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Digital assets are seeing the end of the crypto winter and a return of the more prosperous times, according to recent developments and statistics. The recovery is still slow, but it is starting to happen. Meanwhile, the development continues, with devs of advanced projects arguing about the best way to proceed. Meanwhile, new platforms are emerging with groundbreaking solutions that could significantly improve investors' and traders' experience.
Recently, the largest regulated US crypto exchange, Coinbase, announced that it will soon launch its own layer-two network for Ethereum, and that it intends to use Optimism-based technology to do so. In response, OP price skyrocketed by 11% in 24 hours, adding to the project's recovering price.
Over the course of the last 30 days, OP has already seen a significant price improvement, which now makes it 31.68% higher than a month ago. At the time of writing, the Optimism price sits at $2.94 after seeing a slight correction. However, before the Optimism price dropped, OP managed to reach $3.21 on Friday, February 24th.
Meanwhile, developers of two major projects — Polygon (MATIC) and Solana (SOL) disagree on the use of ZK-powered L2s. Core developer of Polygon zkEVM, Jordi Baylina, and the co-founder of Solana, Anatoly Yakovenko, recently entered into a discussion regarding the matter on Twitter.
Yakovenko said that provers — elements of L2 systems that are responsible for the validity of transactions broadcast to the mainnet — cannot keep up with the underlying chain. As a result, Solana took a different route to address the scaling problem, which is the only one that is actually productive, according to the project. Meanwhile, Polygon's Baylina disagreed with this, stating that the data aggregation process between L1 and L2 can be changed and organized in parallel trees of proofs. The system is flexible, and there are no design bottlenecks, at least when it comes to zkEVM by Polygon.
Polygon itself recently struggled, seeing a 16% drop on a monthly basis. MATIC price is also down by 2.47% weekly, and 0.87% in the last 24 hours.
Crypto investors are constantly seeking for new opportunities, and after a year-long crypto winter, this is now more important than ever. Fortunately, good opportunities can be found, if you know where to look. One example is the recently launched platform known as TMS Network (TMSN). This is a decentralized trading platform that allows users to trade all derivatives via crypto payments.
More than that, TMS Network (TMSN) allows users to connect their wallets to the platform and execute orders without ever giving up their assets, even if they do not have an account. It is completely transparent and decentralized, and it lets you trade across all major exchanges. As a result, you never have to open an account again. But, what the TMS Network (TMSN) truly wishes to accomplish is to solve the problems of the crypto industry, such as offering access to multiple asset classes, solving the lack of transparency issues, offering risk management tools, expanding the possibilities of social trading, and more.
The reason why it is an opportunity right now is the fact that the platform is currently in the pre-sale stage of its token sale. The TMS Network (TMSN) token is available for $0.047 per unit, and the team hopes to hit a soft cap of $3 million or a hard cap of $12 million. But, given the TMS Network (TMSN)'s platform quality, innovative technology, and other benefits, the price of its token is very likely to skyrocket very quickly. With that said, investing now, when the TMSN tokens are still offered at a low price, and at the end of the bear market, seems like a great opportunity.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetwork
Twitter: https://twitter.com/tmsnetworkio
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
