March 3rd, 2023 at 5:30 am UTC · 3 min read
The first quarter of this year has witnessed towering growths from the entire crypto industry. However, the biggest growth is seen among cryptos, with the highest potential to make a difference to Web3.0 and Metaverse. Interestingly, it appears the world is fragmented in what it wants from crypto technologies. That’s why, cryptos with niche utility or strong regional presence are eclipsing other cryptos in performance. Here are the best-performing cryptos of February 2023.
NEM (XEM) is one of the pioneers of cryptocurrency technologies. NEM was launched way back in 2015 as a global decentralized payments solution. NEM ushered several innovations in the crypto industry, including multisignature accounts, P2P reputation systems, namespaces, etc. NEM introduced a proof-of-importance consensus mechanism, which sought to address the wealth concentration problem plaguing proof-of-stake blockchains.
NEM’s biggest contribution to the world of crypto is its wealth of social media apps that are changing the virtual world for good. NEM-based social media apps are proving to be great alternatives to platforms like Instagram and offer radically more user-friendly terms and features. Over the past month, NEM has grown by 40%. NEM is a favorite investment option for retailer investors because of its low price.
Stacks (STX) is a layer-1 blockchain that brings dApps and smart contracts to Bitcoin. As the original cryptocurrency, Bitcoin was designed to be a borderless, decentralized payment mechanism. However, the crypto-verse has come a long way since then, and modern cryptos offer a vast variety of utilities. Stacks enhances Bitcoin’s relevance. All contracts on Stacks are executed and recorded on the underlying Bitcoin, a time-tested solution with proven security and safety record.
Stacks amassed funding of $28 million in its very first token sale. This was made possible by the SEC qualification approval for selling Stacks in the U.S., a first for any cryptocurrency. Clearly, Stacks has demonstrated its intention to play by the rules and stay on the right side of the law. This gives investors strong confidence in the future of Stacks. It’s no wonder that Stacks has grown by over 200% in February 2023.
TMS Network (TMSN) is a new decentralized exchange that investors are calling the mother of all crypto exchanges. And, they’re not without reasons. For one, TMS Network is a non-custodial decentralized crypto that allows users to trade on the platform using funds directly from their wallet without depositing on the platform. Secondly, TMS Network (TMSN) gathers real-time trade data from multiple blockchains to bring the best deals on trades for its users. TMS Network (TMSN) users can also trade in equities and forex using crypto. That’s revolutionary for a DEX.
Naturally, TMS Network has garnered huge interest from the investor community. TMS Network (TMSN) just completed its stage 1 sale and has already gathered over $500,000 in token sales. Currently, TMS Network native token TMSN is valued at $0.025 and is expected to register over 1,000% growth in the coming months.
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