One of the key features of the crypto market is the sheer competitiveness of cryptocurrencies. Cryptos constantly outperform each other, and sometimes underdogs end up stunning the market when they outclass already-established tokens.
Taking a closer look at the current events in the crypto markets, we can see TMS Network (TMSN), a newly launched cryptocurrency, has outperformed the well-established Cosmos (ATOM) and Polkadot (DOT).
TMS Network (TMSN)
TMS Network is a user-centric layer 2 solution built on the Ethereum network. As an L2 network, TMS Network (TMSN) capitalizes on the problems on the Ethereum network, offering solutions to supersede its parents. Designed to be a cutting-edge platform, TMS Network offers a seamless and secure trading experience by leveraging decentralized technology.
TMS Network facilitates price aggregation as traders can place a single order for similar instruments on different exchanges using tier 1 banks and brokers. Accordingly, TMS Network (TMSN) allows users to leverage arbitrage trading opportunities by granting access to trading signals indicating opportunities to profit from price differences.
Despite being a new addition to the crypto space, TMS Network (TMSN) has set an unbeatable record with its performance. TMS Network opened the presale floor trading at $0.0047 and moved to $0.036. TMSN is trading at $0.08, an over 1600% increase raking in over $4.0 million in generated revenue.
Cosmos is a system of blockchains that is highly scalable and facilitates interoperability. Cosmos (ATOM) aims to build an Internet of Blockchains that will enable blockchains to preserve their independence, communicate with one another and the rest of the ecosystem, and process transactions quickly—making Cosmos ideal for a variety of use cases.
With a market cap of $3,609,554,955, Cosmos has struggled to maintain an upward trend in the market. Cosmos (ATOM) opened the year trading at $12.2, dramatically increasing to $15.8. However, Cosmos could not maintain this trend as it plummeted to $10.55. Again, ATOM moved up to $13.8 but could not sustain this.
While Cosmos struggled to stabilize the market, TMS Network grew massively, recording 2240% growth in terms of profit. After being crushed by TMS Network, Cosmos is currently trading at $12.60 as it continues its search for stability.
Polkadot is an open-source multi-chain protocol that protects networks of blockchains and enables cross-chain transactions. In its blueprint, Polkadot (DOT) is created to serve as a bedrock for web3 products. Polkadot’s (DOT) native token DOT is used for staking and security, governance, and bonding tokens that connect parachains.
With a market cap of $7,934,915,325, Polkadot (DOT) opened the year trading around $5.76, and it has struggled to keep its head up high. From $5.76, Polkadot went as high as $7.6. However, DOT could not sustain this move as it plummeted drastically, which saw it at $5.1.
When Polkadot price fluctuated during this period, TMS Network recorded a steady and exponential increase, trading at $0.05 from 0.0047- its presale opening price. Polkadot currently trades at $6.74 as it seeks to embark on a bullish run.
In the competitiveness of the crypto market, TMS Network (TMSN) has exerted its dominance on both Cosmos (ATOM) and Polkadot (DOT), crushing them with a 2240% profit growth. It’s the token everyone’s watching just now – and savvy investors would be wise to look into it themselves.