The most experienced cryptocurrency traders and investors will know that diversification plays a major role in the overall health and maintenance of a cryptocurrency portfolio.
With over 23,000 cryptocurrencies to pick from as of March 2023, there is a huge list of options available. The most notable examples, however, are Maker (MKR), NEM (XEM), and TMS Network (TMSN), and today, we will go over each project individually to see what makes them unique in their own way.
Maker (MKR)
Maker (MKR) is the native cryptocurrency utilized behind the Maker Protocol. What this means is that Maker (MKR) is used to power the Decentralized Finance (DeFi) project and lets users leverage assets to generate the Dai (DAI) stablecoin.
The Maker (MKR) cryptocurrency fills the role of governance, where holders get access to votes on the development of the protocol.
As of March 25, 2023, the Maker (MKR) cryptocurrency was trading at a value of $669.72. The all-time high of Maker (MKR) occurred on May 3, 2021, when it reached a value of $6,292.31.
Here, we can see that Maker (MKR) is trading at 89.36%, under its all-time high.
With this in mind, while Maker (MKR) might have caught some attention, other cryptocurrencies such as NEM (XEM) and TMS Token (TMSN) are also being considered.
NEM (XEM)
NEM (XEM) stands for New Economy Movement and is a cryptocurrency that has been developed to help establish a new framework based on decentralization, economic freedom, and equality.
This means that NEM (XEM) was built to enable anyone to easily manage assets and data whilst also avoiding many of the expenses in doing so with centralized alternatives.
NEM (XEM).
As of March 25, 2023, the NEM (XEM) cryptocurrency was trading at a value of $0.03915763
The all-time high of the NEM (XEM) cryptocurrency was on January 7, 2018, at a value of $1.87.
With the performance behind NEM (XEM), it is yet another viable option for diversification. However, another cryptocurrency has grabbed the most attention with its presale.
TMS Network (TMSN)
TMS Network (TMSN) is another cryptocurrency that can help diversify a portfolio. The TMS Network (TMSN) is being developed to establish a top-tier platform that can be utilized by millions on a global scale.
It is the first-ever blockchain-based trading platform that enables anyone the ability to trade stocks, forex, CFDs, and any other derivative through the usage of cryptocurrencies directly.
This means that they are not required to connect their cryptocurrency wallet.
The TMS Network (TMSN) token carries a high utility level, as anyone can access trading tools with it and get a commission fee for every trade on the platform.
TMS Network (TMSN) also supports social trading features, such as copytrader, as well as supporting MT4 and MT5 Expert Advisors.
TMS Network (TMSN) is undergoing Stage 2 of its presale, where it is offered at a value of $0.041.
With the recent momentum of the overall blockchain space and the technology that TMS Network (TMSN) brings, analysts predict that it can climb to $2 by the end of Q4, 2023.
With this in mind, TMS Network (TMSN) provides a unique opportunity for traders and investors to get engaged with the early stages of a project that can become a dominant force in the Web3 space.
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.
