Fantom and Conflux coins have been operating in the crypto market for a while. They have managed to gain substantial media exposure but have not been successful in presenting a brilliant investment opportunity. However, in the last few weeks, both coins have rallied and multiplied their investor wealth, only to drop unceremoniously. On the other hand, the TMS Network has shown a steady rise since its presale. Its decentralized trading platform has received a good response and continues to bring in more investors.
Here is what you should know about Fantom, Conflux, and the TMS Network (TMSN) before you make an investment decision.
Fantom (FTM) Cannot Keep Up
If Fantom has cracked the code to one thing, it is the art of staying in the news – for good but mostly bad reasons. Fantom is essentially a platform for smart contracts and developing DeFi apps.
Fantom was launched in 2018 but did not perform as per investor expectations. Then, 2022 saw Fantom co-founder and well-known developer, Andre Cronje, leaving Fantom, which sent the Fantom prices into a tailspin. However, he returned to Fantom, and the prices stabilized.
In the past couple of weeks, Fantom has rallied due to the many partnerships announced by the platform. However, the euphoria around Fantom seems to be cooling off. While the price is rising, the interest around Fantom is dropping. The dropping price of Fantom is only a side-effect of the falling momentum.
China Narrative Pushed Conflux (CFX), But Not Anymore?
Any token related to China is doing well right now. So, the rally Conflux experienced cannot be attributed to Conflux alone. The reason behind the interest in Conflux is that people are hunting the catalyst that will bring the crypto boom to the Chinese mainland.
People speculated that Hong Kong’s allowing of retail crypto would be such a trigger, but it was a long shot. The policy is in its infancy, and even if it comes through, the retail investors will operate in a highly regulated environment.
Conflux may have also jumped on the back of its strategic partnership with China Telecom to produce Blockchain SIM cards. However, that excitement did not last long because Blockchain SIM cards are not exactly a new idea from Conflux; it has been done by others before.
So, while Conflux initially showed a rebound in prices, it has again settled into a downward roll.
TMS Network (TMSN) is Staying Strong
The crypto market has certainly been going strong in 2023. There’s a marked difference in investor interest in highly utilitarian coins. TMS Network is one such crypto. TMS Network (TMSN) is a decentralized trading platform that allows its users to trade equities, forex, CFDs, and stocks. It is the first-of-its-kind blockchain-powered decentralized trading platform that offers security, transparency, speed, and low-cost transactions. There was a real need gap in the market for such a product, and the TMS Network is bridging it well.
There has been a strong positive sentiment around the platform since its inception, and it continues to keep the prices of TMS Network on an upward trajectory.
You can find out more about TMS below:
Whitepaper: https://tms-net.netlify.app/whitepaper.pdf
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetwork
Twitter: https://twitter.com/tmsnetworkio
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