The post TMS Network (TMSN) Overwhelmingly Dominates Solana (SOL) and Avalanche’s (AVAX) April Rallies appeared first on Coinpedia Fintech News
Avalanche (AVAX) and Solana (SOL) seem to have woken up from a slumber and entered a bull run. However, given the moderate crypto market momentum, predicting how long their bull runs will last is difficult. Simultaneously, the new entrant in the crypto market, TMS Network (TMSN), is also on an upswing. Interestingly, the newcomer TMS Network (TMSN) overwhelmingly dominates Solana (SOL) and Avalanche (AVAX) in gains.
Avalanche (AVAX) and Solana (SOL) share the same goal of solving the problems of scalability and speed facing the Ethereum blockchain. However, TMS Network (TMSN)has developed higher traction due to a different use case.
Avalanche (AVA) is Making the Right Moves
Avalanche (AVAX) was heavily affected by the collapse of Terra (LUNA) last year. It had been feeling the aftershocks of the development until recently. But, Avalanche (AVAX) seems to have grown out of it. Avalanche (AVAX) developers have started engaging more with its community. Avalanche (AVAX) is also working on improving its presence in the stablecoin market.
The team at Avalanche (AVAX) is working on changes to the network to improve its functionality and provide better services to dApps developers. These improvements are believed to make the Avalanche (AVAX) chain more scalable and robust, contributing to the recent Avalanche (AVAX) rally. While developers have made certain upgrades, Avalanche (AVAX) still doesn’t offer a long-term solution for scalability.
Last month, Avalanche (AVAX) dropped to $14.01, but the April rally has pushed its price by 46% in one month. But, Avalanche’s (AVAX) price has already started showing a drop, which is a little worrying.
Is Solana (SOL) Regaining Traction?
Solana (SOL) was also deeply impacted by the fall of the FTX Exchange. FTX held a huge chunk of Solana (SOL) tokens, and Sam Bankman Fried was one of the biggest promoters of the altcoin. With the FTX collapse, the market was flooded with Solana (SOL), and it lost a major backer. However, with time, Solana (SOL) is trying to make a comeback.
The biggest push to Solana (SOL) prices comes from the launch of Solana (SOL) Mobile on April 13. The Solana (SOL) community has been waiting for the blockchain smartphone since last year. Finally, the launch was bound to push the crypto price up.
Solana (SOL) has been working on its downtime issues to improve the stability of the network. Recently, Solana (SOL) was hit by another outage that lasted almost a day, halting all operations on the blockchain. Besides the outages, a Solana-based DeFi project also lost $2 million to hackers.
In the past week, Solana (SOL) has already appreciated from $20.28 to $24.8. But Solana’s (SOL) prices are falling today. So, the bull run may be on its last leg. Solana (SOL) will have to continuously innovate to beat the competition and reach an inflection point in its growth.
TMS Network (TMSN) Growth Dwarfs Others
TMS Network (TMSN) made its presence felt right since the stage 1 presale was announced. It raised $500,000 in the stage 1 presale alone and was priced at $0.025. The next two stages of presale have been even more successful. TMS Network (TMSN) allows developers to build DeFi projects and execute smart contracts. Its USP is that the platform also enables traders to trade crypto asset classes like cryptocurrencies and CFDs and traditional asset classes like equities and forex.
TMS Network (TMSN) unique use case pulled the investors to its stage 1 presale. TMS Network’s (TMSN) growth potential has pulled an overwhelmingly high number of investors to the chain. In the stage 2 presale of TMS Network (TMSN), the price reached $0.05, a full 100% appreciation, and the project raised another $3.5 million. The ongoing stage 3 presale is only 40% complete, and TMS Network (TMSN) price has already reached $0.08.
According to experts, the positive sentiment around TMS Network (TMSN) and the strong momentum will easily help the token grow beyond 5,000% after its launch.
The 2-digit rallies of Avalanche (AVAX) and Solana (SOL) do not hold a candle to the growth TMS Network (TMSN) has already delivered to its investors, and the 4-digit growth it is expected to deliver in the near future.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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