There has been a sudden increase in the emergence of Fintechs. Accompanying this increase is the consistent growth of existing ones. In the economic nature of Fintechs, cryptocurrencies are the major form in which fintechs store their assets. The success of Fintechs would also translate to the success of cryptocurrencies.
In line with this, TMS Network (TMSN) has benefitted from the growth of fintech, accumulating a total of 1700% increase at its presale stage. On the flip side, Filecoin (FIL) and Avalanche (AVAX) are facing endangerment.
TMS Network (TMSN)
TMS Network (TMSN), a non-custodial trading platform presents different financial trading services including stocks, crypto, forex, and CFDs. Built on the Ethereum Network, TMS Network (TMSN) allows traders to imitate the trades of other experienced and successful traders to guarantee profit. As icing on the cake, TMS Network (TMSN) provides traders with different risk management tools.
Buffing up on-chain security, TMS Network (TMSN) makes use of encryption, multi-sig wallets, regular security audits and assets insurance. TMS Network (TMSN) also guarantees spears real-time trading with high scalability. Utilizing brokers and tier-1 banks TMS Network (TMSN) aggregates all orders by picking the best price which births better fills and better prices.
With TMS Network’s (TMSN) stellar record and recent success, it’s crystal clear that TMS Network (TMSN) has leveraged and benefited from the growth of fintech. TMS Network (TMSN) opened its presale in 2023 and it has recorded a total of 1700% increase. TMS Network (TMSN) currently trades at $0.088 with a total of $5.6 million as its generated profit.
Filecoin (FIL) is a decentralized network that facilitates the purchase and rental of storage space. Through Filecoin (FIL), users enjoy cheap transactions by creating a larger free market for data storage. Filecoin (FIL) also boasts of its scalability as it connects computers to create a massive storage network.
Despite its features, Filecoin (FIL) has been unable to take advantage of the growth of Fintechs which has made it struggle in the market. Filecoin (FIL) opened the year trading as high as $9.8. However, from this point, Filecoin (FIL) began to plummet without resistance amidst the growth of Fintechs.
After falling from its 2023 all-time high of $9.8, Filecoin (FIL) is currently trading at $4.5, about a 50% fall. While this was ongoing, TMS Network (TMSN) surged greatly, rallying a 1700% increase. With Filecoin (FIL) prolonging winter, its extinction is imminent if there is no change.
Avalanche (AVAX) is an open-source decentralized network created to solve the blockchain trilemma- security, scalability and decentralization. To achieve this, Avalanche (AVAX) makes use of the proof-of-stake mechanism. To run decentralized apps, Avalanche (AVAX) facilitates smart contracts to facilitate blockchain interoperability.
Avalanche (AVAX) has struggled in the market despite the boom of Fintechs. Starting the year around $21.8 Avalanche (AVAX) experienced a sudden dump trading at $14.15. Giving a glimpse of hope, Avalanche (AVAX) surged trading at $21.42. However, this hope was cut short as Avalanche (AVAX) plummeted again to trade at its current value of $15.2.
Avalanche’s (AVAX) inability to leverage the boom of Fintechs has raised concerns over its longevity as it consistently struggles in the market. As Avalanche (AVAX) woes continued, TMS Network (TMSN) continued to thrive in the market recording $5.8 million as total revenue.
Taking a look at the trio, it is clear as day that TMS Network (TMSN) is miles ahead of its peers which are Filecoin (FIL) and Avalanche (AVAX) that are now facing the prospects of extinction.
TMS Network (TMSN) has continued to excel amidst all trends in the tech space. The boom of fintechs has served as a blessing to TMS Network (TMSN) while Filecoin (FIL) and Avalanche (AVAX) are in a conundrum.
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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.