Since 2022, crypto investors have largely been investing in projects that have real-world use cases. Hence, Filecoin (FIL), Arweave (AR), and TMS Network (TMSN) have come to the spotlight. However, TMS Network (TMSN) has surpassed the market standings of Filecoin (FIL) and Arweave (AR) during its presale. The demand for TMSN tokens is so high that TMS Network has grown by more than 700%. TMS Network (TMSN) has successfully concluded the first stage of its presale, and has raised $500k in just two weeks, in addition to the $2 million raised in a private seed sale.
Filecoin (FIL) Eyes To Regain Its Market Share
The upcoming launch of Filecoin Ethereum Virtual Machine (FEVM) by the Filecoin (FIL) network is one of the biggest events in the crypto world. With FEVM, Filecoin (FIL) aims to bring smart contracts to its network. It will increase the development activities on the Filecoin (FIL) network. Filecoin (FIL) will launch FEVM on the main network on March 14. The Filecoin (FIL) community is hopeful that the launch of FEVM will cause a further increase in the market value of the token. The price of Filecoin (FIL) has risen by 32% in the last 30 days. Currently, Filecoin (FIL) is being traded at $6.87, which is 97% below its all-time high of $237.24.
Arweave (AR) Fails To Survive Competition
Ongoing bearish market conditions and rising competition have crippled Arweave (AR). The market performance of Arweave (AR) has only been declining in the past few weeks. The upcoming launch of FEVM, a smart contract platform, has also prompted many investors to shift from Arweave (AR) to the Filecoin network. These market challenges have kept Arweave (AR) in the red zone for the past many weeks. The price of Arweave (AR) has fallen by 9% in the last seven days. Moreover, Arweave (AR) has declined by 10% on the monthly chart. Consequently, Arweave (AR) currently trades at $10.19, which is 89% below its all-time high of $90.94.
TMS Network (TMSN) Goes Ballistic During Presale Round
TMS Network (TMSN) has been created to facilitate the online trading of various digital assets on a single platform. It is a blockchain-powered platform that aids in the faster and more transparent trading of cryptocurrencies, stocks, CFDs, and Forex.
TMS Network (TMSN) guarantees transparency, security, and accuracy in all transactions on its platform. The network utilizes smart contracts to execute trading activities. Hence, TMS Network (TMSN) eliminates the need for intermediaries to execute transactions on the platform. This enables TMS Network (TMSN) to bring its transaction fees down to maximize the benefits for users. The removal of middlemen also mitigates the possibility of manipulation and fraud on TMS Network (TMSN).
With its vast pool of assets, TMS Network (TMSN) can sustain enough liquidity on the platform. It allows a trader to complete transactions without any delay. Another notable quality of TMS Network (TMSN) is scaling. The network can supervise a surge in the number of transactions and users without compromising its speed. Moreover, $TMSN token holders will also get benefitted from the project’s revenue-sharing model. Through this model, TMS Network will distribute its commission-based revenue among all TMSN holders.
The network also promotes financial literacy through educational resources like market analysis and trade signals. TMS Network has proven its huge market viability with its tangible utilities, and investors are confident about TMSN tokens’ growth. The presale market price of TMS Network (TMSN) has increased from $0.003 to $0.025 during the first stage of the presale round.
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