TMS Network Price Prediction: Does TMS Network Have The Potential?
TMS Presale: TMS is entering a market that is already clustered with competitors. Can it beat the competition?
Update: TMSN’s presale has experienced significant growth, raising $3.5 million within a month of launch, and its token price has increased by 1200% (Claim).
TMS Network Price Prediction: Is TMS a Good Investment?
TMS is a decentralized trading platform which is based on Ethereum. The purpose of the platform is to revolutionize the traditional trading industry and it aims to solve the current issues in trading including transaction delays, lack of trading education, and price manipulation. The intends to operate in 3 segments – Cryptocurrencies, Equity and Forex/CFDs
The following are the key features of the TMS network:
- A portfolio management application for traders to manage their portfolios from a single platform, with real-time monitoring and management tools.
- Price aggregation allows traders to place a single order for similar instruments in multiple exchanges and get the best price available.
- Arbitrage trading signals provide real-time information about trading opportunities in different markets and assets to generate profits from price differences.
- It offers non-custodial portfolio management for complete control and greater security.
- Personalized trading recommendations based on their goals, risk tolerance, and market conditions.
- Third-party trading research and analytics providers are integrated into the platform, offering traders access to the latest market insights, news, and analysis.
- TMS Network provides comprehensive cryptocurrency analytics, including real-time market data and insights into price movements, market trends, and trading volumes.
- With the help of its TMS social trading club, the network provides more opportunities for traders for improving their trading performances.
- Users can simply connect their wallet to trade, without requiring any bank account.
TMS is the native token of the TMS Network, which has the below-mentioned use cases:
- TMS token holders will get access to TMS trader courses to learn and trade like professionals.
- TMS holders can earn a portion of the revenue generated on the platform.
- Token holders can participate in governance decisions on the platform, including voting on proposals for new features, services, and improvements.
TMS Network implements a token burn mechanism where a portion of the trading commission revenue is used to buy back and burn TMS Tokens, reducing the overall supply of TMS Tokens, and increasing their scarcity and value.
Lastly, the TMS network is audited by Solidproof and has passed the security audit with zero major vulnerabilities.
While TMS is a good use case, competition is quite strong in this market.
TMSN Price Prediction: Competitor Analysis
The following are the most popular crypto trading platforms existing in the market:
Robinhood- It is one of the most popular crypto trading platforms that doesn’t charge any commission fee.
Binance- Binance is another popular trading platform that allows its users to buy and trade over 350 cryptocurrencies.
Cronos Chain– It is another platform that is focused on providing utility in terms of crypto payments and crypto trading.
Price movements of the most popular trading platforms
Here, we’ll briefly analyze the price movements of BNB and CRO for the last 1 year.
Past performance of BNB
- Last 7 days: +7.9%
- Last 1 month: +5.3%
- Last 6 months: +12.7%
- Last 1 year: -16.6%
Past performance of CRO
- Last 7 days: +1.9%
- Last 1 month: -7.2%
- Last 6 months: 35.5%
- Last 1 year: -82.2%
TMSN Price Prediction: Current Market Scenario For The Crypto To be Launched
As per the report, the global crypto market is expected to grow at a CAGR of 12.5% by the end of 2030. It means that with the increase in crypto trading, the demand for crypto trading platforms will certainly increase.
However, numerous existing crypto trading platforms have established themselves quite well in the market. Therefore, it leaves slightly less scope for a new platform to enter and grow.
Nonetheless, the TMS network offers good functionalities and some good use cases for TMS token holders i.e., the network allows its users to earn passive income by just holding TMS tokens in their account. Therefore, it might grow in the future if the market conditions become more favorable for crypto.
The roadmap of the network is described in the following mentioned stages:
Q3 2022: It includes the development of the business plan and market research.
Q4 2022: This stage includes the project planning including technical scope study, prototype building, team development, branding and whitepaper release.
Q1 2023: This includes website development, pre-sale phase 1 & phase 2 and community building.
Q2 2023: It includes the presale and public sale, preparation for launch and listing ion Uniswap, AI development & testing and Pre-sale phase 3 & phase 4.
Q3 2023: This stage includes token listing, TMS network mainnet launch, token listing on DEX, smart contract audits and token listing on centralized exchanges.
Q4 2023: It includes industry partnerships, trading and investments exhibitions, AI development and AI testing & integration.
Also Read: Metacade Price Prediction
TMS Network Price Prediction: Conclusion
No doubt that the TMS network has some good features to offer, but the market is already highly saturated with similar trading platforms. Therefore, the existing competition will also impact the future performance of TMS.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.