It is a widely acknowledged fact that the blockchain industry is an ever-expanding industry because of its versatility and relevance across industries. Exploring this potential, Microsoft and Goldman Sachs have announced a partnership within the blockchain industry where they hope to utilize the benefits to meet the growing needs of their communities.
A synergy such as this is expected to improve the general outlook of the crypto market. However, XRP (XRP) and BNB (BNB) have failed to thrive despite this partnership, and TMS Network (TMSN) has outpaced the duo in the market.Â
TMS Network (TMSN)
TMS Network (TMSN) is a layer 2 network built on Ethereum. As a user-centric platform, TMS Network (TMSN) addresses the problems users experience with other networks. On TMS Network (TMSN), users are privileged to trade different commodities, including cryptocurrencies, CFDs, FX, and equities.Â
Additionally, to assist traders in making savvy trading decisions, TMS Network (TMSN) will offer social trading options where traders can imitate the trade of other successful and experienced traders. Complementing this on the TMS Network (TMSN) is the availability of trading bots that automate and execute trading strategies.Â
Since the start of its presale in 2023, TMS Network (TMSN) has thrived and recorded groundbreaking numbers. At the commencement of its presale, TMS Network (TMSN) traded at $0.0038, from which it made a stunning move to $0.046. Currently, TMS Network (TMSN) is trading at $0.088, a 1700% increase alongside $5.6 million in profit.Â
XRP (XRP)Â
XRP (XRP), an open-source permission less and decentralized network launched in 2021. As part of its offerings, XRP (XRP) offers cheap transactions, speedy transactions, and scalability. The purpose of XRP (XRP) is to operate as a settlement layer for the Ripple network, making transactions easier.
Examining XRP’s (XRP) price movement, XRP (XRP) has consistently fluctuated in the market. XRP (XRP) started the year trading as low as $0.36, from which it stunned the crypto space by going as high as $0.56. XRP (XRP) declined from this point to trade at $0.44, its current price.Â
Although currently trading higher than its year-opening price, XRP (XRP) has been unable to record a significant increase in the value of its token. Comparing TMS Network (TMSN) to XRP (XRP), the latter has greatly been outpaced by the former’s 1700% increase, with the latter struggling to muster a 50% increase.Â
BNB (BNB)Â
Launched on the BSC Network, BNB (BNB) is the native token of the A-list cryptocurrency exchange Binance. BNB (BNB) debuted on the Ethereum blockchain until it created its L1 blockchain. In a bid to improve its price, BNB (BNB) has been made deflationary with a quarterly scheduled coin burn. One of the focuses of the Binance network via BNB (BNB) is to provide a cheap and seamless transaction experience.Â
Taking a look at BNB’s (BNB) price stat, although it has appreciated, it is still unable to make a statement in the market. At the beginning of 2023, BNB (BNB) traded around $270, from which it began to climb steadily, going as high as $345. However, BNB (BNB) could not sustain this price which saw BNB (BNB) drop to $312.Â
Although trading at a higher value compared to its year-opening value, BNB (BNB) has been outperformed by TMS Network (TMSN). Within this period, TMS Network (TMSN) broke a new price recording $ 5.6 million in profit while BNB (BNB) noted an insignificant push as it could not benefit from Microsoft and Goldman Sach’s entry into the blockchain world.Â
ConclusionÂ
While BNB (BNB) and XRP (XRP) may benefit from Microsoft’s partnership with Goldman Sachs in the future, it is not a given. TMS Network (TMSN), on the other hand, seems to be pulling far ahead of its peers, even during its presale event. Savvy investors should purchase tokens during TMS Network’s (TMSN) presale to get what could be the best token prices ever for this up-and-coming platform.
You can find out more about TMS Network’s presale at the following links:
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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