The altcoin market is constantly evolving. New protocols launch every day and present enormous opportunities for growth. The top protocols in the altcoin market like Solana (SOL) and Chainlink (LINK), have performed reasonably well in 2023. However, a new contender has emerged that has caught investors’ attention – TMS Network (TMSN). This new kid on the block has already outperformed in the first and still ongoing second stages of presale, registering a 2240% profit.
Despite a history of outages, dramas, and controversies, Solana (SOL) has performed well since the start of the year. Up over 140%, Solana (SOL) has exceeded expectations after the collapse of FTX/Alameda at the end of 2022. FTX and Alameda were heavily invested in and held huge bags of Solana (SOL). Not only Solana (SOL) but lots of tokens related to the ecosystem too.
With news of the potential restart of FTX in 2024, Solana (SOL) investors may have some light at the end of the tunnel. If FTX can restart, it will generate revenue to pay back investors. The alternative is selling assets on its balance sheet, including Solana (SOL) ecosystem tokens.
However, nothing has been confirmed, and FTX management is still mulling over the idea. There are a lot of questions that still need answering for Solana (SOL) to regain some of its losses.
Chainlink (LINK) is a data feed protocol designed to provide decentralized applications with access to Web2 information. Recently, Chainlink (LINK) announced that an Australian precious metal dealer, Ainslie Bullion, would directly use the protocol within their Web2 business. Chainlink (LINK) appears to live up to its name, creating links between Web2 and Web3.
Despite solid developments, Chainlink (LINK) has seen modest gains of 40% this year. The Chainlink (LINK) token captures relatively little value from protocol usage. For Chainlink (LINK) to remain competitive, tokenomics must be reassessed to add more value for holders. However, this is unlikely in the short term. Thus, Chainlink (LINK) will continue to underperform its peers.
Built on Ethereum, TMS Network (TMSN) is a revolutionary new decentralized exchange with a focus on security and user experience, and an innovative range of tradable assets. Offering trading pairs for stocks, crypto, CFDs, and Forex, TMS Network (TMSN) supports assets unavailable on other DEXs.
Leveraging the security and inherent decentralization of Ethereum, TMS Network (TMSN) offers traders an alternative to the centralized exchanges (CEX) they’re used to. This is without compromising on user experience.
TMS Network (TMSN) rewards token holders with various trading tools. These tools enrich the experience, with the package including, but not limited to, customizable trading bots, social trading, and a comprehensive in-house research station. In addition, TMS Network (TMSN) holders are entitled to a share in the commission fees generated by the protocol.
TMS Network (TMSN) has shone in presale, with the token price going from $0.0047 preseed to $0.05. Investors are clearly attracted to the unique selling points offered by TMS Network (TMSN).
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