TSM Takes on Avalanche (AVAX), and Polygon (MATIC) Price Plummets, while TMS Network (TMSN) Shows Signs of Growth Amidst Market Downfall
In recent news, Avalanche (AVAX) has secured an exclusive partnership with TSM, the popular esports organization. Meanwhile, Polygon (MATIC) has experienced a significant price drop of 27%. However, amidst the market downturn, there are signs of growth from TMS Network (TMSN), a promising project that aims to revolutionize the industry
Gaming Colossus TSM Picks Avalanche (AVAX) for Exclusive Blockchain Partnership
Team SoloMid, popularly known as TSM, has chosen Avalanche (AVAX) as their exclusive blockchain partner. The professional esports organization, based in the USA, will collaborate solely with Avalanche (AVAX) for this venture. Avalanche (AVAX) will also help launch a Subnet to bring Blitz to blockchain.
Avalanche (AVAX) is a blockchain platform that assists developers in creating decentralized applications (dApps). About 500 projects exist on the chain right now, due to the low fees, quick transactions, and the environmentally-friendly Avalanche (AVAX) network.
At press time, the price of Avalanche (AVAX) is $14.72, with a trading volume of $366,007,551 over the past 24 hours. The price has decreased by 5.21% during this period. According to CoinMarketCap, Avalanche (AVAX) currently holds the #17 rank, with a live market cap of $4,791,155,783.
Polygon (MATIC) Price Down 27%
In mid-February, Polygon (MATIC) reached its peak at $1.54, but the price has since plummeted by 27%. As investors prepare for the next rally, it appears that some are cutting their losses. Polygon (MATIC) is a Layer-2 (L2) scaling solution that addresses Ethereum’s throughput issues, and high fees. Despite Ethereum’s successful transition to proof-of-stake (POS), and its network upgrades, some investors have expressed concerns about the long-term sustainability of the Polygon (MATIC) ecosystem. Nonetheless, Polygon (MATIC) remains a popular option for developers due to its ability to enable faster and cheaper transactions on the Ethereum network, using a Proof-of-Stake consensus mechanism. Additionally, developers can use the network to build decentralized applications (dApps), further solidifying Polygon’s appeal as a preferred platform for Ethereum-based projects.
As of today, the price of Polygon (MATIC) is $1.05, with a trading volume of $957,610,551. MATIC has experienced a 4.64% increase in value in the past 24 hrs. Currently, Polygon (MATIC) holds the #8 spot on CoinMarketCap’s ranking, with a market capitalization of $9,214,006,074. The circulating supply of MATIC coins is 8,734,317,475, while the maximum supply is 10,000,000,000.
TMS Network (TMSN): The Ultimate Hedge Against Market Downfall
Despite the recent market upheaval and widespread volatility, TMS Network (TMSN) has continued to perform admirably, demonstrating the strength and reliability of its innovative blockchain-based platform. As the market struggles to find its footing, TMS Network (TMSN) is emerging as a beacon of stability and security for investors seeking a safe haven in the cryptocurrency space. The recent success of the first round of presale, which sold out all allocated tokens within two weeks, has only added to the excitement surrounding TMS Network (TMSN).
Additionally, TMS Network (TMSN) has emerged as an outstanding hedge against the current market downfall due to its unique approach to decentralized finance. The current presale price of TMS Network (TMSN) is $0.038. As the cryptocurrency market has recently experienced a downturn, investors have been turning to TMS Network (TMSN) as a potential safe haven investment.
TSM’s exclusive partnership with Avalanche (AVAX) could pave the way for blockchain technology in the esports industry, while the recent price drop of Polygon (MATIC) highlights the risks associated with investing in cryptocurrencies. On a positive note, TMS Network (TMSN) has shown signs of growth amidst the market downturn.
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