TMS Network is the latest cryptocurrency to experience an impressive price surge, a jaw-dropping 1600%, signaling a growing interest in the platform. While Solana (SOL) and Avalanche (AVAX) are seeing modest growth, TMS Network (TMSN) unique features, including a user-friendly platform and the ability to trade a wide range of assets, have captured the attention of traders and investors around the world.
This article will explore Solana, Avalanche, and TMS Network recent performance and what sets it apart from other cryptocurrencies.
Solana (SOL)
Solana, a popular cryptocurrency with traders of all experience levels, recently experienced a new yearly high on April 17. However, despite the surge in price, Solana (SOL) failed to break out of its high range and fell considerably, causing concern for its future price. This setback is evident in the bearish candlestick created during the decline, and short-term six-hour chart readings align with this rejection, pointing towards a bearish trend.
Anatoly Yakovenko recently introduced Saga, a web-3 android phone, which has sparked renewed interest in Solana (SOL), with many speculating on how this release will affect its future price movement.
The daily timeframe technical analysis shows that the price of Solana (SOL) is currently moving between $20.50 and $26.00. Although SOL hit a yearly high of $26.00 on April 16, it has subsequently dropped and formed a bearish shooting star candlestick, signaling a bearish reversal. The Saga release could be a turning point for Solana, and investors are eagerly waiting to see how it will impact Solana’s (SOL) future performance.
Avalanche (AVAX)
After a difficult year in 2022, Avalanche is gearing up for a strong comeback in the market. Avalanche’s (AVAX) recent achievement of hitting one billion transactions on the chain has given it a much-needed boost.
A significant development quickly followed this milestone by partnering with retail giant Amazon. Surprisingly, Amazon has chosen to work with Avalanche (AVAX) over more established players like Ethereum, giving the project a huge vote of confidence by entrusting it to handle its smart contracts.
Currently, Avalanche ranks 14th on the list of cryptocurrencies by market capitalization, with a valuation of $5 billion. The coin had reached highs of around $140 before experiencing a dip, with the current price sitting at approximately $21.40. For Avalanche (AVAX) to reclaim its former highs, it would require an 8-10x surge in price.
Another area that Avalanche is focusing on is the gaming industry, which could be a catalyst for driving the coin’s value higher. With these promising developments, Avalanche (AVAX) is one to watch in the coming months.
TMS Network (TMSN)
TMS Network is more than just a crypto asset trading platform; its trading engine is specifically designed for derivatives trading. This unique capability allows TMS Network (TMSN) to support trading for virtually any hypothetical asset with a price ticker. With the user-friendly and non-custodial nature of the decentralized exchange, the goal is to make TMS Network the go-to platform for traders looking to quickly and easily swap between their positions.
One of TMS Network’s (TMSN) standout features is its commitment to educating new traders. The platform offers a range of resources, including an academy and trading lessons, making it an excellent option for those just starting in the world of asset trading. In addition, TMS Network boasts a social trading feature that allows users to track the trades of other users, learning from the best in the community.
With its innovative approach to asset trading and commitment to education, TMS Network (TMSN) is positioning itself as a top contender in the competitive world of decentralized exchanges.
To learn more about the TMS Network (TMSN) second presale phase, click on the links below:-
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
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