Fantom (FTM) was created as a blockchain platform to offer ledger services to apps and businesses. Fantom’s (FTM) network operates as open-source, so anyone can customize it as per their needs. Moreover, Fantom’s (FTM) network is permissionless, so anyone can run its code. Fantom (FTM) aims to create an infrastructure for an efficient and connected future.
Solana’s (SOL) platform was created to facilitate faster transactions without eliminating decentralization. Similar to Fantom (FTM), Solana (SOL) is a flexible platform ideal for decentralized apps. Due to Solana’s (SOL) platform speed, the fees and congestion are reduced considerably. Solana’s (SOL) developers are hoping that its low fees and high speed will help it compete with centralized processors.
Speaking of decentralized platforms, TMS Network (TMSN) is poised to disrupt the traditional trading market. TMS Network (TMSN) platform plans to solve problems traders face, including high fees and slower transactions due to intermediaries. TMS Network (TMSN) allows quicker deposits, withdrawals, and increased liquidity. TMS Network’s (TMSN) large asset pool helps traders expand their market reach and execute trades quickly through increased liquidity.
Here’s how Fantom’s (FTM) app development is affecting its price action
Fantom’s (FTM) ecosystem took a hit in 2022 when their DeFi architect, Andre Cronje, departed. Fantom’s (FTM) ecosystem development stalled after his departure, and its competitors continued hosting various popular apps. Although Cronje rejoined Fantom’s (FTM) development team in November 2022, it was too late by then.
Fantom’s (FTM) price has dropped considerably since Cronje’s departure, and the lack of sustainable yields has reduced liquidity inflows. Fantom’s (FTM) token price is $0.460 at press time.
Solana’s (SOL) price is rising and is outperforming the rest of the market
Observers gave Solana (SOL) a neutral rating a week ago, and its token price is up by 1.03%, while the rest of the market is rising by 0.29%. Solana’s (SOL) token price is $22.58, and is trading near resistance.
Solana’s (SOL) neutral score is owing to its five-day price and volume movement. Although the sentiment score is a reflection of Solana’s (SOL) short-term performance, it is useful for short-term investors looking to benefit from the current rally. With Solana’s (SOL) support set at $22.93, it could face selling pressures soon. While Solana’s (SOL) trading volume has been low recently, this could pick up if the price drops.
TMS Network’s (TMSN) platform is on the rise
Although other tokens seem to be struggling, TMS Network’s (TMSN) platform is rising. TMS Network (TMSN) token price has seen its pump in the last few days and is trading at $0.025. TMS Network (TMSN) stage 1 of presale is almost sold out. TMS Network’s (TMSN) price rise can be attributed to its decentralized nature, which has resulted in a raise of $400K within a few weeks. Traders were looking for a trading platform with lower fees and faster transactions, and TMS Network (TMSN) seems to have provided the answer.
TMS Network (TMSN) primary revenue source is charging a commission from trading. Although a small commission is charged for each trade, TMS Network (TMSN) uses this revenue to upgrade its platform. TMS Network (TMSN) also uses a small percentage of the commission earned to benefit its token holders using smart contracts. TMS Network (TMSN) token holders benefit from the revenue-sharing mechanism, and as the platform grows, so do their rewards.
You can find out more about TMS below:
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