Polygon (MATIC) and Aptos (APT) opened to the crypto market with much fanfare. Their marketing was strong, and their use cases were stronger. With the crypto users becoming more aware, the market evolving rapidly, and the competition heating up, tokens like Polygon (MATIC) and Aptos (APT) are losing steam. However, TMS Network (TMSN) seems to offer crypto investors a use case they need. It is fulfilling a demand, showing in the 2400% gains racked up by the token.
Polygon (MATIC) positioned itself as a solution to the high transaction fee on Ethereum. However, Ethereum upgrading its system from Proof-of-Work (PoW) to Proof-of-Stake (PoS) has raised concerns about Polygon's (MATIC) utility.
The proof is in the pudding. Polygon (MATIC) has steadily declined its new addresses since late last December. The Shanghai upgrade announced by the Polygon (MATIC) added to the woes of the blockchain, which saw a further decline in the number of addresses on the blockchain. The decrease in the Polygon (MATIC) wallet addresses is a big concern for investors. The downtrend is a sign of decreasing interest in the blockchain, which brings down the demand and its price.
The whale movement is also showing signs of trouble. According to the latest reports, addresses holding 10 million to 100 million Polygon (MATIC) tokens have redistributed or sold around tokens worth $56 million.
The price movement of Polygon (MATIC) is showing a downtrend as well. Polygon (MATIC) has dropped from $1.54 to $1.16 in one month. And, Polygon (MATIC) continues to drop under bearish pressure.
Aptos (APT) airdrop was highly publicized in the crypto industry. Aptos (APT) did deliver on the launch hype. However, it has since been dropping. The token has completely lost momentum, and the demand for Aptos (APT) has declined dramatically. The bearish pressures are keeping Aptos (APT) in the lower circuits.
The positive sentiment around Aptos (APT) has also declined. There are rumors that there are serious tensions going on between the Sui blockchain and the Aptos (APT) blockchain. Both blockchains have developers from Facebook's now-defunct Diem blockchain.
The Aptos (APT) token has been dropping since January 2023. Aptos (APT) has fallen from its high of $18.73 to an unimpressive $12.5 in April. This downtrend will likely continue in the foreseeable future.
TMS Network (TMSN) has registered incredible gains since its presale was announced. Its primary pull is its unique use case. TMS Network (TMSN) enables users to trade a wide spectrum of asset classes, including cryptocurrencies, CFDs, equities, and forex. Such universal nature of its appeal makes it attractive to both traditional traders and crypto traders.
The response to the presale sessions of TMS Network (TMSN) has been spectacular. In the stage 1 presale,TMS Network (TMSN) raised $500,000 at $0.025. It concluded the stage 2 presale with an impressive $4 million funding. The ongoing stage 3 presale of TMS Network (TMSN) is proving to be a roaring success too. The stage 3 presale is only 40% complete, and the price of TMS Network (TMSN) has hit $0.08.
For its early investors, the decentralized exchange has already delivered over 3,700% in returns. Experts are of the view that this is only the beginning for TMS Network (TMSN). They put the post-launch returns from TMS Network (TMSN) in the vicinity of 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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