The FTX scandal, considered one of the most significant frauds in the cryptocurrency world, resulted in a staggering loss of over $8 billion in investor funds. This resulted in a significant drop in the value of its native currency, FTT, with prices falling to as low as $0.8275.
Despite the setback, FTX has been under new management and has shown signs of recovery, which is excellent news for various crypto projects such as Solana (SOL), EOS, and TMS Network (TMSN), which is presently in the presale phase.
TMS Network (TMSN) Looks To Revolutionize The Investment Market
TMS Network (TMSN) aims to revolutionize the investment industry with its blockchain based trading platform. With a decentralized structure, TMS Network (TMSN) enables trading in over 500 cryptocurrencies, international equity, CDF, and Forex markets, making it the first network to offer traditional investment opportunities using cryptocurrency.
By eliminating intermediaries, TMS Network (TMSN) ensures seamless trading experiences for investors, complemented by a user-friendly interface and fast transaction speeds, thus positioning it as a highly anticipated DeFi trading platform.
For novice traders, TMS Network (TMSN) offers various support options, including an advanced strategy builder that leverages AI, on-chain analysis for detailed price breakdowns, and social trading, allowing investors to learn from top investors in their respective niches.
The TMS Network (TMSN) presale is expected to be in high demand, given its potential to provide investors with a viable alternative to suboptimal investment platforms. The TMS Network (TMSN) tokens are priced at $0.0003, with 350 million tokens available to the public.
Solana (SOL) Makes A Strong Recovery In January
During the 2021 bull market, Solana (SOL) emerged as one of the most sought-after investments. Within a few months, SOL’s value skyrocketed from $1 to an all-time high of $259, although it has since retraced. Nonetheless, its significance in the DeFi space has continued to grow.
SOL’s adoption for various transactions has been facilitated by its super-fast transaction speed and low fees, making it an attractive option. Additionally, SOL has played a critical role in the NFT sector and has powered notable collections such as DeGods and Solana Monkey Businesses.
As of February 2023, SOL’s price stands at $23.59, a 44% increase from January. Analysts predict that this upward trend will persist throughout the month, buoyed by the resurgence of FTX. Consequently, investors remain optimistic about SOL’s recovery.
EOS Price Fluctuates, But Investors Remain Confident
EOS.IO, a decentralized platform for building and hosting decentralized applications (dApps), utilizes EOS as its native cryptocurrency for payments. Launched in 2018, EOS.IO enables data hosting, authentication, usage management, and communication across a diverse range of dApps. Although often viewed as a competitor to Ethereum, EOS.IO offers an affordable entry point for everyday investors, with a price of $1.10.
In 2023, EOS kicked off the year on a positive note, posting a 17.28% price increase. Despite some fluctuations in value, investors remain optimistic about the potential of EOS as a sound investment for the year ahead. EOS could even challenge its all-time high of $22.71 later in 2023.
Final Thoughts: FTX News Is Bullish For TMS
The positive developments at FTX have promising implications for EOS, Solana (SOL), and TMS Network (TMSN). TMS Network, which is currently in its presale phase and trading at $0.0047, stands to benefit significantly from this bullish news. The project’s rapid growth trajectory could further gain momentum, resulting in a surge in price before the presale concludes.
Below, you can discover more about TMS Network: