TMS Network (TMSN) Continues to Send Shockwaves Through Cosmos (ATOM) And TRON (TRX)

Many barrages of wonders have characterized the nascent blockchain ecosystem over time. So much so, there is now a saying which states that there are no new surprises left in the space despite its short history. 

With that in mind, it has come as a surprise to the market that the newest addition to 2023, TMS Network (TMSN), has proved such a success, sending shockwaves across the entire crypto world, particularly through more established cryptocurrencies like Cosmos (ATOM) and Tron (TRX).

TMS Network (TMSN)

TMS Network (TMSN) takes pride in the fact that it is big on transparency, low fees and fast transaction speeds and it was designed to be a revolutionary Web3-based social trading infrastructure.

Additionally, the network deploys cross-chain functionality and high scalability which results in faster transactions at a lower cost. TMS Network (TMSN) offers an AI-powered Strategy Builder, on-chain analysis leveraging blockchain technology, and a social trading network to boot in contrast to Cosmos (ATOM) and Tron (TRX).

These amazing, novel and innovative attributes have made TMS Network (TMSN) garner significant investment, with around $6 million raised so far and tokens available for purchase at $0.093 during its fourth presale round.

TMS Network (TMSN) has already witnessed a remarkable 2,000% increase, sending shockwaves through Cosmos (ATOM) and Tron (TRX).

Cosmos (ATOM)

Cosmos (ATOM) is a project with an innovative approach to facilitating seamless communication and integration between various blockchains. The Cosmos (ATOM) goal is to make blockchain technology more accessible to all users. 

Cosmos (ATOM) connects with external blockchains like Bitcoin and Ethereum using the IBC protocol to enable blockchain platforms to interoperate. Also, Cosmos (ATOM) has garnered attention for solving the scalability and compatibility issues hindering growth and adoption of blockchain technology.

The ATOM token is not only a network security token but also as a governance token and it serves as Cosmos (ATOM) native asset. Additionally, users can enhance network security, earn staking rewards, and receive a share of collected transaction fees just by staking the tokens.

As the cryptocurrency market continues to evolve, Cosmos (ATOM) appears to be positioning itself for a future where digital assets will move seamlessly across blockchains, but it still has not stopped the TMS Network (TMSN) from sending shockwaves through it and Tron (TRX).

Tron (TRX)

Tron (TRX) is a solid project with a scalable blockchain and a utility token that supports a stablecoin project called USDD in its ecosystem that Tron (TRX) directly backs. This stablecoin token is speculated that it could take the entire Tron (TRX) ecosystem down as it is rarely pegged to the dollar and has very risky fundamentals.

USDD is an algorithmic stablecoin that uses Tron (TRX) as collateral but it has been said that it is very similar to the Luna project which collapsed and lost virtually all of its value. 

Recall that Luna used its native token as collateral and had a large reserve of Bitcoin, but Tron’s (TRX) USDD project is even more dubious. It has a low and declining collateral ratio of 170% which is mostly composed of TRX-related assets, and Tron (TRX) had previously been dishonest about its USDC reserves.

With these many red flags which include flawed economics, TMS Network (TMSN) has continued to send shockwaves through Tron (TRX) and Cosmos (ATOM) as well.

Conclusion 

TMS Network (TMSN) enthusiasts are delighted to see the continued growth in the platform’s popularity which has sent shockwaves through Cosmos (ATOM) and Tron (TRX. The token is currently trading at $0.093 and is expected to grow higher. TMS Network (TMSN) is now in its fourth phase of presale after experiencing over a 2,000% surge.

For more information on the TMS Network (TMSN) presale, follow the links below:

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

Chainbits is not the source of this content. This article is provided for educational purposes only. Users should exercise caution with investing/dealing with cryptocurrencies and do thorough research prior.