As cryptocurrencies become increasingly popular on the internet, more projects are looking to leverage the power of social media and hype to drive the popularity of their projects. However, while these projects quickly become popular, the gains they generate are often short-lived.
The projects that turn out to be the best investments are those that solve existing problems and offer real value. With the TMS Network (TMS) strongly in this category, we will discuss in this article why it has been steadily attracting investors while Pepe (PEPE) and Sui (SUI) fail to keep gains.
Pepe (PEPE) launched in an already saturated meme coin ecosystem but managed to stand out thanks to the popularity of Pepe the Frog – the internet meme from which the project was launched. The popularity of the meme saw Pepe (PEPE) quickly become one of the hottest trends in the crypto market.
Following the listing of Pepe (PEPE) on Binance and other leading exchanges, the market cap of Pepe (PEPE) quickly jumped above $1 billion, pushing it into the top 100 cryptos. However, as with many meme coins, the gains of Pepe (PEPE) have faded as investors dumped the coin almost as quickly as they bought them.
At the time of this writing, Pepe (PEPE) trades at $0.000001271 losing 17.8% of its value over the last 24 hours. The sell-off is even more severe as Pepe (PEPE) has declined by more than 72.8% from its all-time high of $0.000004354 recorded on May 5th.
Sui (SUI) might not be a meme coin like Pepe (PEPE), but it launched amidst major hype in the crypto space. Created by ex-Meta employees, Sui (SUI) was hyped as the next big thing – a layer-1 blockchain that made digital asset ownership fast, private, secure, and accessible to everyone.
Within two days of its launch, Sui (SUI) had spiked to an all-time high of $1.72. However, since Sui (SUI) hasn’t met the expectations of the hype that followed its launch, the price of Sui (SUI) has been on a decline since May 3rd when it hit its ATH.
At the time of this writing, Sui (SUI) trades at $1.0460 – a 39% decline from its ATH. Now, Sui (SUI) is looking to generate more utility by attracting developers and NFT builders to its blockchain. This could prove pivotal in sustaining the price of Sui (SUI).
TMS Network (TMSN)
The utility and existing challenge solved by the TMS Network (TMSN) is what has attracted whales from Sui (SUI) and Pepe (PEPE) to the new project. Traders currently face problems with asset limits, exorbitant trading costs, and price manipulation on traditional platforms.
However, the TMS Network (TMSN) has created a working solution to these problems with its decentralized all-in-one trading platform where users can use crypto to trade any asset class including stocks, forex, futures, and other derivatives.
The TMS Network goes further with its next-gen social trading infrastructure that supports AI and copy trading. The TMS Network presents an incredible opportunity for early investors to capitalize on the project’s potential.
Currently in presale, TMSN tokens are available at an attractive price point of $0.088 during the presale with fantastic rewards of up to 50% on purchases. So, get in now before the token’s price skyrockets. Find out more about the TMS Network (TMSN) presale:
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.