2022 was a truly terrible year for cryptocurrency investors. First of all, the Terra/LUNA crash wiped out billions, and the FTX fiasco cost billions more later in the year. Now that the market is recovering in 2023, investors want to recoup as much money as possible. That means they’re a lot pickier than they were in the past. This has implications for TMS Network (TMSN), Optimism (OPT), and Polygon (MATIC).
Optimism enjoyed a real surge in trading activity at the end of February 2023. The market jump is being attributed to some serious technological upgrades announced by Optimism (OPT) in February. For example, Optimism has been chosen by Coinbase to power a new Ethereum 2-layer solution known as ‘Base’. On top of this, Optimism announced that they were focusing on unifying multiple L2 solutions into a single unit called ‘Superchain’. There has been a swelling of Optimism user numbers since these announcements leading to a 143% increase in user fees on the Optimism network.
With central banks worldwide committing to launching CBDCs, Polygon is one of the beneficiaries. Several digital banks are also getting in on the act. In the last few weeks, Polygon teamed up with Nubank, a Brazil-based digital bank, to launch a cryptocurrency coin called ‘Nucoin.’ As Nubank has some 70 million customers, this is excellent news for MATIC. The Polygon blockchain was used to develop the new coin.
The price of Polygon has fallen back a little this week, but the higher profile for Polygon due to this Brazilian connection should reap dividends in the future.
TMS Network (TMSN)
TMS Network (TMSN) is a new player in the market, but they have hit the ground running. TMS Network (TMSN) is an online trading platform that changes the digital trading game by enabling its users to trade a wide range of digital assets as well as cryptocurrencies. This is ground-breaking and not offered by any other trading platforms.
Additionally, TMS Network (TMSN) is an educational resource. The team behind TMS Network (TMSN) is serious about attracting traders to their platform. So TMS Network (TMSN) offers guides, video courses, and webinars for members to learn about finance and trading, even if they are complete newbies.
TMS Network aims to be a serious player and the signs are already there for them to be one. They have just completed phase 1 of their presale, during which they sold out the complete allotment of TMSN and raised $500,000 in capital. That indicates that investors are also taking TMS Network (TMSN) very seriously.
Investors were badly burned back in 2022 and don’t want to be burned again. That’s why they are turning to investments with ‘legs’, i.e., real-world utility and the potential for growth and longevity. Optimism (OPT) is a decent coin, and Polygon (MATIC) is ticking along nicely, but its TMS Network (TMSN) that is most likely to give early investors those big returns.