The world of cryptocurrency and blockchain keeps evolving with new developments and trends. In this article, we will discuss the latest news pertaining to Aptos (APT), Solana (SOL), and a new crypto trading platform, TMS network (TMSN).
In this article, we dive deeper into Aptos’ (APT) impressive 350% growth, which may now face a significant obstacle, Solana (SOL) bears setting a $20 target for the currency, and the rising popularity of TMS network (TMSN) ahead of its launch.
Aptos (APT) Surges 350%
Since the beginning of 2023, the market has witnessed the incredible performance of Aptos (APT), which soared 350% in value. According to the crypto news website, CoinMarketCap, the 30-day performance of Aptos (APT) saw an increase of 302.31%. The spike in Aptos’ (APT) value has been due to various factors, such as positive news about its growth, interest from investors/traders, and an increased focus on its underlying blockchain technology.
After an impressive run, Aptos’ (APT) growth may face a stumbling block. News reports state that the waning buying pressure has resulted in the token’s price decline since the second week of February. Data shows that Aptos’ (APT) buying momentum has gone down significantly because many traders went ahead and cashed out the gains on their initial investments.
Currently, the Chaikin Money Flow (CMF) is downward at 0.05, which means Aptos’ (APT) price will likely decline further. A negative CMF value shows more selling pressure than buying pressure. As long as the CMF stays down, the expectation is that the price of Aptos (APT) may continue to drop.
Solana (SOL) Bears a $20 Target
There have been growing speculations in the crypto market regarding the value of Solana’s SOL token, which will likely drop to $20. The Solana “bears,” or traders, have set this price target based on their market analysis.
Earlier in December 2022, Solana (SOL) had an upward trend, and its price surged 184%. However, Solana (SOL) has lost momentum due to multiple rejections from the $27 level.
Due to continued correction, the price of Solana (SOL) may drop below $20. This potential price decline of Solana (SOL) is due to its adverse price action witnessed in most altcoins recently, since Bitcoin went below the $23,000 mark.
Although the $20 price target for Solana (SOL) is still speculative, it indicates a growing interest in the cryptocurrency.
TMS Network (TMSN) Gains Popularity before its Launch
TMS Network (TMSN) is a new blockchain-based decentralized platform that has gained popularity in the cryptocurrency market ahead of its launch. TMS Network (TMSN) is designed to provide a range of services to users, including cross-chain transactions, smart contracts, and decentralized exchanges. TMS Network (TMSN) has generated interest among investors and developers, with many speculating about its potential for disrupting traditional financial systems and facilitating new forms of commerce.
TMS Network (TMSN) generates revenue for itself, and its users, primarily through the trading commission on each trade. The commission on TMS Network (TMSN) is the percentage of the total trade volume that gets distributed automatically through smart contracts to TMSN token holders. This process of revenue sharing encourages the token holders to increase trading volume, leading to a recurring cycle of profitability and growth. As the launch of TMS Network (TMSN) approaches, potential investors and experts in the crypto industry are observing the platform and its potential impact on the blockchain landscape. TMS Network (TMSN) is currently trading at $0.029, which is 700% higher than its initial price.
Whitepaper: https://tms-net.netlify.app/whitepaper.pdf
Website: https://tmsnetwork.io
Presale: https://presale.tmsnetwork.io
Telegram: https://t.me/tmsnetwork
Twitter: https://twitter.com/tmsnetworkio