Home
News
TMS Network (TMSN) has recently gained traction as a hedge against the volatility of the cryptocurrency market. Despite being relatively new, this new DeFi token has impressed traders, among them Aave (AAVE) and Polkadot (DOT) holders. Aave (AAVE) and Polkadot (DOT) have been on a continued downtrend, forcing investors to rethink their market positions. Meanwhile, TMS Network has made a strong case for itself, and market analysts and investors believe it has the potential to outperform AAVE and DOT.
Aave (AAVE) to Fall over the next week
Aave is a DeFi-focused open-source protocol that enables users to lend and borrow cryptocurrencies. It was launched in 2017 by entrepreneur Stani Kulechov and was known as ETHLend until September 2018, when it was rebranded. AAVE is the native token of the protocol and an ERC20 token that runs on the Ethereum Network. In addition to lending, Aave provides developer tools, blockchain-based games, and payment services.
The live price of Aave is $53.93, with a 24-hour trading volume of $137.48 million and a market cap of $776.89 million. The AAVE price climbed 3.06% in the last 24 hours. However, it’s still over 90% below its all-time high of $664.97, set in 2021.
According to CoinCodex data, Aave is expected to fall further over the coming week and hit $51.30 by June 25, 2023. Technical indicators show that current AAVE sentiment is bearish, with a Fear & Greed score of 49.
Polkadot (DOT) is Still Bearish
Polkadot (DOT) is an open-source protocol that facilitates the transfer of wealth and data between previously incompatible blockchains. DOT supports parachains, numerous chains that independently verify different transactions, allowing it to become more scalable.
DOT is currently trading at $4.70, with a 24-hour trading volume of $281.46 million and a market cap of $4.64 billion. It is up 4.07% in the last 24 hours.
Polkadot hit a high of $54.98 in November 2021. Much of its worth has since been erased by the bear market.
According to a price forecast by CoinCodex, the price of Polkadot (DOT) is still going south. DOT is expected to fall by 3.83% to $4.44 by June 25, 2023. Technicals indicate the current sentiment is bearish, with the Fear & Greed Index neutral at 49.
Invest in TMS Network (TMSN) instead
With Aave and Polkadot (DOT) consistently underperforming, investors are looking for ways to diversify their holdings. Given the hundreds of thousands of cryptocurrencies in the market, it becomes challenging to identify high-return cryptocurrencies. However, market analysts have identified TMS Network (TMSN) as a viable option. The new DeFi star has a solid value proposition and more than 100x growth potential, making it a must-buy ahead of the 2024–25 bull run.
TMSN is the first of its type, allowing users to trade all derivatives using crypto payments. The protocol is built on Ethereum, allowing it to take advantage of the decentralized qualities of the layer-1 network. As a result, customers can trade derivatives without creating a new trading account every time they want to try a new exchange.
Users can trade across all major exchanges by simply connecting their wallets to the TMSN platform and never have to open a trading account again.
One of the standout features of TMS Network is its novel revenue-sharing model.
Holders of TMS tokens become part of the TMS Network (TMSN) infrastructure. They are paid with a portion of the revenue generated by trading activities on the platform. Smart contracts automate revenue allocation, assuring transparency and fairness.
TMSN is currently in presale, which means you can accumulate TMSN at a steal. The current price of TMSN is $0.12. TMS Network is projected to rank among the market leaders due to its first-mover advantage and unique revenue-sharing model, making it even more attractive.
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
