There are a ton of ways to make money in the crypto industry. Some are long-term approaches, and others are more short-term in nature. Day traders and weekly traders have been betting big on upcoming superstar cryptocurrencies like Arbitrum (ARB) and Fantom (FTM) for the past few days. However, their short-term growth has plateaued, and they’re entering a phase of corrections. Meanwhile, the newcomer TMS Network (TMSN) has just kicked off its vertical journey delivering huge returns for its early investors. For short-term investors and traders, TMS Network (TMSN) is an excellent buy.
Arbitrum (ARB) Concludes Airdrop and Loses Momentum
Arbitrum (ARB) is a newly launched layer-2 scaling solution for the Ethereum platform. Arbitrum (ARB) is compatible with Ethereum Virtual Machine (EVM), which makes it easy for developers to adopt it. While Ethereum’s transaction speed is 15-25 transactions per second, Arbitrum (ARB) can push it to 40,000 per second. Arbitrum (ARB) also has big plans for its future. In 2023 alone, Arbitrum (ARB) plans to launch a layer-3 solution Orbit. Arbitrum (ARB) also allows developers to create and deploy apps in common programming languages like C++, Rust, etc.
Despite Arbitrum’s (ARB) huge plans, it has not received its desired reception. From a launch price of $11, Arbitrum (ARB) has dropped to below $2 on the launch day. Although Arbitrum (ARB) attempted to grow fast in anticipation of the recently concluded airdrop, the momentum quickly fizzled out after the airdrop. It’s unlikely that Arbitrum (ARB) will regain its launch price anytime soon.
TMS Network (TMSN) Gives Early Investors Enormous Profits
TMS Network (TMSN) is an upcoming decentralized exchange that supports multi-asset trading. Unlike most DEXs in business, TMS Network (TMSN) allows its users to trade cryptos, CFDs, forex, and equities. Features like social trading, AI bot trading, portfolio management apps, arbitrage trading, and other features are built into the platform. TMS Network (TMSN) is also a smart contracts platform that allows developers to build dApps with advanced functionalities for investors and traders. TMS Network (TMSN) pulls asset trades data from multiple exchanges to give its users the best deals for trading.
TMS Network’s native token TMSN supports the transactions on the platform. Users can stake their funds on TMS Network (TMSN) to make liquidity available for all transactions. TMS Network’s (TMSN) unique utility has created a lot of buzz around its ongoing ICO. Between its current stage 2 presale and recently concluded stage 1 presale, TMS Network (TMSN) has shot up in price by nearly 100% and is now trading at only $0.046. More importantly, it’s showing no signs of slowing its growth.
Fantom (FTM) Traces Triple Peaks in 2023
Fantom (FTM) brings a fresh, new perspective to DeFi projects. Instead of blockchain technology, Fantom (FTM) uses directed acyclic graph (DAG) technology and a scratch-built consensus mechanism called Lachesis. This unique combination of technology allows Fantom (FTM) to process thousands of transactions per second for a fraction of a cent per transaction. Fantom (FTM) offers an open-source, decentralized smart contracts platform for developers to build dApps. More importantly, Fantom (FTM) is compatible with EVM smart contract chains and Solidity and Vyper programming languages.
Over time, Fantom (FTM) has raised over $450 million for funding its ecosystem development. Undoubtedly, Fantom (FTM) is a good long-term investment for investors. However, the dApps on Fantom (FTM) ecosystem are yet to deliver any meaningful impact on real-world use cases. So, Fantom (FTM) suffers from relative obscurity and has reached its crest in the short term. Now, it’s losing its value and fast. So, short-term traders are recommended to avoid the token.
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