The cryptocurrency market is always abuzz with activity and excitement, and new projects are vying for attention and investment. In recent months, however, the buzz has centred around the explosive growth of TMS Network (TMSN), a decentralized finance (DeFi) platform built on the Ethereum blockchain. Meanwhile, established players like Aptos (APT) and Solana (SOL) are struggling to keep up, facing challenges that could bring losses in the long run. In this article, we’ll take a closer look at the current updates of Aptos (APT), Solana (SOL), and TMS Network (TMSN), and explore why the latter is garnering so much attention.
Aptos (APT) drops by 11% in 7 days
In January of 2023, Aptos (APT) hit a new all-time high, but in recent weeks, it has been steadily declining. With a growth rate of over 400%, the price of APT began an upward trend this year. Aptos (APT) eventually broke through its key support and resistance levels, but is facing rejection on its price charts. The price of Aptos (APT) has been falling since February. As a result, Aptos’ (APT) market value has dropped by 9% over the past 30 days. Aptos (APT) is trading at $11.27, which is 43% down from its all-time high of $19.90. Additionally, Aptos (APT) has dropped by almost 11% in the last 7 days, raising warning signs for investors. Technical experts are suggesting that the current bearish phase is likely to continue since Aptos (APT) has entered an oversold zone. Aptos (APT) investors should use extreme caution before making any moves in the market.
Solana (SOL) faces declining NFT activity
Since the past few years, Solana (SOL) has been declining consistently. Solana (SOL) reached its all time high of $260.06 in November 2021, and is now over 92% below. The price dropped all the way to $8 in December of 2022. On the other hand, 2023 started with Solana (SOL) showing remarkable growth. In January, the value of the SOL token increased by a staggering 230%. However, it was unable to breach the $27 barrier, and is still trading negatively. The possible reason for the decline could be that Solana (SOL) has seen a gradual reduction in NFT activity, despite a recent uptick in interest in NFT profile pictures (PFPs). The 349,937 NFTs processed by Solana (SOL) this February represent a reduction of 63% from the 944,010 NFTs processed in January. Additionally, from the beginning of the year, Solana’s (SOL) sales volume has steadily decreased alongside the network’s NFT trading volume. Solana’s (SOL) total NFT sales volume in January was $99.37 million, and the number is down to $35.35 million this month, which is a drop of over 60%.
TMS Network (TMSN) gains pace with its presale
A new decentralized trading platform, TMS Network (TMSN), has been making waves in the crypto market. Like other DEXs, it provides a secure platform for buying and selling cryptocurrencies, but takes it a step further. TMS Network (TMSN) is a platform that supports more than 500 different coins. In addition to cryptocurrencies, TMS Network (TMSN) users can trade a wide variety of other asset classes, including stocks, FX, and CFDs. TMS Network (TMSN) provides its users with a community-driven trading method that allows them to learn more about the market, and trade wisely. Currently, TMS Network (TMSN) is in its presale phase, and has been making waves with its massive gains. TMS Network (TMSN) presale has already brought in over $3.6 million, making it a popular option for investors seeking a secure and lucrative trading platform. TMS Network (TMSN) has established a reputation as one of the most rewarding investments of the year due to its extensive features, and cutting-edge technology. TMS Network’s (TMSN) tokens are presently selling for $0.046, up from its starting price of $0.003. Thus, whether you’re an experienced trader or just starting out, TMS Network’s (TMSN) vast utility and unrivalled use case make it a platform worth considering.
For more information on TMS Network (TMSN) please see the links below:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io