TMS Network Raises $5.2 Million, While Cardano Fails to Benefit from Its Upgrade, and Solana Plummets Further
Today, there are thousands of cryptocurrencies and blockchain-based projects, each with its unique set of features and potential for growth. With so many options available, it can be overwhelming to choose the cryptocurrency or blockchain to invest in or use for your business. In this article, we’ll be focusing on three popular blockchain platforms – TMS Network (TMSN), Cardano (ADA), and Solana (SOL).
Experts recommend Cardano (ADA) investors to stay cautious
As investors in the Cardano project looked for signs of growth after the launch of its delayed Vasil upgrade a few months back, ADA volatility increased in 2023. This has made predicting the price of Cardano (ADA) a bit more difficult than it may have been otherwise, especially in light of a market upturn in early 2023. The recent price analysis of Cardano (ADA) indicates a significant bearish trend, as the coin has recently broken much below its price levels that were achieved in January. Since the month’s opening, sellers have been exerting pressure on the price. As of writing, Cardano (ADA) is trading at $0.36, and is trending down. The bears have been exerting significant effort to push the price of Cardano (ADA) further below. Currently, the price of Cardano (ADA) is showing that the coin is continuing its downward trend, and has plummeted by 7% in a month. Additionally, Cardano (ADA) has also dropped 88.30% from its peak value of $3.10.
Solana (SOL) drops by 8.48% in a month
The monthly price chart for SOL reveals a significant decrease below $22 due to selling pressure from investors. Strong bearish pressure in the market has brought Solana’s (SOL) price down to a new monthly low. The possible reason for this decline is the overbought condition that has been attained as Solana (SOL) continues its climb. The upswing in Solana’s prices (SOL) has been paused currently as the price is facing rejection at its peak prices. In the coming weeks, technical experts suggest that the price of Solana (SOL) will stay confined to a limited range between $20 and $23. In the past month, buyers were controlling the price action, but now sellers have been making profit, pushing the price of Solana (SOL) down. Once the bears halted the ongoing bullish lead, the price of Solana (SOL) moved down to $20.57, where it has stayed since. If the current selling pressure in the market continues, the price can fall considerably. The price of Solana (SOL) dropped 7.41% this past week.
TMS Network’s (TMSN) price grows to $0.088
The revolutionary decentralized platform of TMS Network (TMSN) has taken over the trading industry. TMS Network (TMSN) is a cutting-edge trading solution that leverages the Ethereum blockchain to address critical challenges in the crypto industry. TMS Network (TMSN) decentralized trading platform aims to disrupt the conventional trading paradigm by enhancing accessibility, efficiency, and security. By cutting out the middleman, TMS Network (TMSN) is able to provide its users with more favourable trading conditions, faster transaction times, and reduced fees.
The current presale value of TMS Network (TMSN) stands at $0.088, marking a threefold surge from when it first launched. Based on market analysis, there is a strong possibility that TMS Network (TMSN) may experience a significant surge in value, potentially exceeding $1.00 by year-end. This could result in substantial returns of up to 100x for investors who choose to allocate their resources towards TMS Network (TMSN).
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