Investors prefer blue-chip projects, or the ones that have the potential to become one. Therefore, when TMS Network (TMSN) entered the market, it became a massive hit overnight. Its unique business roadmap, and high-value proposition have made the project grow 2500% within a few weeks. Meanwhile, Chainlink (LINK) and Binance (BNB) have struggled to stay afloat.
Chainlink’s (LINK) Development Activity Soars
Chainlink (LINK) has been witnessing an increase in development activity since February. Thus, the market capitalization of Chainlink (LINK) has also increased. The latest integration of Chainlink (LINK) Price Feeds on Coinbase’s Base testnet has been one of the prime reasons behind the network’s recent growth. The price of Chainlink (LINK) has also been moving in an upward direction. The market value of Chainlink (LINK) has risen by 12% in the past week. On the monthly price chart, Chainlink (LINK) is up by 20%. Consequently, Chainlink (LINK) is currently changing hands at $7.94. Experts believe that these numbers can push the demand for Chainlink (LINK) in the coming months.
Binance (BNB) Undertakes A Big Token Burn Event
Binance (BNB) recently announced its 23rd quarterly burn event. It was one of the largest burn events in the crypto world by USD value. Binance destroyed more than $670 million worth of BNB tokens in its latest burn event. As expected by analysts, the burn event has resulted in an increase in the value of Binance (BNB). At the time of writing, Binance (BNB) was trading at $342.43, and was 10% up on the weekly price chart. This price rise is significant given the ongoing tussle between Binance (BNB) and the US authorities. Moreover, Binance (BNB) recently entered the gaming sector by collaborating with the Brazilian Football Confederation. According to analysts, the latest burn event and partnership can increase the adoption and user base of Binance (BNB).
TMS Network (TMSN) Accelerates Its Growth
TMS Network (TMSN) has designed a Web3-based social trading infrastructure that aims to provide a seamless experience to traders. It enables people to trade and invest in a plethora of digital assets on a single platform. People can use TMS Network’s (TMSN) services without creating any new account on the platform. Traders can seamlessly complete their trades on TMS Network (TMSN) by connecting their crypto wallets.
TMS Network (TMSN) vows to offer low latency, and faster and cheaper transactions. The platform has deployed several advanced tools on the networks, such as proactive monitoring, strategy builder, and trading bots. With its cutting-edge technology, TMS Network (TMSN) empowers traders to automate their trading strategies and easily manage their portfolios. The platform aggregates all market orders, and pairs the best prices for the completion of trades.
TMS Network (TMSN) has unveiled a one-of-a-kind revenue-sharing model that aims to benefit both the platform and users. TMS Network (TMSN) gets a small commission from each successful trade completed on the platform, and the revenue generated from it is automatically distributed among TMSN holders. TMS Network (TMSN) token holders are also granted access to an education program where they can take help and advice from professional investors to better their trading skills.
Due to these use cases, TMS Network’s (TMSN) third presale stage has been subscribed by 40% in less than a week. It also registered astonishing growth figures during the first two stages of its presale. The market value of TMS Network (TMSN) has already scaled by 2500%. Currently, a TMSN token is available to purchase at $0.078, while its launch price was $0.003.
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