages and hacking incidents that have created a negative sentiment about the token in the market. But, with the latest SEC lawsuit, Solana (SOL) is looking at a major botch on its reputation.
No wonder the price of Solana (SOL) has not gone up even after a recent rally in the broader crypto market. It has constantly traded below the $17 mark.
TMS Network (TMSN) on an Impressive Streak
TMS Network (TMSN) is a decentralized exchange that allows users to trade in multiple asset classes, including CFDs, forex, and equities, among other assets. The MetaTrader compatibility of the DEX makes it easier for traditional traders to make a transition from tradFi exchanges to DEXs. Not to mention, the autonomy and transparency of the DEX have added to its allure.
The collapse of a centralized exchange, FTX, and the current SEC lawsuit against centralized exchanges like Binance and Coinbase have made a DEX such as TMS Network (TMSN) even more attractive.
The diverse nature of the DEX has generated a lot of interest among crypto investors who have lined up for its presale sessions. The stage 1 presale of TMS Network (TMSN) kicked off with the token priced at $0.025, which has now grown to $0.12 in the latest stage 4 presale. The network has raised over $6 million and is well on its way to raise millions more.
Experts believe that TMS Network (TMSN) will continue to grow at a similar pace. It is expected to grow another 3,000% after its launch.
For more information on TMS Network (TMSN):
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io
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