Stepping into the crypto spotlight: TMS Network dwarfs Shiba Inu & Cosmos
In its competitiveness, the crypto market sees the times and seasons of cryptocurrencies. In this time and season, certain cryptos take center stage for some time while others are behind the stage.
In this light, TMS Network, through its consistent bullish move, has gained traction in the crypto space, putting cryptocurrency in the spotlight. At the same time, Shiba Inu (SHIB) and Cosmos (ATOM) are struggling in the market, going under the radar as TMS Network (TMSN) continues to thrive.
TMS Network (TMSN)
TMS Network is a layer 2 network built on the Ethereum network. One core focus of TMS Network is to proffer solutions to traders’ challenges in the crypto space. In doing this, TMS Network (TMSN) gives traders advanced tools and features that will assist them in taking risks effectively and making savvy decisions.
TMS Network has also established itself as a highly scalable platform as it facilitates high-volume transactions seamlessly, accommodating growth in trading volume and number of users. Leveraging its decentralized nature, TMS Network (TMSN) gives a sense of ownership facilitated community trading among token holders.
Since its inception, TMS Network has been on a gradual but consistent crusade, putting itself in the spotlight through its price actions. Opened its presale at $0.0038, TMS Network has risen significantly among existing cryptocurrencies to trade at $0.093, an over 1700% increase in the token’s value. This feat is also accompanied by TMS Network’s $6 million raised.
Shiba Inu (SHIB)
Shiba Inu is an Ethereum-based cryptocurrency (ERC-20) named after the Japanese dog breed. At launch, Shiba Inu was referred to as a contending alternative for DOGE, which earned it the name DOGE-killer. Shiba Inu (SHIB) seeks to replace Dogecoin’s Srypt-based mining algorithm with an Ethereum-based alternative.
Shortly after its debut, Shiba Inu’s price soared high, trading as high as $0.00008845. However, Shiba Inu could not sustain this as it plummeted massively. Early 2023, Shiba Inu (SHIB) traded at $0.000013, from which it plummeted massively, going as low as $0.0000101. This decline went further, which traded Shiba Inu around $0.0000087.
With Shiba Inu’s over 30% decrease, it has gradually faded from the cryptocurrency spotlight. Within the same period Shiba Inu was plummeting, TMS Network launched its presale, thriving greatly in the market with an over 1700% increase in value, keeping it in the spotlight.
Dubbed the internet of blockchains, Cosmos is a decentralized network that facilitates the interoperability of blockchains. In achieving this, Cosmos (ATOM) created a web of crypto networks bonded by open-source tools that facilitate transactions and building. In securing the whole network, Cosmos uses Tendermint Byzantine fault tolerance (BFT) as a security protocol.
Examining Cosmos’s performance in the market, Cosmos has been on a consistent bearish move. Cosmos opened the year trading around $14, from which it plummeted, going as low as $10.42. From this point, Cosmos (ATOM has fluctuated between $13 to $10 finding its bearing.
Currently trading at $10.49, Cosmos (ATOM) has continued to search for strong ground in the market as it gradually disappears from the spotlight. As Cosmos departs from the spotlight, TMS Network continues to wax stronger garnering a profit of $6 million, solidifying its seat in the spotlight.
It has been proven beyond doubt that TMS Network is way ahead of its peers in the crypto ecosystem. The rise of TMS Network (TMSN) in the market has pushed it to the spotlight, overshadowing the struggling Shiba Inu (SHIB) and Cosmos (ATOM).