The phenomenal rise of TMS Network: Leaving exchange tokens OKB & Cronos in the dust
It has become a habit in the crypto space for cryptocurrency exchanges to issue their native token. Binance, KuCoin, OKEx, and others have exemplified this. These native tokens are expected to soar in the crypto market, leveraging the leading horse of their fount.
However, the recent outlook of the crypto market has neutralized these expectations. Included among these exchange’s native tokens are OKB and Cronos (CRO). The duo has been left in the dust by TMS Network (TMSN), a developing innovation in the crypto space.
TMS Network (TMSN)
TMS Network is a user-focused layer 2 Ethereum solution. TMS Network (TMSN) offers seamless transactions by providing fast and efficient processing of transactions. TMS Network offers a crystal view of its operations and processes, including real-time data, analytics, and transparent and secure smart contracts.
TMS Network (TMSN) allows traders to trade cryptocurrency, equities, FX, and CFDs. Solving community engagement problems, TMS Network is developing an international multi-language network where traders and investors can exchange knowledge and information.
Since the unveiling of its Presale, TMS Network has performed above expectations, recording a 963% increase in the TMSN token. It opened its presale floor trading at $0.0047, and since then, it has been on a steady increase, recording a phenomenal rise in value, seeing it trade at $0.05.
OKB is the native token of the Maltese crypto exchange, OKEx, launched by the OK Blockchain Foundation. OKB is a utility token that gives holders access to special exchange features in OKEx. OKB is also used to foot trading fees and grant users access to voting and governance on the OK Blockchain.
Despite being affiliated with an illustrious crypto exchange, OKB has been sluggish and inconsistent in the crypto market. Starting in 2023, OKB traded at $27.4, and it made an astonishing move to trade at $57.7, its all-time high for the year. However, OKB could not sustain this as it plummeted, going as low as $38.7.
Currently, OKB is trading at $42.7. Within the same period, TMS Network has recorded an exponential increase, noting a 963% increase in its value. This is far greater than what OKB has recorded within the same time frame.
Cronos (CRO) is the native token of crypto.com, launched in the Cronos chain. CRO was launched to pitch cryptocurrency to boost personal control over money and protect users’ data and identities. Holders can stake Cronos to act as a validator in exchange for incentives.
Since the beginning of the year, Cronos has had a slow start. The year 2023 opened with Cronos (CRO) trading around $0.064, and from this point, it plummeted, going as low as $0.60; it’s an all-time low in 2023 so far. Trying to bounce off this, Cronos has been crawling back to the top.
CRO is trading at 0.068, a little improvement from its previous value. However, the little increment Cronos had recorded is nothing compared to that of TMS Network, which has left Cronos on a soul-searching mission.
Although both OKB and Cronos (CRO) stemmed out of notable cryptocurrency exchanges, they have struggled to rival TMS Network’s (TMSN) success in the crypto market. In addition, TMS Network has recorded a 2240% increase in its generated revenue.