There has been a ballistic rise in the number of crypto projects since 2021. However, not all projects have been able to survive the market downfall that occurred in 2022. Magic (MAGIC) is one such token that has lost a significant market share in the last year. Meanwhile, a new project, TMS Network (TMSN), is being considered the best cryptocurrency that can outrun Ethereum in growth rate and market share. TMS Network (TMSN) has already risen by 1200% in the first month of its presale.
Magic’s (MAGIC) Use Cases In Treasure Metaverse Stagnates
As the crypto market has witnessed a boom in metaverses, many blockchain projects, including Magic (MAGIC), have been trying to encash the sentiments. Magic (MAGIC) is a native token that fuels the Treasure metaverse, which shot to fame in December 2022. Magic (MAGIC) allows communities to bootstrap new, and decentralized metaverses. Magic (MAGIC) tokens are used in three core products – Bridgeworld, The Beacon, and Trove. However, Magic (MAGIC) has the most usability in Bridgeworld.
But as the bears dominated the overall crypto market, Magic (MAGIC) was unable to move northward on the price chart. The market capitalization and value of Magic (MAGIC) have declined over the past few weeks. Its market capitalization has come down from more than $400 million to $350 million in the last 30 days. Magic (MAGIC) is out of the top 100 cryptocurrencies by market capitalization, as it is currently in the 115th position. Subsequently, Magic (MAGIC) has fallen on the price charts too. It has plummeted by 11% on the monthly price chart. Besides, it has tumbled by 8% in the last 24 hours. As a result, Magic (MAGIC) is currently changing hands at $1.73, which is 73% below its peak of $6.32. Magic (MAGIC) touched its all-time high more than a year ago on February 19, 2022.
TMS Network (TMSN) Ticks All The Green Signals
TMS Network (TMSN) has redefined the online trading industry by introducing a holistic platform where cryptocurrency and derivatives have been combined. TMS Network (TMSN) has solved major issues like price manipulation, lack of price uniformity, high trading fees, wash trading, low transaction speed, and absence of trading awareness.
It allows the trading of futures, cryptocurrencies, stocks, CFDs, and Forex, among other derivatives. Moreover, there is no requirement of opening a separate bank or trading account for using TMS Network. Users only need to connect their wallets to execute trading. There is institutional-level liquidity on the network, enabling traders to execute their transactions instantly. TMSN token holders will also receive passive income from the project’s commission-sharing model. TMS Network (TMSN) has launched a trading education program, under which newcomers can copy and learn big investors’ investment approaches. It has a strategy builder to help investors take a more logical and rational decision than a speculative one.
Smart contracts govern all trades on TMS Network (TMSN), and record activities on a decentralized public ledger. The project is close to finalizing its artificial intelligence infrastructure, and will integrate it into its main network before launching on the Uniswap exchange in June. Trading and investment exhibitions, industry partnerships, and brand awareness are also in the pipeline of TMS Network (TMSN).
TMS Network’s presale, which will supply the native token of the platform, $TMSN, is currently available to purchase at $0.041. The market value of TMS Network (TMSN) has increased by 1200% in the first month of its presale run. If you purchase $TMSN tokens now, you can get a 50% bonus on your purchase. The project has already raised over $3.2million.
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