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05/17/2023

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Galaxy Digital $134M Q1 Profit Lends Success to DeFi Gem TMS Network (TMSN) as Monero (XMR) and Cosmos (ATOM) Dwindle

Quarter one of 2023 proved auspicious for players in the digital industry because of an improvement in the market. According to Michael Novogratz, Galaxy Digital CEO, and founder, the crypto financial services firm recorded $814 million profit in the first three months of 2023.

Galaxy Digital $134M Q1 Profit Lends Success to DeFi Gem TMS Network (TMSN) as Monero (XMR) and Cosmos (ATOM) Dwindle

Quarter one of 2023 proved auspicious for players in the digital industry because of an improvement in the market. According to Michael Novogratz, Galaxy Digital CEO, and founder, the crypto financial services firm recorded $814 million profit in the first three months of 2023.

DeFi gem, TMS Network (TMSN), has received this news in good spirits as it has continued to experience unparalleled growth and success while, on the other hand, Monero (XMR) and Cosmos (ATOM) dwindle.

TMS Network (TMSN)

With the news of Galaxy Digital recording profits, TMS Network (TMSN) has already overperformed prominent altcoins even though it is still in the second stage of its presale.

And this boils down to the fact that TMS Network (TMSN) offers many unique features. A compelling one is that TMS Network (TMSN) gives investors a multipurpose decentralized trading platform that eliminates third parties, and it is committed to transparency which is evident in its textbook security measures that deploy encryption, multisig wallets, and routine audits.

As a revolutionary trading platform, TMS Network (TMSN) lets investors and traders explore over 500 cryptocurrencies and provides access to Forex, CFD, and global equity markets.

Additionally, TMS Network (TMSN) stands out from its peers because it tackles high trading fees and price manipulation, focuses on stacking up the benefits for traders and provides trading bots, portfolio management tools, and more.

Furthermore, TMS Network (TMSN) has so many benefits in store for its token holders, including commission revenue sharing, premium services, and voting rights on governance decisions. TMS Network (TMSN) has already acquired over $5.6 million in public and private sales—a phenomenal feat by all standards. 

The TSMN token is currently trading at $0.088, with demand rising meteorically during its ongoing second presale phase while Monero (XMR) and Cosmos (ATOM) continue to dwindle. 

Monero (XMR)

Monero (XMR) is a privacy coin that allows users to transact completely anonymously. It is attractive to crypto enthusiasts who think cryptocurrency has lost some of its original intent. This means that Monero (XMR) provides privacy and security attributes, making it stand out among many altcoins. 

Traditional financial companies are now coming to terms and are willing to adopt cryptocurrencies, and Monero (XMR) is now proving to be at the center of that.

However, many still counter that privacy coins like Monero (XMR) increase the likelihood that crypto will be used to finance illicit activities, and with increasing regulations on cryptocurrencies in several countries, including the United States, Monero (XMR) and Cosmos (ATOM) have dwindled while Defi gem, TMS Network (TMSN) has been on a surge.

Cosmos (ATOM)

Cosmos (ATOM) has an innovative approach to facilitating seamless communication and integration between various blockchains. It enables blockchain platforms to inter-operate while simultaneously utilizing the Cosmos Hub as the coordinating Proof-of-Stake blockchain. 

Cosmos (ATOM) does this by connecting with external blockchains like Bitcoin and Ethereum using the IBC protocol. Cosmos (ATOM) aims to make blockchain technology more accessible to all users and is already positioning itself for a multichain future with interoperable and scalable blockchains.

Additionally, $ATOM is Cosmos’ native token, and by staking it, users enhance network security, earn staking rewards, and receive a share of collected transaction fees.

However, although Cosmos (ATOM) has garnered attention for its potential to solve the scalability and compatibility issues hindering blockchain technology growth and adoption, it has continued to dwindle in value alongside Monero (XMR).

In Conclusion 

It comes as no surprise that traders and investors in droves are now investing heavily in TMS Network (TMSN) which is in its ongoing second presale phase with tokens available at $0.085.

Presale: https://presale.tmsnetwork.io

Whitepaper: https://tmsnetwork.io/whitepaper.pdf

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetworkio

Discord: https://discord.gg/njA95e7au6

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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