Jumping into the blockchain space might seem difficult for many traders and investors, especially given that there are over 23,000 cryptocurrencies for them to pick from.
But those well-versed in the Web3 space know that following trends and the overall market narrative can be essential for discovering what projects can make it and which cannot replicate the same level of success.
Today, we will be looking at TMS Network (TMSN), a project that has gained a lot of attention in the Web3 space, and see how it performs when compared to more well-established projects such as BNB (BNB) and Axie Infinity (AXS).
BNB (BNB)
BNB (BNB) is the native cryptocurrency utilized across the Binance ecosystem and on the BNB Smart Chain (BSC). One of BNB (BNB)’s most notable features includes its auto-burn mechanism. BNB (BNB) offers other benefits on the Binance exchange, such as purchasing goods or services, paying transaction fees, or participating in token sales.
As of March 28, 2023, BNB (BNB) was trading at $310.84.
In the last 24 hours, BNB (BNB) decreased by 5.2%; in the last seven days, its decrease was 7.3%. In the last 30 days, however, BNB (BNB) did increase in value by 2.9%. The all-time high behind BNB (BNB) was on May 10, 2021, when it traded at $668.31, indicating that its latest value is far from its all-time high.
Axie Infinity (AXS)
Axie Infinity (AXS) is a game that enables players to earn rewards by contributing to the ecosystem and making skillful plays.
The Axie Infinity (AXS) project features a digital pet community, and players can buy creators known as Axies. These Axies can then get used to battle, explore, or breed with other Axies.
When we go over the value of the Axie Infinity (AXS) cryptocurrency, on March 28, 2023, it was trading at $8.04.
Within 24 hours, the Axie Infinity (AXS) cryptocurrency decreased by 2.5%. In the last seven days, Axie Infinity (AXS) decreased by 7.3%, and in the last 30 days, its decrease was by 18.1%.
The all-time high behind Axie Infinity (AXS) was on November 6, 2021, at $164.90, indicating that it is now trading 95.14% lower.
With this bearish outlook for Axie Infinity (AXS), investors and traders are eyeing alternative cryptocurrencies, such as TMS Network (TMSN).
TMS Network (TMSN)
Investors and traders who want to get the best overall return on a cryptocurrency look at altcoins that are undergoing their presale phase, and one such project is TMS Network (TMSN).
TMS Network (TMSN) is a project that can revolutionize the trading industry by providing a decentralized trading platform that provides traders with an unmatched level of freedom and decision-making. Through the utilization of the TMS Network (TMSN) platform, anyone will be able to trade just about any derivative, from forex, stocks, CFDs, and others, with just cryptocurrency payments directly.
Users do not need to create an account, and all they need to do is connect their cryptocurrency wallets to begin trading.
Some other advanced features that TMS Network (TMSN) includes are the copy trader feature, support for MT4 and MT5, low latency, and fast execution through proactive monitoring cloud-based solutions.
The TMS Network (TMSN) token is native to the platform and provides users access to advanced trading tools, and they can even earn a commission fee from every trade made on the platform.
TMS Network (TMSN) is currently undergoing Stage 2 of its presale, where it is offered at $0.046. Analysts predict that the cryptocurrency can climb in value to $2.20 by the end of December 2023, indicating that this token provides a unique opportunity for investors and traders who get into it early.
You can find out more about TMS below:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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Source: https://www.thecoinrepublic.com/2023/03/29/tms-network-pushes-forward-with-presale-as-bnb-and-infinity-dip-by-7-3/