After a long period of trending down, the market has shown signs of recovery. Investors have been scanning the market for opportunities. Polygon (MATIC) and Litecoin (LTC) are two popular crypto assets that are well-known and have vibrant communities. Supporters of these tokens will be looking to increase their holdings. TMS Network (TMSN) is in phase one of its presale and presents an opportunity for profit.
Polygon (MATIC) – Lagging Ethereum L2s
Polygon (MATIC) has done well since the beginning of the year. Up ~40% at the time of writing, Polygon (MATIC) has been working to integrate Zero-Knowledge tech within its ecosystem. However, performance has lagged behind Ethereum Layer-2s like Optimism (OPT).
The Polygon (MATIC) team is well funded, announcing recently that they have around $250 million in cash. Previously, there were rumors that Polygon (MATIC) was running low on funds. In February 2023, Polygon (MATIC) announced they were laying off around 100 developers. The reasoning was to reduce their burn rate, having spent around $200 million in 2022.
Polygon (MATIC) remains one of the most popular crypto investments. Yet, news of the cuts may be an early warning that things are not all sunshine and rainbows. If further cuts are announced, Polygon (MATIC) holders may start looking elsewhere.
Litecoin (LTC) – A Stagnant Chain?
Litecoin (LTC) has been around for years. Over the years, the narrative for Bitcoin has changed. Initially, it was portrayed as a viable payment network to replace centralized (fiat) currencies. It quickly became apparent that the Bitcoin network was too slow to fulfill this niche. One of the first Bitcoin forks, Litecoin (LTC) was created as a faster payment alternative to the Bitcoin network.
Yet, even Litecoin (LTC) proved too slow. With ever-faster chains launched in subsequent years, Litecoin (LTC) has been left in limbo. The narrative for both Bitcoin and Litecoin (LTC) has now become that of a store of value. This places Litecoin (LTC) as “the silver to Bitcoin’s gold.” However, this leaves Litecoin (LTC) stagnant from an investment standpoint.
Litecoin (LTC) is an unproductive asset – it doesn’t generate staking yield and doesn’t have a vibrant DeFi ecosystem. Hence, Litecoin (LTC) price performance has severely lagged behind other, more productive crypto assets.
TMS Network (TMSN) – Ripe Opportunity
Leveraging the security of Ethereum, TMS Network (TMSN) is a new bespoke decentralized exchange (DEX). Boasting an impressive asset range including cryptocurrencies, FOREX, CFDs, and equities, TMS Network (TMSN) is a one-stop-shop for traders from all backgrounds.
TMS Network (TMSN) holders benefit from exclusive access to advanced tools that give users a trading edge. On-chain data analytics, a strategy builder, social trading, and trading bots are just a few benefits. Another key benefit for TMS Network (TMSN) holders is a share in trading fee commissions.
Additional protocol revenue will be generated through ads. This will be another crucial factor in TMS Network’s (TMSN) success, funding continued development and expansion.
Conclusion
TMS Network (TMSN) may interest Litecoin (LTC) and Polygon (MATIC) investors looking to increase their bags. With the success of the presale, TMS Network (TMSN) is certainly turning heads. Click here for more information about TMS Network (TMSN).
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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