Getting into the blockchain space can be essential for any investor who wants to diversify their portfolio and overall holdings. With over 23,000 cryptocurrencies to pick from, there is a varied choice for investors.
However, not every single cryptocurrency performs equally. One of the latest projects that created a lot of buzz within the investor circles, and that project is TMS Network (TMSN).
Today, we will review the TMSN token to see how it compares to other well-established projects such as Conflux (CFX) and Ethereum (ETH).
Conflux (CFX)
Conflux (CFX) is essentially a public blockchain network responsible for operating a consensus protocol known as GHAST that utilizes a Tree-Graph structure.
The native cryptocurrency is Conflux (CFX), and its use cases involve network consensus, ecosystem incentivization, governance, and staking.
The Conflux (CFX) network organizes blocks within a tree-graph structure. What this means is that the network can track the happens-before relationships found in blocks. This means that Conflux (CFX) enables nodes in the network to create a consistent total order of blocks.
Conflux (CFX) was trading at $0.364967 on April 7, 2023. In the last 24 hours, the cryptocurrency saw a decrease of 4.6%. However, in the last 30 days, Conflux (CFX) has increased by 70.2%.
With all of this in mind, while Conflux (CFX) has experienced a recent decrease, it has seen growth throughout the month as a whole. Investors are, however, still eyeing Ethereum (ETH) and TMS Network (TMSN) as alternatives.
Ethereum (ETH)
Ethereum (ETH) is the second largest cryptocurrency when seen from the perspective of its market capitalization. However, Ethereum (ETH) is known for its vast ecosystem of decentralized applications (dApps) and its overall use cases within Decentralized Finance (DeFi). The network consists of an open-source and globally decentralized infrastructure for computing which has the capability of executing smart contracts.
Ethereum (ETH), as a coin, is used to power the ecosystem and has various use cases. The network is also reliant on the Ethereum Virtual Machine (EVM).
On April 7, 2023, the Ethereum (ETH) cryptocurrency was trading at $1,856.87.
In regards to its historical performance, in the last 30 days, Ethereum (ETH) increased in value by 18.7%; however, in the last 24 hours, it decreased in value by 1.3%.
With this in mind, Ethereum (ETH) might be a solid option, but one other cryptocurrency has massive growth potential.
TMS Network (TMSN)
TMS Network (TMSN) is essentially a decentralized trading platform that is being developed to enable any user the ability to trade any derivative through the usage of cryptocurrency payments directly. This means that users can connect their cryptocurrency wallets and begin making trades for any derivative, which is available without creating a separate account.
On the TMS Network (TMSN) network, anyone can trade futures, forex, CFDs, and much more, and they do not need to use FIAT currencies to do so.
There are also social trading features, including Copy Trader and even integration for MT4 and MT5. By holding the native cryptocurrency, TMS Network (TMSN), users are able to get a commission fee from the volume generated on the network and can get access to advanced trading tools.
The TMS Network (TMSN) token is undergoing Stage 2 of the presale, which is already 50% complete. At this presale stage, the TMS Network (TMSN) token is offered at $0.06. Analysts predict that TMS Network (TMSN) can reach a value of $2.2 by the end of December 2023. This means that traders and investors who want to get the most out of the token can do so by getting it in its early presale stage.
Learn more about TMS Network here:
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- Source: https://insidebitcoins.com/news/tms-network-tmsn-presale-explodes-while-conflux-cfx-and-ethereum-eth-make-movements
