TMS Network (TMSN) has been appreciating in a bear market showing incredible resistance. But, new developments to the network are making its price rally in the ongoing stage 4 presale. The erosion of trust in Solana (SOL) and Polygon (MATIC) shows in the form of millions of dollars in losses. Why is TMS Network (TMSN) doing so well while Solana (SOL) and Polygon (MATIC) fall?
The Unstoppable Growth of TMS Network (TMSN)
TMS Network (TMSN) has been growing in triple digits since its stage 1 presale was announced. The unique use case of the DEX has attracted big-ticket investors to it. It allows users to invest in multiple asset classes like stocks, forex, cryptocurrencies, and CFDs. Support for such a wide variety of asset classes has translated into greater reach for TMS Network (TMSN).
Both traditional and crypto investors can use TMS Network (TMSN) for trading. It offers the benefits of anonymity, transparency, low commission fees, and more. TMS Network (TMSN) has further added to its value by offering features like AI bot trading, arbitrage trading, social trading signals, knowledge base, and more.
The crypto market has recognized the value of TMS Network (TMSN). That’s why the value of TMS Network (TMSN) has appreciated from $0.025 in the stage 1 presale to $0.12 in the current stage 4 presale. The price of TMS Network (TMSN) is all set to go into vertical growth after the news of the dApp launch on the network. Bulls, who were already driving up the price of TMS Network (TMSN), have gone into a buying spree. It is expected that the price of TMS Network (TMSN) will climb 3,000% as a result of the positive sentiment in the market.
Investors Are Losing Money With Solana (SOL)
A string of bad news has struck Solana (SOL). After the FTX collapse, Solana (SOL) barely recovered when the crypto market went into a bear phase. Along with the general market downtrend, Solana (SOL) was also directly affected by the lawsuit against Binance and Coinbase that termed Solana (SOL) as a “security.” Solana (SOL) then started trading at its lower support level of under $15.
But, the woes of Solana (SOL) investors don’t seem to be ending anytime soon. Recently, Solana (SOL) announced that it would be closing the popular Cardinal protocol. According to the winding down schedule, the operations of the Cardinal protocol will completely halt on July 19, and investors have been given a deadline of August 26, 2023, to make all the withdrawals from it.
Cardinal Labs worked as an infrastructure provider. The Cardinal protocol supported Solana (SOL) network’s NFT use cases. The protocol also raised $4.4 million in funding to improve its utility. Now, Solana (SOL) has announced that Cardinal protocol has to be closed down due to bad economic conditions.
Polygon (MATIC) Is Among the Biggest Market Losers
In the lawsuit against Binance and Coinbase, the US Securities & Exchange Commission (SEC) classified multiple cryptocurrencies as “securities.” The regulator has argued that since these cryptos are securities, it was illegal for Binance and Coinbase to list them on their exchanges. All the cryptos named in the lawsuit have dropped in price as the investors are spooked.
Even among these falling cryptocurrencies, crypto research firms have found that Polygon (MATIC) and Cardano (ADA) have surfaced as the biggest losers. Investors are moving away from Polygon (MATIC) as it will now be an unregistered security. Moreover, Polygon (MATIC) has now become more susceptible to anti-crypto regulations that might come into effect in the future.
Polygon (MATIC) had a market value of $8 billion. After the news, it lost 20% of its market value and now stands at around $6 billion. Polygon (MATIC) is trading at $0.65, near its support levels. In the current market, Polygon (MATIC) will continue to drop even further, leading to more investor losses.
For more information on TMS Network (TMSN):
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io
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