TMS Network (TMSN) has been making waves in the crypto world, with a brilliant strategy that has resulted in a 2240% increase in its value. This has overshadowed the performance of rival tokens, such as Arbitum (ARB) and TrueUSD (TUSD).
In this article, we’ll take a closer look at TMS Network (TMSN) and how its innovative approach is setting it apart in the rapidly evolving cryptocurrency landscape.
TMS Network (TMSN)
TMS Network (TMSN) aims to revolutionize conventional trading by eliminating centralized intermediaries, allowing traders to manage their assets and conduct trades freely. TMS Network (TMSN) addresses major issues in trading, such as price inconsistency, high costs, manipulation, slow transactions, and poor experiences.
Investors showed overwhelming interest during TMS Network (TMSN)’s presale phase 1, indicating its strength. TMS Network (TMSN) has already raised $4 Million in the second phase, with more investors expressing satisfaction. TMS Network (TMSN) provides access to a range of asset classes, including cryptocurrencies, stocks, forex, and CFDs, with advanced security measures for asset and transaction protection.
TMS Network (TMSN) has introduced a unique token called TMSN, which offers several platform functionalities, including lower trading costs, elevated staking incentives, and the authority to participate in voting processes that impact the platform’s governance.
TMS Network (TMSN)’s state-of-the-art security features stand out. With encryption, multi-sig wallets, and regular security audits, TMS Network (TMSN) guarantees asset and transaction safety for all traders. Traders have access to educational resources such as video tutorials, webinars, and guides, reducing the learning curve and costly mistakes that often hinder trading.
TMS Network (TMSN) has gained remarkable investor confidence, and the market is poised to follow suit.
Arbitrum (ARB) is a blockchain project built on Ethereum, designed to provide fast and affordable smart contract executions. Arbitum (ARB) operates as a Layer 2 scaling solution that aims to improve Ethereum’s throughput by reducing gas costs, network congestion, and latency.
Following a bearish trend over the weekend, Arbitum (ARB)’s regained a few cents yesterday but is currently down by 5.3% in the last 24 hours. From trading at $1.43 late last month, Arbitum (ARB)’s price has dropped to nearly below $1.20 at the time of writing due to a bearish trend since the beginning of the day.
As a result, Arbitum (ARB)’s market capitalization has also plummeted, dropping from the 39th to the 41st rank in terms of market capitalization among other cryptocurrencies in the global crypto market as of today.
In the past seven days, the Arbitum (ARB)’s market capitalization has lost almost $300 million. Currently, Arbitum (ARB)’s market cap sits at $1.5 billion, down by 1.7% in the last week.
TrueUSD (TUSD) is a stablecoin that is pegged to the US dollar and backed by TrustToken. Its purpose is to provide traders and investors with a more stable and secure way to store and transfer funds within the cryptocurrency ecosystem.
TrueUSD (TUSD) aims to maintain its $1 peg and has shown resilience during periods of market volatility, making it a popular choice for those seeking a more reliable cryptocurrency option. Its on-chain analysis suggests that it is currently one of the stablecoins leading the comeback, as more investors convert their stablecoins to TrueUSD (TUSD) and USDT.
During the COVID-19 pandemic, the US banking system faced a short-term collapse, but stablecoin issuers such as Tether and TrueUSD (TUSD) remained unpegged. In contrast, other stablecoins like USD Coin (USDC), Dai (DAI), and Frax (FRAX) saw their coins move away from their $1 peg.
On-chain analysis suggests that the comeback is fueled by two main stablecoins: USDT and TrueUSD (TUSD). Furthermore, whale accumulation in TrueUSD (TUSD) has increased, indicating that more investors are converting their stablecoins to USDT and TrueUSD (TUSD).
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