Conflux (CFX) and Stacks (STX) have become celebrities of the crypto-verse because of their meteoric rise over the past few months. Nevertheless, their prices seem to be going down now. In comparison, TMS Network (TMSN), which is a contemporary of Conflux (CFX) and Stacks (STX), is growing stronger.
Whether the higher growth of TMS Network (TMSN) against Conflux (CFX) and Stacks (STX) is an anomaly or a trend that will continue in the future? Here’s everything you need to know.
Hong Kong has recently legalized crypto trading. Investors started speculating whether China would follow suit, leading to the boom in Conflux (CFX). After all, Conflux (CFX) is the only regulation-compliant crypto from China.
As Conflux (CFX) came into the limelight, it rallied at a remarkable speed, going up by over 1300% in a matter of weeks. The appreciation was also fueled by Conflux’s (CFX) strategic partnerships with China Telecom and Little Red Book. However, after the initial euphoria settled, Conflux’s (CFX) growth flattened.
Conflux (CFX) is not growing anymore. In fact, it has been dropping in value. Conflux (CFX) is still entering into new partnerships, but the effect of these developments is no longer visible in its price. On the other hand, TMS Network (TMSN), which started its growth story alongside Conflux (CFX), is still maintaining its high momentum. It’s growing and is predicted to do even better in the future.
Stacks (STX) is a decentralized platform built on the Bitcoin (BTC) blockchain. So far, Bitcoin (BTC) has operated as a store of value. The goal of Stacks (STX) is to bring DeFi functionality to the Bitcoin (BTC) blockchain. Stacks (STX) offers smart contracts for developers to build dApps atop Bitcoin’s (BTC) proven security and reliability. While Stacks (STX) was launched in October 2018, it gained massive popularity at the beginning of 2023. It grew from $0.21 in January 2023 to $1.27 on March 20, 2023. Since then, Stacks (STX) is sliding.
The use case of Stacks (STX) depends heavily on the integrity of the underlying Bitcoin (BTC) blockchain. So, Stacks’s (STX) price is a function of the price of Bitcoin (BTC). It rises and falls with Bitcoin (BTC). Since Bitcoin (BTC) is the first cryptocurrency, it does not have room to jump as much as a budding cryptocurrency.
A cryptocurrency like TMS Network (TMSN) with a solid use case will certainly do well against Stacks (STX) in the long term. It is already doing better than Stacks (STX) anyway.
TMS Network (TMSN)
TMS Network (TMSN) is a DEX that allows trades in cryptocurrencies along with multiple traditional asset classes. These include equities, forex, and CFDs. TMS Network (TMSN) allows traders to benefit from the DEX’s transparency, high speeds, and cheap transaction costs. The platform also allows equity and forex traders to make their transactions entirely using cryptos, discarding fiat money.
An incredibly positive market sentiment has been brewing around TMS Network (TMSN) since it opened for presale. That’s why the token sold out completely and raised $500,000 at a price of $0.025 in the first round of presale. Its stage 2 presale is ongoing, and its price has almost increased 100%. TMS Network (TMSN) has raised over $4 million in total funding, and it’s still going strong.
Experts believe that TMS Network (TMSN) is far from its peak. TMS Network (TMSN) will continue to move up and make its way to the list of top gainers of 2023, with a growth rate of almost 5000% after its launch.
For more information on TMS Network (TMSN) please see the links below:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.