Arbitrum (ARB) and Solana (SOL) have been reeling under bearish pressures for a while now. Recently, a milieu between bears and bulls resulted in a temporary spike in trading volumes of the two tokens. There have been several issues that have been plaguing both tokens for a while now. However, with the arrival of a high-profit ICO like TMS Network (TMSN), the problems of Arbitrum (ARB) and Solana (SOL) have just gotten worse. Here is what's happening.
Arbitrum (ARB) is a layer-2 scaling solution for Ethereum. The token employs optimistic rollups to improve efficiency and lower transaction costs on the Ethereum network. The Arbitrum (ARB) price drop has followed the same trend that most airdropped tokens follow. The anticipation of the airdrop led to a jump in price, but once the hype died down, Arbitrum (ARB) fell in price.
Arbitrum's (ARB) bigger problem is the drop in the daily volume of transactions. It has dropped from $2.86 billion to $1 billion. This is a drop of more than 50% in volumes. This and the price decrease suggest that the investors are leaving Arbitrum (ARB) to find better opportunities. Currently, TMS Network (TMSN) offers the best opportunity for crypto investors to grow their capital.
While Arbitrum (ARB) is unlikely to show any upside movement soon, TMS Network (TMSN) has already delivered over 3000% returns to its investors.
Solana (SOL) leverages blockchain technology to offer DeFi solutions to crypto users. Solana (SOL) was a highly publicized crypto and one of the market's top performers. However, the fall of FTX in 2022 completely hurt Solana (SOL) badly. While most cryptocurrencies have come out of the after-effects of the black swan event, Solana (SOL) is still reeling under its impact. On top of it, Solana (SOL) is operating in a highly competitive market and is slowly losing its competitive advantage.
If you look closely, Solana (SOL) now shows a worrying trend of low transaction volumes and high volatility. Even after Solana's (SOL) price went on an uptrend, the volumes remained low, and selling pressure remained high.
It looks like investors are leaving Solana (SOL) at the best price they can get to move to better crypto investments like TMS Network (TMSN).
TMS Network (TMSN) has cemented its position as the biggest ICO in 2023 yet. The decentralized exchange allows traders to trade in crypto assets as well as traditional assets. The asset classes on TMS Network (TMSN )include cryptocurrencies, CFDs, forex, and stocks. TMS Network (TMSN) use case has attracted a lot of investors who are moving big money to help the platform's development.
The stage 1 presale raised $500,000 for TMS Network (TMSN). The stage 2 presale ended just a little shy of the $4 million soft cap. The stage 3 presale is underway and is proving to be an even bigger hit than the last two presale sessions. Currently, TMS Network (TMSN) is trading at $0.08. Experts predict that after the launch, TMS Network (TMSN) will maintain the high momentum as more whales move their capital and register returns as high as 5,000%.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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