Place/Date: - March 11th, 2023 at 1:11 pm UTC · 3 min read
Source: TMS Network
First, the collapse of the FTX Exchange, and now the fallout of Silvergate Capital – the crypto market has suffered two severe blows in the last six months. These events have shaken the base of other projects like Binance (BNB) and Solana (SOL). However, a new crypto project, TMS Network (TMSN), has remained unaffected by these events. The presale growth of TMS Network (TMSN) has inflated by 700% in the first two weeks.
As per the data by CryptoCompare, the market share of Binance (BNB) has increased significantly in the last four months. The data showed that the exchange market share of Binance (BNB) increased from 59.4% in January to 61.8% in February. Besides, Binance (BNB) recorded its highest market share to date for derivatives. Binance (BNB) topped derivatives volumes with a 63% market share. Experts believe that the collapse of FTX Exchange has made Binance (BNB) unrivaled, causing the recent rise. Binance (BNB) is currently in the 5th position by market capitalization. However, the price of Binance (BNB) has declined by 6% in the last seven days. Currently, Binance (BNB) trades at $273.49, which is 60.55% below its all-time high of $690.93.
Solana (SOL) has been in troubled waters for quite a long now. While it was already battling with bearish market sentiments, the latest Silvergate fallout has made the conditions worse for Solana (SOL). Silvergate, a bank that deals in crypto transactions, recently announced that it would wind down its operations and liquidate. Solana (SOL) is one of the worst sufferers of this event. The market capitalization and price of Solana (SOL) have declined significantly in the past weeks. Solana (SOL) stands 12th by market capitalization. The price of Solana (SOL) has plummeted by 18% in the last seven days. As a result, Solana (SOL) currently trades at $17.02, which is 93.45% below its all-time high of $260.06.
A first-of-its-kind blockchain project, TMS Network (TMSN), has been developed to facilitate the online trading of a range of digital assets on a single platform. Its primary goal is to facilitate faster and absolutely transparent trading of cryptocurrencies, CFDs, stocks, and Forex.
TMS Network (TMSN) vows to provide accuracy, security, and transparency in all transactions on its platform. It has integrated smart contracts on the platform to smoothen all trading processes. Thus, TMS Network (TMSN) has dismissed any scope for intermediaries on the platform. This characteristic enables the platform to offer maximum benefits to its users by bringing the transaction fees down. The expulsion of intermediaries also mitigates the possibility of fraud and manipulation on TMS Network (TMSN).
With such a diverse asset pool, TMS Network (TMSN) can boost liquidity on the platform. It allows individuals to execute transactions instantly. Another exceptional feature of TMS Network (TMSN) is its scalability. The network can easily navigate through a soaring number of transactions, and users without hampering the platform’s speed. Moreover, all TMSN token holders will also be getting benefits from the project’s revenue-sharing model. TMS Network, through this model, will distribute a certain part of its revenue among all token holders.
The network also takes initiative for increasing financial awareness through educational resources, including trade signals and market analysis. TMS Network (TMSN) tangible use cases have stirred the market, and investors are confident about the project’s growth. The price of TMS Network (TMSN) has leapt from $0.003 to $0.029 during its presale stage 1, which is sold out.
For more information on TMS Network (TMSN) please see the links: Presale, Website, Telegram, Twitter.
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.