TMS Network (TMSN) Bullish Trajectory As Tron (TRX) And Binance Coin (BNB) Enter Bear Market
DeFi star
TMS Network (TMSN) has continued to rise this week, surpassing Tron (TRX) and Binance Coin (BNB), which are currently in a correction.The newly launched trading platform recently hit a new presale ATH of $0.12, an increase of nearly 500% from when the presale began.Meanwhile, Tron (TRX) and Binance Coin (BNB) have recently lost steam as on-chain users hit new lows and investors dump tokens.Read on as we explore these three tokens.
Tron (TRX) and Binance Coin (BNB) Losing Steam
Tron (TRX)
Tron (TRX) is a delegated proof of stake (dPoS) smart contract platform that seeks to provide a peer-to-peer content-sharing network and allow developers to deploy decentralized apps.Tron (TRX) intends to replace centralized media sites like YouTube by providing a decentralized platform for sharing entertainment content like files, photos, and videos.
Tron is powered by the Tronix token, abbreviated TRX.TRX has been on a downward trend, plummeting more than 65% from its all-time high.Tron (TRX) peaked at $0.231673 on January 5, 2018 (over 5 years ago).The token has a daily trading volume of $197.9 million, a 25.20% decline in the last 24 hours, indicating a recent drop in market activity.
Several factors have contributed to Tron’s (TRX) decline from its peak.
For instance, the platform is criticized for its centralization.50% of Tron (TRX) tokens in circulation are held in 10 wallets, implying that a small number of holders could significantly impact TRX prices.
Binance Coin (BNB)
Created in 2017, Binance coin (BNB) is a proof-of-stake token that powers Binance, the world’s largest centralized crypto exchange.Binance Coin (BNB) is used on the exchange for transactions, staking, and voting, among other uses.Like Tron (TRX), BNB has been on a downward trend, falling 66% from its all-time high.
In addition, Binance Coin (BNB) has a daily trading volume of $348 million, down 10.34% in the last 24 hours.This shows a drop in user activity on the Binance exchange.
The recent lawsuit against the exchange’s US branch, launched by the SEC, is the primary reason for Binance Coin’s (BNB) fall.The SEC alleges that Binance US violated multiple regulations, including listing unregistered coins and jeopardizing user funds.
Since the lawsuit, Binance Coin (BNB) has been underperforming, falling 25.5% in the last 30 days.
TMS Network (TMSN) Continues Northbound Momentum
While Binance Coin (BNB) and Tron (TRX) have been losing ground,
TMS Network (TMSN) has defied expectations by showing strong gains.
With a 480% surge, the newly minted coin has outperformed the entire crypto market.TMS Network recently reached a new high of $0.12, and the potential for more gains remains.According to market analysts, TMS Network (TMSN) will continue to rise and hit $1 by August 2023.TMS Network (TMSN) is also set to be among the top gainers during the 2024-25 bull run, with projected gains of more than 100x.
So, why are market analysts bullish on TMS Network?
The key reason is
TMS Network (TMSN) unique value offer.TMS Network is a decentralized trading platform built on Ethereum that allows users to trade any derivatives, including stocks, forex, and CFDs, using cryptocurrency payments.It is the first of its kind, providing a seamless and enjoyable trading experience with instant transaction processing and no need for fiat payments.In addition, users are not tied down by tedious account registration and KYC requirements to use TMS Network (TMSN).To use the platform, simply connect your wallet and trade across all major exchanges without ever having to register an account or give up your assets.
You withdraw all of your profits to your wallet.No intermediary is waiting to take a cut like there is with centralized platforms.
For more information on TMS Network (TMSN):
Presale:
https://presale.tmsnetwork.io/
Website:
Telegram:
Twitter:
https://twitter.com/tmsnetwork_io
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