As the crypto industry continues to mature and evolve, more investors and traders seek to gain exposure to the dynamic and volatile crypto assets. In this article, we will take a closer look at three such assets: TRON (TRX), Polygon (MATIC), and TMS Network (TMSN).
TRON (TRX) Faces Bearish Momentum Despite Recovery in the Bullish Trend Zone
TRON (TRX) is making significant strides towards blockchain adoption. Its efforts to establish the Dominica Metaverse, and implement the Dominica Digital Identity (DDID) and Dominica Coin (DMC) programs are a testament to its commitment to transforming everyday life through blockchain technology.
TRON’s (TRX) native tokens have been recognized as legal tender in the Commonwealth of Dominica, which has helped to strengthen its position in the cryptocurrency market. However, despite the bullish momentum, TRON (TRX) faces resistance at $0.070, which it has failed to break through since February. If the cryptocurrency fails to break through this resistance level. TRON (TRX) risks falling to a low of $0.060.
Despite the recent setback, TRON’s (TRX) recovery is evident as it reaches the bullish trend zone at level 53 of the Relative Strength Index for the 14-period. This indicates that TRON (TRX) has the potential to rise further if the price remains above the moving average lines. However, TRON (TRX) faces a bearish momentum below the 80 mark of the daily stochastic, which could lead to a decline.
Investor Concerns Surrounding Polygon’s (MATIC) Sustainability
Polygon (MATIC) is a Layer-2 (L2) scaling solution that addresses Ethereum’s throughput issues and high fees. Though Ethereum has successfully transitioned to proof-of-stake (POS), and upgraded its network, some investors remain concerned about the long-term sustainability of the Polygon (MATIC) ecosystem. To face the crypto winter, Polygon (MATIC) underwent a restructuring exercise that resulted in almost 20% of its team being laid off. Polygon (MATIC) cited this as a necessary move, in spite of raising more than $450 million in a single funding round. This has raised questions about Polygon’s (MATIC) financial stability and future plans, at a time when the company cannot afford such doubts.
Despite these concerns, Polygon (MATIC) remains a popular choice for developers due to its Proof-of-Stake consensus mechanism, which enables faster and cheaper transactions on the Ethereum network. Polygon (MATIC) also allows developers to create decentralized applications (dApps), further bolstering its appeal as a preferred platform for Ethereum-based projects. As of the time of writing, Polygon (MATIC) price is $1.21, with a 24-hour trading volume of $453,884,995, and it holds the #8 ranking on CoinMarketCap.
TMS Network (TMSN) Generates Enthusiasm Among Traders with New Platform
The launch of TMS Network’s (TMSN) new platform has been a game-changer for the trading industry, generating a lot of excitement among traders. With its decentralized platform, TMS Network (TMSN) has revolutionized trading by allowing for instant deposits and withdrawals. Moreover, as a blockchain-based platform, TMS Network (TMSN) is committed to providing a secure trading environment for all users. The recently concluded stage 1 of the presale exceeded expectations, generating over $500,000, which is a testament to the enthusiasm and confidence traders have in the platform. The revenue-sharing model adopted by TMS Network (TMSN) promises to be a lucrative opportunity for token holders as trading volume continues to grow. Industry experts predict that TMS Network (TMSN) is on track to become the next 100x token by early 2023. At present, TMS Network (TMSN) is priced at $0.038 during its second presale stage, having already experienced an impressive 12x gain from the initial price of $0.003. With the second presale phase ongoing, the price of TMS Network (TMSN) is expected to continue rising. The future looks bright for TMS Network (TMSN) as it continues to innovate and push the boundaries of decentralized trading.
For more information on TMS Network (TMSN) please see the links below:
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
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.
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