Now in phase two of their token presale, TMS Network (TMSN) has taken the crypto market by storm and has already seen a 2240% jump in the price of their TMS Network (TMSN) token. And it seems that TMS Network (TMSN) has also sucked a lot of energy out of the rest of the crypto industry, specifically when it comes to ApeCoin (APE) and Elrond (EGLD). These two alternative crypto assets have been around for years, but it’s increasingly unclear if they’re built to last.
TMS Network (TMSN)
TMS Network (TMSN) is taking a methodical, practical approach to solving a real issue in the blockchain space. Specifically, TMS Network (TMSN) is building a decentralized exchange (DEX) on top of Ethereum (ETH) that will solve many of the ease-of-use issues related to the DEXs already on the market.
While there is obvious value in decentralizing the exchange aspect of the crypto financial system, many of the current DEXs are missing many of the features traders are used to enjoying on their centralized counterparts. With TMS Network (TMSN), traders will be able to use a variety of educational resources and social trading features to make sure they can catch up to the best traders in the market and learn more about how to turn a profit while day trading.
There are a number of centralized exchanges (CEXs) that enable users to trade a wide variety of different assets from crypto to traditional equities, but this sort of functionality is rarely found with DEXs. Due to TMS Network’s (TMSN) utilization of derivatives, traders will be able to trade basically any asset in the world in a decentralized manner.
ApeCoin (APE)
ApeCoin (APE) is a decentralized cryptocurrency that runs on the Ethereum (ETH) blockchain. It has a total supply of 100 million ApeCoin (APE) tokens, of which 4% will be unlocked in a linear fashion over one month. This unlock event could affect the price of the ApeCoin (APE) token, as some investors may sell their tokens to avoid a potential price drop. A previous unlock of 0.7% of the total ApeCoin (APE) supply in February caused a 7% drop in one day.
Therefore, ApeCoin (APE) investors should brace for price volatility ahead of the 4% supply release, which will start in September 2023 and end in October 2023. The unlock event could create an opportunity for buyers who want to enter the market at a lower price, but also a risk for sellers who want to exit the ApeCoin (APE) market at a higher price.
Elrond (EGLD)
Elrond (EGLD) is a decentralized blockchain network that focuses on the metaverse. It has launched three products: xFabric, xPortal, and xWorld, which are designed to enable interoperable and customizable metaverses. Elrond (EGLD) also rebranded its native DEX Maiar as xExchange.
The rebranding and migration process was supported by a governance vote from the community. Elrond’s (EGLD) native token was also listed on Coinbase, one of the leading cryptocurrency exchanges. The price of Elrond (EGLD) has rebounded from a 25% drop in November and has shown signs of bullish momentum.
Elrond (EGLD) aims to attract more users and developers to its metaverse ecosystem by offering innovative solutions and incentives. It claims to be the first metaverse planet of this new world, where Elrond (EGLD) users can explore, create, and connect with others.
Both ApeCoin (APE) and Elrond (EGLD) have metaverse plays, but these virtual worlds may still take some time to gain traction. Over the near term, TMS Network (TMSN) can provide incredible value to traders who want to gain access to a DEX with the advanced features of a traditional CEX.
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
