Some crypto tokens such as Solana (SOL) and 1Inch Network (1INCH) have a reputation for persistent innovation, but unfortunately, this is sometimes still not enough to stay afloat. Solana (SOL) has been hit hard due to the closure of its ‘Solana Spaces’ whilst 1Inch Network (1INCH) has dropped in value significantly in 2023, demonstrating that innovation isn’t everything.
However, this isn’t the case for every token – TMS Network (TMSN) is thriving, raising over $500k in its initial first-wave presale that lasted just two weeks! Read on to find out what TMS Network (TMSN) is doing differently to Solana (SOL) and 1Inch Network (1INCH) to ensure that it keeps afloat!
Solana (SOL)
Solana (SOL) has long since been known as a huge innovator in the crypto sphere, with notable innovations including its sustainable PoH (Proof of History) network, forking events, and even the opening of retail stores. In 2022, Solana (SOL) opened its ‘Solana Spaces’ venues where crypto beginners can learn more about the potential of investing in crypto. The first stores were opened in New York City and Miami, with 10 more initially planned to open in 2023.
However, this has not gone to plan for Solana (SOL) – the token recently announced that it would close its NYC and Miami stores, leading many investors to assume that the additional 10 stores are now off the cards. This situation reflects the bear market of 2022, the recent forking event glitch of Solana (SOL), and an overall oversaturation of PoS (Proof of Stake) tokens. Unfortunately, the accumulation of these events has led to Solana (SOL) being hit hard in 2023.
1Inch Network (1INCH)
One of the biggest challenges faced by crypto token providers is scalability and liquidity – without the necessary liquidity to meet demands, tokens are unable to scale and grow. This is a problem that 1Inch Network (1INCH) has set out to solve, providing liquidity mining infrastructure that can help boost hype in a token, help crypto enthusiasts earn rewards, and most importantly provide tokens with the liquidity they need to grow.
The concept behind 1Inch Network (1INCH) was highly unique when it first arose, but unfortunately, this cannot be said in 2023. 1Inch Network (1INCH) is facing significant competition from a rising number of liquidity-focussed crypto startups, and this market saturation has seen the 1Inch Network (1INCH) tanking over the last couple of months.
TMS Network (TMSN)
TMS Network (TMSN) offers a decentralized investment platform for beginners and experts alike, offering all of the educational resources, social communities, analytic tools, and advanced AI trade bots necessary for investors of any level to thrive. The TMS Network (TMSN) platform stands out by unifying crypto with derivatives, empowering investors to diversify their crypto portfolios into CFDs, FX, equities, and more.
Despite its cutting-edge features and future-thinking $TMSN voting system, TMS Network (TMSN) may not seem as fresh of an idea as concepts such as 1Inch Network (TMSN). However, the concept behind TMS Network (TMSN) is far more applicable to everyday investors as opposed to 1Inch Network’s (1INCH) B2B approach. This has led TMS Network (TMSN) to build huge hype, selling out its first stage of presale at $500,000 in just two weeks.
Conclusion
2022 was a bumpy year for crypto, and it is unfortunate that this has had a negative impact on market leaders such as Solana (SOL). Increased market saturation has even made it difficult for the likes of 1Inch Network (1INCH) to grow, but despite all of these odds, TMS Network (TMSN) is continuing to thrive in 2023.
With its highly accessible and education-first approach to investing, there’s no wonder why TMS Network (TMSN) has managed to avoid negative market sentiment. TMS Network (TMSN) has raised a total of $2.5 million so far and this figure is only set to grow with the ongoing success of the second wave of presale. So, don’t just sit there – take action before the second wave of the $TMSN presale sells out just like the first!
Follow the links below to find out more:
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Twitter: https://twitter.com/tmsnetworkio
Der Beitrag Solana (SOL) Hit Hard by Solana Spaces Closure, 1Inch Network (1INCH) Drops in Value as TMS Network’s (TMSN) Rockets Raise Over $500k in Two Weeks erschien zuerst auf Crypto News Flash.