Crypto market volatility continues to rear during 2023 as early gains made by several established cryptocurrencies such as Polygon (MATIC) and Solana (SOL) have begun to row back in recent weeks, with both coins losing 10% value.
Meanwhile, the brand-new upstart social trading project TMS Network (TMSN) has already seen increases of 1700% during its presale event, which has investors flocking to the platform in their droves after raising $5.6 million so far.
Polygon (MATIC) is a seasoned and well-established player in the crypto world with its blockchain optimization solutions. Polygon (MATIC) delivers a powerful, versatile, and quick Ethereum scaling solution that improves Ethereum’s capability and creates a vast system of connected ERC-20-compatible blockchain networks.
While Polygon (MATIC) can boast plenty of experience, the platform isn’t immune to the many and varied threats looming. Indeed, with many new platforms providing similar solutions to Polygon’s high connectivity, the platform has to keep moving forward to fend off the threat from challengers.
These threats from similar projects are beginning to impact the price of Polygon (MATIC) as the game of cat and mouse continues unabated for supremacy in the layer-2 crypto sector. With Polygon (MATIC) a seasoned veteran in providing proven interoperability and scalability, it would take a brave soul to bet against the coin rebounding, but gains are likely to be held back by the increased competition in the sector.
Since launching its layer-2 sustainable blockchain solution in March 2020, Solana (SOL) has become a key player in the industry by leveraging its unique in-house consensus mechanism. By combining the widely-used proof-of-stake (PoS) protocol with its own proof-of-history (PoH) mechanism, Solana (SOL) is designed to be fast, scalable, and efficient. In short, a one-size solution to the challenges of using Ethereum’s layer-1 network.
After peaking at $259.96 in November 2021, competition in the layer-2 blockchain sector has increased significantly, with several new chains providing similar functionality to Solana (SOL). Indeed, Solana (SOL) falls foul with its hybrid consensus mechanism, complicating interoperability with other chains. With other blockchain providers overtaking Solana (SOL), analysts expect the current SOL price of $20.38 to remain relatively stagnant compared to its competition.
TMS Network (TMSN)
Cryptocurrency trading is a high-stakes industry, with every trader seeking to gain an edge. TMS Network (TMSN) helps traders achieve this with their pioneering social trading feature elevating the platform to new heights.
TMS Network (TMSN) provides users access to a vast and diverse network of experienced traders in all types of digital assets, sharing insights and strategies to help them navigate the volatile minefield of trading. Users can hop on board shared strategies from successful traders, helping to inform their future trades and learn from the best.
As users develop the skills to negotiate the world of digital trading, they can begin to share their expertise with other users, thus helping TMS Network (TMSN) to cultivate one of the leading online trading communities in the world. As well as daily crypto trades, users can benefit from insight into CFD, Forex, futures, and traditional financial markets.
TMS Network (TMSN) recently launched its presale event at $0.0047. It has gained massive momentum since, with tokens now available at $0.088 in phase 2 of the presale, with more than $5.6 million liquidity already raised. This outstanding early performance and TMS Network (TMSN)’s determination to lead innovation in blockchain technology make it an exciting prospect for 2023.
Although crypto markets have seen a rebound in the early months of 2023, prices among established coins remain volatile, with many established coins losing value in recent weeks. TMS Network (TMSN) is an outstanding opportunity for investors to protect themselves against price volatility by locking in their tokens at just $0.088 before sitting back and watching it grow over the coming months.
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