IMG 20230131 162753 632The rise of Decentralized Finance (DeFi) has brought significant changes to the crypto industry, attracting a wave of investor interest in the space. Among the newest players in the DeFi market is TMS Network (TMSN), which recently completed the first phase of its presale with staggering results. On the other hand, Dogecoin (DOGE) and Polygon (MATIC) are still falling as bearish pressure mounts.
TMS Network (TMSN) Sell Out in Presale Phase One
For weeks, TMS Network (TMSN) has been gaining ground after entering the limelight as an innovative trading network. Its presale recently sold out its phase one earlier than expected – signifying the massive potential of TMS Network (TMSN) in disrupting conventional trading.
Essentially, TMS Network (TMSN) is a decentralized all-in-one platform for multi-asset trading. The platform is built on the Ethereum blockchain and thus decentralized, secured, and free from price manipulations or theft. The Ethereum blockchain also gives TMS Network (TMSN) immeasurable scalability for traders across the globe.
TMS Network (TMSN) aims to provide a maximum and better trading experience with its long list of advanced trading tools. It has automated software, price aggregators, AI builders, trading bots, and indicators. It also has an educational hub for training traders to make effective trading decisions.
The ongoing presale for the TMS Network (TMSN) native token, TMSN, has raised over $500k in addition to the recent $2 million investment fund in a private seed sale. With the explosive demand that the token is seeing, TMSN is poised to take out elite platforms like Dogecoin (DOGE) and Polygon (MATIC). The second presale stage has started, and the TMS Network (TMSN) token is trading at $0.025.
Dogecoin (DOGE) Lose Value to Low Utility
Dogecoin (DOGE) is a decentralized peer-to-peer digital currency initially designed as a lighthearted joke or meme. However, it has since gained a massive following, with many people seeing it as a legitimate cryptocurrency with the potential for long-term growth. Dogecoin (DOGE) has a faster transaction speed due to its shorter block times and, thus, is used for online tipping, charitable donations, and even as a payment method for some businesses.
Despite its origins as a joke, Dogecoin (DOGE) has become a serious player, with a market capitalization in the billions of dollars. Still, Dogecoin (DOGE) is one of the worst-performing tokens of this year, as its value has plummeted to its low use case. In less than two years, Dogecoin (DOGE) lost 85% of its value, slumping from $0.74 to $0.08. Currently, Dogecoin (DOGE) is trading at $0.082 with a Year-To-Date gain of 16%.
Polygon (MATIC) Dip to $1.24 Despite Ongoing Developments
Unlike Dogecoin (DOGE), Polygon (MATIC) boasts exceptional use cases, scalability, and capabilities as a layer-two solution running off the Ethereum blockchain. Polygon (MATIC) features cutting-edge technology that sets it apart from its parent chain. Its zk and Optimistic rollups allow the network to process transactions independently before sending them back to Ethereum for validation.
However, Polygon (MATIC)’s price has lost its grip to the bulls after dipping from a $1.4 weekly high to $1.24 amid growing uncertainties and macroeconomic factors. Currently, Polygon (MATIC) is hovering around $1.25 with a year-to-date value of 64%. Analysts are confident that the Polygon (MATIC) token will clinch the previous ATH at $2.92 as its team announces new partnerships and zkEVM updates.
Conclusion
While most popular coins like Polygon (MATIC) and Dogecoin (DOGE) dip in value, TMS Network (TMSN) sold out its first phase presale in under 2 weeks. TMS Network (TMSN) aims to revolutionize exchanges by offering advanced tools and a decentralized ecosystem, allowing anyone to start next-generation trading. The presale allows everyone to get into TMS Network (TMSN)’s vision early and look forward to an exciting 2023.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Twitter: https://twitter.com/tmsnetworkio
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