Cardano (ADA) and Solana (SOL) Fails to Boost Its Token Value, While TMS Network (TMSN) Appears to be in a Strong Position to Achieve Significant Gains
Despite the recent market turmoil, Cardano (ADA) has seen an impressive 6% increase in value, while the team behind Solana (SOL) has released a new generative art NFT platform. Additionally, TMS Network (TMSN) seems to be in a strong position to achieve gains.
Market Chaos Can’t Keep Cardano (ADA) Down: Rises 6%
With Cardano (ADA) being developed by Ethereum co-founder Charles Hoskinson, it was the largest cryptocurrency to use a proof-of-stake blockchain at its launch in 2017. Furthermore, Cardano (ADA) is an open-source and decentralized blockchain platform. Cardano (ADA) can facilitate peer-to-peer transactions with its native cryptocurrency, ADA. Cardano (ADA) has displayed upward momentum against Bitcoin, despite the recent volatility in the cryptocurrency market. Analysis of on-chain data suggests that large investors, known as whales, are actively purchasing the cryptocurrency. This trend could be linked to the widely used “buy the dip” strategy, in which investors take advantage of market downturns to purchase assets at reduced prices.
At press time, the price of Cardano (ADA) is $0.307668, accompanied by a 24-hour trading volume of $559,803,677. Over the last 24 hours, Cardano (ADA) has experienced a decrease of 2.72% with a live market capitalization of $10,673,314,294. The circulating supply of Cardano (ADA) is 34,691,043,899, with a maximum supply of 45,000,000,000.
Solana’s NFT Platform Fails to Boost SOL’s Value Amid Market Downturn
Exchange.Art, the Solana (SOL)-based digital fine art marketplace said that they are releasing a generative art non-fungible token (NFT) platform named Code Canvas.This Solana (SOL) based platform will allow creators and collectors to mint and trade generative art NFTs on the Solana (SOL) blockchain. Similar to flagship Ethereum-based generative art platform, Art Blocks, Code Canvas will curate primary drops, as well as secondary sales of Solana (SOL) based generative art NFTs. Additionally, the Solana (SOL) Based Code Canvas aims to reward creators and their loyal fans though CoCa passes, which grants holders lifetime access to NFT drops as well as minting services. Even with this development, the Solana (SOL) prices have continued to plummet and the future seems uncertain.
The current trading price of Solana (SOL) is $17.35, and its 24-hour trading volume is $1,115,052,969. However, Solana (SOL) has experienced a 6.16% decline in the last 24 hours.
TMS Network (TMSN) Has a Strong Position
When TMS Network (TMSN) announced its new platform, it generated a lot of enthusiasm among traders. TMS Network (TMSN) quickly changed the trading world with its decentralized platform. By adopting TMS Network (TMSN), traders can now deposit and withdraw instantly. As it is built on blockchain technology, TMS Network (TMSN) aims to provide a secure trading environment for everyone. This comes close on the heels of stage 1 of presale, which closed earlier than expected and generated over $500,000. As TMS Network (TMSN) continues to grow, the token holders will profit from increased trading volume due to its revenue–sharing model. Analysts predict that TMS Network (TMSN) will be the next 100x token by early 2023, and it is currently priced at $0.047 during its presale stage 2. As the second presale phase continues, the price of TMS Network (TMSN) continues to rise.
The ever-dynamic crypto space has seen a lot of changes with Cardano (ADA) going up 6%, Solana’s (SOL) failure to keep afloat during the chaos, and TMS Network’s (TMSN) powerful hold against the market turmoil. There seems to be a lot in store in the crypto space amid the undulating markets.
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