Place/Date: - March 20th, 2023 at 5:08 am UTC · 3 min read
Source: TMS Network
With the collapse of multiple banks, we are seeing spooked markets and investors. Smart investors are looking for a hedge against this turmoil and will typically move money around during these times.
ICos such as TMS Network (TMSN), for example, can provide this hedge. Alongside TMSN, however, other cryptocurrencies such as Conflux (CFX) and Filecoin (FIL) have also seen growth, and today we will be exploring why.
Conflux (CFX) is a scalable and decentralized network powered by a Tree-graph and its own consensus protocol known as GHAST.
The Conflux (CFX) cryptocurrency is native to the project and is used as a utility token across the ecosystem.
Network consensus can be achieved through the Conflux (CFX) crypto, and ecosystem incentivization occurs. Conflux (CFX) also plays a major part in the governance process and can be staked.
As of March 17, 2023, Conflux (CFX) was trading at $0.335539. The all-time high for the Conflux (CFX) cryptocurrency was on March 27, 2021, when it reached $1.70. This means it’s trading 79.62% under its all-time high.
In the last seven days, Conflux (CFX) jumped in value by 103.86%, and in the last 24 hours, it jumped by 12.77%.
Filecoin (FIL) is a project that fills the role of being a decentralized storage network built on top of the InterPlanetary File System (IPFS)
By leveraging the power of Filecoin (FIL), anyone can utilize idle hard drive space and bandwidth and provide data storage and retrieval services to the open market.
The Filecoin (FIL) cryptocurrency can be used as collateral through which miners can participate in the ecosystem. Filecoin (FIL) also uses two proof systems to verify the secure storage of data, and these include Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt).
As of March 17, 2023, Filecoin (FIL) is trading at $6.12. The all-time high of the Filecoin (FIL) cryptocurrency was on April 1, 2021, when it reached $236.84. This means it’s trading 97.40% under its all-time high.
In the past seven days, Filecoin (FIL) jumped in value by 13.40%; in the last 24 hours, this jump was at 5.47%. Aside from these cryptocurrencies, investors have also been looking at TMS Network (TMSN).
TMS Network (TMSN) is a revolutionary platform that can be utilized by millions of users globally and creates the first-ever blockchain-based trading platform that will allow anyone to trade stocks, Forex, CFDs, and other investment types with cryptocurrency payments directly.
All users need to do is connect their cryptocurrency wallets to TMS Network (TMSN) without creating an account. There are social trading features such as Copy Trader and access to MT4 and MT5. By holding the TMS Network (TMSN) token, users can participate in the governance process, gain access to trading tools, and get a commission fee for every trade made on the network.
TMS Network (TMSN) completed Stage 1 of its presale and is 50% complete with the Stage 2 presale. The value of the TMS Network (TMSN) token is currently at $0.038, with analysts predicting that it can reach $2.15 by the end of Q4, 2023.
Investors will not want to miss out on the opportunity to sign up for the Stage 2 presale of TMS Network (TMSN) using the links below and capitalize on what experts believe can be a dominant force in the blockchain space throughout 2023 and beyond.
For more information on TMS Network, please check out the following links: Presale, Website, Telegram.
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.