The crypto industry witnessed a sharp rebound on Tuesday to trigger market-wide gains among cryptocurrencies. Aptos (APT) and Avalanche (AVAX) were among the biggest beneficiaries of the market turnaround. In the early hours of Tuesday, Aptos (APT) and Avalanche (AVAX) were leading the market with double-digit growth. However, TMS Network (TMSN) eventually surged past them with over 30% gains by midday. Perhaps, the news of TMS Network (TMSN) hitting the halfway milestone of its $12 million ICO sent the investors into a tizzy and doubling down on their TMS Network (TMSN) token holdings.
TMS Network (TMSN) once again stole the spotlight on Tuesday, in what was a market-wide crypto rebound. After a few painful weeks of downturn, the crypto market witnessed a surprise growth spurt, and TMS Network (TMSN) was at the center of the frenzy.
As investors searched for the crypto with the highest growth potential, they noticed that TMS Network (TMSN) recently crossed $6 million in funding and had already delivered over 300% returns to early investors in its ICO. For most retail investors, it was a no-brainer from there. They jumped at the chance to buy as many TMS Network (TMSN) tokens as they could lay their hands on.
TMS Network (TMSN) is a new DEX where traders can trade cryptos, CFDs, stocks, and forex. As the first DEX to support fiat asset trading, TMS Network (TMSN) has generated enormous buzz in the market. The project is well into its stage 4 presale session, where the TMS Network (TMSN) token is selling at $0.12, a bargain compared to its potential, according to analysts.
Aptos (APT) is one of the most ambitious blockchain projects in the crypto world. Aptos (APT) took its roots in the now-defunct Diem project by Facebook. Aptos (APT) envisions a platform that satisfies all the infrastructure needs of new blockchain and dApps developers for Web3. Aptos (APT) is EVM-compatible and can process 150,000 transactions per second. Since it uses the Move programming language, Aptos (APT) makes it radically easier for developers to create and deploy new dApps on the platform.
Although Aptos (APT) offers superior features to developers, it has not been successful in creating an ecosystem rivaling that of Ethereum (ETH). As a result, investors have been cautious of Aptos (APT). Tuesday’s surge demonstrated a strong conviction among investors in its ability, but Aptos (APT) is far from being a promising platform yet.
When blockchain developers launch a new infrastructure blockchain to overcome Ethereum’s (ETH) issues, they typically design a layer 2 blockchain on Ethereum (ETH). However, Avalanche (AVAX) is one of the few platforms to take the road less traveled. Avalanche (AVAX) is a layer 1 blockchain that uses a unique architecture that combines 3 individual blockchains into one platform. Each individual blockchain on Avalanche (AVAX) operates in a siloed environment and offers specialized features. X-Chain handles transactions, P-Chain performs staking and validation activities, and C-Chain offers DeFi features.
Using its unique architecture, Avalanche (AVAX) is able to execute 6,500 transactions per second. Compared to Ethereum (ETH), Avalanche (AVAX) is several magnitudes faster, cheaper, and more scalable. A number of projects like SushiSwap and TrueUSD have integrated with Avalanche (AVAX) to avail its powerful features. However, between Ethereum (ETH) undergoing upgrades and the availability of L2 chains for Ethereum (ETH), Avalanche (AVAX) is under strain to find ways to differentiate itself. Nevertheless, investor sentiment is positive for Avalanche (AVAX).
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