After a disastrous 2022, the crypto market is finally on the up. Since the beginning of the year, Bitcoin (BTC) has seen over 60% gains, leading some to believe that a new bull market is on the horizon. Many look to altcoins as projects like Cosmos (ATOM) and Tron (TRX) have followed Bitcoin’s (BTC) lead. However, TMS Network (TMSN) offers a new investment prospect that has caught the attention of market participants after raising over $2 million in presale.
Cosmos is a project built to solve a problem unique to crypto. There is no way these chains can communicate directly with hundreds, even thousands of blockchains. Cosmos offers a solution by allowing blockchains to transfer tokens, send messages, and interact with each other. Although not a new concept, Cosmos (ATOM) is one of the more promising solutions.
An “internet of blockchains”, the Cosmos ecosystem is huge. However, there is a tokenomics problem. The ATOM token suffers from high inflation. This represents constant selling pressure as users receive high staking rewards and sell them, pushing the ATOM price down.
Although there are several suggested solutions to this issue, none have passed a DAO vote to date. The Cosmos (ATOM) ecosystem must solve this problem to remain competitive in an ever-evolving market.
Justin Sun, the creator of the Tron network, recently announced that he plans to become a crypto regulator. This comes after the US Securities & Exchange Commission (SEC) filed a suit against Sun for illegally promoting Tron. Justin Sun and his Tron involvement have been scrutinized over the years.
Tron (TRX) launched in 2017 through an ICO. This was despite Chinese authorities banning ICOs just days before Tron launched. Controversy is never attractive for a crypto project, especially those like Tron with a high-profile founder. The market moves quickly, and with newer projects like TMS Network (TMSN) launching, projects with questionable histories like Tron (TRX) often fall into irrelevancy.
TMS Network (TMSN)
Leveraging the security of Ethereum, TMS Network (TMSN) represents a new paradigm in decentralized exchanges. An expansive product, TMS Network offers an extensive range of tradable asset classes. Traders can get exposure to stocks, FOREX, crypto, and CFDs, all on-chain and in a fully self-custodial environment.
TMSN token holders can access additional tools to take their trading to the next level. Fully customizable trading bots, social trading, an in-house research station, and live on-chain data are included. As well as exclusive access to these tools, TMSN holders are entitled to share in the commission fees generated by the protocol.
The ongoing TMS Network presale has been hugely successful, raising over $2 million in phase one. Since the preseed round, TMS Network is up over 1400%. There is high demand for the product that TMS Network offers. With this level of interest, it is on a trajectory that savvy investors have found difficult to ignore.