Over the past few years, blockchain technology and the video game industry have significantly transferred value through cryptocurrencies. Among the hype on Metaverse, Decentraland (MANA) and The Sandbox (SAND) gained attention and were considered future leaders in the Metaverse space. Still, they were thrown into the shade because of the newcomer TMS Network (TMSN). It has successfully stolen the show due to its hit presale and has become the top trading platform that aims to enhance users’ trading experience.
Decentraland (MANA) Navigating Turbulent Waters
Decentraland (MANA) is a metaverse project that enables players to purchase plots by exploring the virtual universe. It offers users different experiences, including games, casinos, concerts, galleries, and more. Decentraland (MANA) is the longest-running project in Metaverse. However, the Metaverse space got in trouble when it repositioned itself for AI technology. There has been a decline in the active user count of Decentraland (MANA) as it struggles to attract new users.
Moreover, Decentraland (MANA) faces new challenges following Microsoft’s exit. As the metaverse ecosystem adjusts to the shifting dynamics, Decentraland (MANA) must reevaluate its strategies and partnerships to maintain its position. The project’s progress, ongoing developments, and market analysis will shed light on its resilience in adversity.
Why People Lost Interest in the Metaverse
The Sandbox (SAND) is a 3D gaming platform that allows its users to shape, play and transmit monetization of virtual experiences. The Sandbox (Sand) is a collection of user-generated content and games where it becomes possible for users to create their games and assets. However, The Sandbox (SAND) registered only 3,660 transactions in March 2023. The lack of interest in The Sandbox (Sand) hurts the token as it is valued on the on-chain activity.
It is a fact that Metaverse doesn’t have the same hype as it had in 2022, mainly because the large institutional players diverted their attention toward AI. Therefore, Decentraland (MANA) and The Sandbox (Sand) are feeling the effects. There has been a drop of 25% for Decentraland and around 27% for The Sandbox (Sand) despite the market rally.
Why is TMS Network (TMSN) Growing in Popularity?
TMS Network (TMSN) is a blockchain-based decentralized trading platform presently in the second phase of its presale. Since TMS Network’s (TMSN) launch, there has been massive growth, and its token value has increased by 1700% and has raised more than $5.6 million in its seed funding round. The best thing about TMS Network (TMSN) is that its users can easily trade derivatives like stocks, CFDs, Forex, and equities through cryptocurrency payments. It makes the platform completely transparent, as anyone can trade across the exchanges using cryptocurrency wallets.
Another important thing to note is that TMS Network (TMSN) has several tools like trading bots, trading signals, portfolio management applications, on-chain analytics, and social trading. That is why TMS Network (TMSN) has been able to outshine the Metaverse giants like Decentraland (MANA) and The Sandbox (SAND). Therefore, it becomes possible for TMS Network’s (TMSN) users to have an efficient trading experience, as they can easily manage risk and make informed decisions.
There is no doubt that both Decentraland (MANA) and The Sandbox (SAND) offer immersive 3D experiences to their users, where they can buy, sell and hold digital assets. It is unclear whether the metaverse-based activity we see in Decentraland (MANA) and The Sandbox (SAND) is sustainable in the crypto market. If one is looking for a comprehensive suite of features with Artificial Intelligence Trading Plan Builder, nothing can beat TMS Network (TMSN), a versatile and flexible platform. Most investors are gobbling up the TMS Network (TMSN) token, thus leaving Metaverse giants in the virtual shade.