The crypto market is booming, and every crypto adherent is enjoying huge dividends. As the boom continues, some cryptocurrencies are performing better than others. While established cryptos like NEO and Conflux are registering a growth of 50% in their values, the TMS Network is set to return 1000% to its investors. Here is what you need to know about these cryptocurrencies.
Launched in 2014 as AntShares, the open-source blockchain project was renamed NEO in 2017. The primary purpose of NEO is to trade and store various digital assets. NEO developers want to encourage developers to build smart contracts and dApps on the NEO blockchain.
The NEO blockchain works the same as the Ethereum network. The network constantly evolves, keeping it on par with current security standards and user preferences. It is a well-built platform with a strong use case.
The recent jump in NEO is primarily a consequence of the recent announcements from Hong Kong. Hong Kong made holding and trading in crypto legal, and mainland China is set to follow. NEO, often termed “Chinese Ethereum,” popped because the policy change can mean a larger adoption for NEO.
The Conflux network originated in China. The project is also known as the Shanghai Tree-Graph Blockchain Research Institute. Conflux is the only regulated, permissionless, and public blockchain operating out of China right now.
Conflux prices rallied 50% on the back of the rumours of the legalization of crypto assets in China. It is also believed that a part of the rally was because of its new partnership with Little Red Book, an NFT-based social media platform, and China Telecom. Both partnerships bring good exposure for Conflux. However, they do not reflect any innovation in blockchain technology. So, the impact of these developments may not be massive.
Given this rally, experts say that Conflux is overbought. It means that Conflux is set to see a price correction in the coming weeks.
TMS Network (TMSN)
The TMS Network (TMSN) has been in the news since the beginning of the year for its innovative approach to trading. The decentralized trading platform is paving the way to power traditional market trading with blockchain technology. TMS Network (TMSN) allows users to trade CFDs, Forex, equities, and cryptocurrencies. Without any intermediaries, traders can place their trades in real time. The process is 100% transparent, user-friendly, and low-cost.
TMS Network has generated so much interest among crypto investors that its stage 1 sale has concluded with a bang. TMS Network’s (TMSN) price skyrocketed to $0.025 at the end of the stage 1 presale. Its developers have raised over $500,000 in this stage in just two weeks. Given the highly practical applications of the TMS Network (TMSN), experts are rallying behind the crypto and predicting more than 1000% growth in the next few months.
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