After (SOL) tumbled in November last year, many wonder if it is still a safe asset. It would not be surprising if most of those who lost their acquisitions abandoned cryptocurrency entirely. In this article, we’ll look at the price prediction of Solana (SOL) in 2023 as well as two alternatives: Polygon (MATIC) and TMS Network (TMSN).
TMS Network (TMSN) is a decentralized, Ethereum-based all-in-one trading platform that aims to revolutionize the traditional trading industry by addressing the industry’s most pressing issues, such as price manipulation, transaction delays, and a lack of trading education among traders. Polygon (MATIC), on the other hand, is an Ethereum layer-2 scaling network. A layer-2 scaling network is built on top of an existing blockchain system to increase scalability.
Solana Price Prediction
A quick recap: Solana is a layer-1 network that supports decentralized applications. Solana was created to “kill” Ethereum by offering faster transactions at a lower cost. In November 2022, Solana became entangled in the FTX-SBF saga, causing the coin to plummet dramatically. Solana fell from around $30 to less than $10 in days. FTX held a large amount of Solana (SOL), and when the crypto exchange began to fall, it took Solana (SOL) with it.
Solana has significantly recovered by 2023 and is currently trading around $20. Solana increased by more than 300% in January, reaching a high of $26.
Solana’s long-term price forecast remains optimistic. During the next bull run, Solana is expected to rise above $40. However, in the short term, Solana (SOL) is dominated by bears, with the primary cause being a generally bearish market sentiment. If market sentiment improves, Solana (SOL) could trade above $22 in the coming days. However, if the situation deteriorates, Solana (SOL) could fall as low as $16.
Why is Polygon (MATIC) Better?
Polygon, like Solana, was founded with Ethereum’s scalability issues in mind. However, while Solana (SOL) sought to replace Ethereum, Polygon (MATIC) was designed to collaborate with it. As a layer-2 network, Polygon (MATIC) first processes transactions before relaying them to the Ethereum mainnet. This enables users to interact with Ethereum without incurring expensive gas costs or experiencing slow transaction speeds. Polygon (MATIC) can process up to 7,200 transactions per second, compared to Ethereum’s 15.
Polygon (MATIC) outperformed Solana (SOL) in 2022 by a wide margin. While Solana (SOL) appeared to be on a continuous downward trend, Polygon (MATIC) held some key support levels and even posted some price gains. This was primarily due to the Polygon (MATIC) team’s ongoing ecosystem development and exciting partnerships with major brands. Polygon secured major partnerships with Coca-Cola and Disney in the summer of 2022.
Polygon (MATIC) is a better option than Solana because it is linked to a strong layer-1 network, has stable price action, and has strong partnerships.
Why is TMS Network (TMSN) Better?
TMS Network (TMSN) has a higher growth potential than Solana. TMS Network (TMSN) is a new market entrant with high utility and low market capitalization. As a result, there is more room for growth, especially in price. TMS Network (TMSN) is expected to return 100x by the end of 2023, according to market analysts. During the 2024-25 bull run, TMS Network (TMSN) will easily surpass 1000x.
What Makes TMSN Network Special?
TMS Network users can use cryptocurrency to trade all derivatives, including stocks, CFDs, cryptocurrencies, and forex. Furthermore, traders are not required to fill out unnecessary paperwork to open a trading account. All the trader has to do is connect their wallet to gain access to the majority of major exchanges. They can then enjoy a smooth trading experience while making withdrawals to their wallet.
The TMS Network’s decentralized trading platform provides increased liquidity. With a large asset pool, traders can access more markets, allowing faster trades and better prices for increased profits.
The TMS Network uses blockchain technology to become a decentralized exchange, eliminating the problems associated with centralization. These include inconsistencies in pricing, high trading fees, price manipulation, wash trading, transaction delays, insufficient trading experience, and a lack of trading education. Furthermore, blockchain technology ensures that the TMS Network remains secure and non-custodial, allowing traders to trade freely while being in full control of their funds.
$TMSN is the native token of the TMS Network. Holders of $TMSN have direct voting rights that affect how the platform is run. $TMSN holders also earn a commission on trading volumes other TMS platform users generate. The higher the network usage, the higher the revenue.
TMS Network (TMSN) has had an exceptional performance in its ongoing presale, selling out the first phase in just two weeks to raise over $500k. The second phase is already more than 30% sold out. This performance has the potential to outperform phase one’s. TMS Network (TMSN) will become a key player in DeFi, and you can invest today. Take advantage of the opportunity and join the presale at a discounted price of $0.032 per token.
For more information on TMS Network (TMSN) please see the links below:
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