For many crypto investors that are frustrated by the indecisive movement of the crypto market, TMS Network (TMSN) has offered a rare respite for several months. Even through the turbulent markets, TMS Network (TMSN) remained in the green. In fact, TMS Network (TMSN) outshined every major crypto by delivering 300% gains in a matter of weeks. Now, as the market is witnessing a broad uptrend, TMS Network (TMSN) has surged like never before. TMS Network (TMSN) posted a 67% appreciation in price on Thursday, right after delivering 49% gains on Wednesday. Industry observers are dumbfounded by TMS Network’s (TMSN) performance, especially because Optimism (OP) and Solana (SOL) are falling hard on their faces.
TMS Network (TMSN)
As a recently-announced decentralized exchange, TMS Network (TMSN) is currently hosting an ICO that is shaping up exceptionally well. While TMS Network (TMSN) already achieved its soft target of $3 million fundraising for the project, it has gone on to generate over $6 million from investors. Now, TMS Network (TMSN) is rushing towards its hard target of $12 million funding. While its persistently high returns have already won the hearts of long-term investors, swing traders are also now attracted by the possibilities offered by TMS Network (TMSN).
Since TMS Network (TMSN) is the first DEX to support trading of forex and equities on its platform, its launch is one of the most awaited events of the year. TMS Network (TMSN) also supports over 500 cryptocurrencies and an unknown number of CFDs on its platform. Thanks to the anonymity, privacy, and transparency offered by TMS Network (TMSN), the project is going strong.
Solana (SOL)
Solana (SOL) cannot seem to catch a break from bad news. The aftermath of the FTX crash had left the cryptocurrency down by 95%. Solana (SOL) struggled and took a long time to go on an uptrend, only to be hit by more bad news.
The US Securities & Exchange Commission (SEC) has slapped a lawsuit on Coinbase and Binance for illegally trading securities. Sixty-eight different crypto assets appear on the list of securities published by the SEC, and Solana (SOL) is one of them. If proven to be a security, it will become illegal for exchanges to list Solana (SOL).
It will make it difficult for traders to trade in Solana (SOL). Consequently, traders are looking to exit their positions in Solana (SOL) and invest in other crypto assets that aren’t likely to be banned by exchanges.
The price of Solana (SOL) has reacted badly to the development and dropped to $16.6. In just one month, the price of Solana (SOL) has dropped by more than 25%, and it is expected to go even lower. In the ongoing bear market, it will be a real challenge for bulls to protect the support levels for Solana (SOL).
Optimism (OP)
Optimism (OP) is a layer-2 Ethereum solution that uses optimistic rollups to make Ethereum (ETH) blockchain scalable. The token has been trading red for the past couple of weeks. It had breached support levels to reach a low of $1.07 last week. While Optimism (OP) managed to pull itself above the support levels, it barely maintains its current price levels.
Optimism (OP) is a scaling solution for Ethereum (ETH) in a market flooded with scaling solutions. So, it has a lot of competition, which keeps its price from registering multi-fold growth. Moreover, there has been no impressive development on the chain that can help Optimism (OP) get an advantage over its competition in the near future either.
Optimism (OP) is trading at $1.3, which is quite close to its support price of $1.39. The current bear market will not help the case of Optimism (OP), which is slated to dip lower than support levels again.
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
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.