Cryptocurrencies must hit several milestones before they go big in the industry. One of those milestones is the $1 mark. It’s an important psychological mark for a number of reasons. It’s a point where many early investors cash out their investments, so cryptos almost always drop sharply when they hit this mark. So, when cryptos hold this mark, it shows that investors have enough confidence in the crypto to give them higher returns. That’s what we are seeing with TMS Network (TMSN). TMS Network (TMSN) has been holding its $1 price for the past week. In contrast, Cardano (ADA) has not been close to $1 for well over a year, while Stacks (STX) recently flirted with the price level only to crash in the absence of support.
TMS Network (TMSN)
TMS Network (TMSN) has pretty much consolidated its position as one of the best ICOs of 2023. The upcoming decentralized exchange supports multi-asset trading on its platform. Initially, TMS Network (TMSN) would be able to trade cryptos, CFDs, forex, stocks, and futures on the platform. Over time, TMS Network (TMSN) intends to add more assets to the platform. Interestingly, TMS Network (TMSN) allows users to invest and trade on its platform without creating an account or sharing KYC details.
As the first DEX to support fiat asset trading, TMS Network (TMSN) has created an enormous buzz in the industry. TMS Network’s (TMSN) ongoing ICO has raised over $6 million in funding so far. Incidentally, TMS Network (TMSN) surpassed the $1 mark in the ongoing stage 4 presale, where it has blown up by 300% compared to its stage 1 presale value.
Stacks (STX)
Stacks (STX) is a new layer 2 blockchain that brings smart contracts and dApps to the Bitcoin (BTC) ecosystem. For over a decade, Bitcoin (BTC) has remained a basic borderless decentralized digital currency, while altcoins have gone a long way in acquiring innovative use cases and features. Stacks (STX) attempts to bring Bitcoin (BTC) to the modern era. Stacks (STX) operates atop Bitcoin (BTC) and offers compatibility with smart contracts. So, by deploying dApps on Stacks (STX), developers are essentially operating in the Bitcoin (BTC) ecosystem.
Over the past few months, Stacks (STX) has attracted many developers to its platform. The popular NFT platform Ordinals has utilized Stacks (STX) to deploy an NFT marketplace in the Bitcoin (BTC) ecosystem. Its growth fueled Stacks (STX), which grew vertically in March this year. Since then, as interest faded, Stacks (STX) has lost all its momentary gains. For now, Stacks (STX) is in a rut.
Cardano (ADA)
Cardano (ADA) has long dreamed of dislodging Ethereum (ETH) as the de facto smart contracts platform for the crypto world. To its credit, Cardano (ADA) is on the right path too. Cardano (ADA) offers a significantly higher degree of decentralization than Ethereum (ETH). The transaction speeds on Cardano (ADA) are much faster, while the fees are a fraction of what they cost on Ethereum (ETH). And, Cardano (ADA) undergoes frequent upgrades to acquire new capabilities and features that improve its utility as a blockchain infrastructure provider.
Yet, the competition in this space has been heating up for some time now. So, Cardano (ADA) has struggled to catch up to its rival. In fact, the highest value Cardano (ADA) attained was in 2021, when it inched close to the $3 mark, and then promptly fell to the bottom of the charts, where it continues to mop.
Explore the TMS Network presale here:
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io
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