TMS Network Takes Advantage of 1700% Growth in Fintech Like Dinosaurs Filecoin (FIL) and Avalanche (AVAX) Face Extinction

There has been a sudden surge in the rise of Fintechs. With this increase comes the consistent growth of existing. In the financial nature of Fintechs, cryptocurrencies are the main form that fintechs store their assets in. The success of Fintechs will also translate to the success of cryptocurrencies.

In line with this, TMS Network (TMSN) has benefited from the growth of fintechaccumulates in total 1700% increase on his own advance sale stage. On the flip side, Filecoin (FIL) and Avalanche (AVAX) are at risk.

TMS Network (TMSN)

TMS network (TMSN), a non-custodial trading platform presents various financial trading services including stocks, crypto, forex and CFDs. Built on the Ethereum Network, the TMS Network (TMSN) allows traders imitate the trades of other experienced and successful traders to guarantee profits. As the icing on the cake, TMS Network (TMSN) provides traders with various risk management tools.

TMS Network (TMSN) reinforces chain security and uses encryption, multi-sig wallets, regular security audits and asset insurance. TMS Network (TMSN) also guarantees spear real-time trading with high scalability. Using brokers and tier-1 banks TMS Network (TMSN) aggregates all orders by choosing the best price that gives better fills and better prices.

With TMS Network’s (TMSN) stellar track record and recent success, it is crystal clear that TMS Network (TMSN) has tapped into and benefited from the growth of fintech. TMS Network (TMSN) opened its pre-sale in 2023 and it has registered a total of 1700% increase. TMS Network (TMSN) at the moment trading at $0.088 with a total of $5.6 million in generated profits.

Filecoin (FILE)

Filecoin (FIL) is a decentralized network that facilitates the purchase and rental of storage space. Through Filecoin (FIL), users enjoy cheap transactions by creating a larger free market for data storage. Filecoin (FIL) also boasts of its scalability as it connects computers to create a massive storage network.

Despite its features, Filecoin (FIL) has not been able to benefit from the growth of Fintechs which has caused it to struggle in the market. Filecoin (FIL) opened the year trading as high as $9.8. But from this point Filecoin (FIL) began to plunge without resistance amid the growth of Fintechs.

After falling from the 2023 all-time high of $9.8, Filecoin (FIL) is currently trading at $4.5, roughly a 50% drop. While this was going on, TMS Network (TMSN) surged, increasing by 1700%. With Filecoin (FIL) extending its winter, its extinction is imminent if there is no change.

Avalanche (AVAX)

Avalanche (AVAX) is an open source decentralized network created to solve the blockchain trilemma of security, scalability and decentralization. To achieve this, Avalanche (AVAX) uses the proof-of-stake mechanism. To run decentralized apps, Avalanche (AVAX) facilitates smart contracts to facilitate interoperability with blockchains.

Avalanche (AVAX) has struggled in the market despite the boom in Fintechs. Starting the year around $21.8 Avalanche (AVAX) experienced a sudden dump trade at $14.15. Providing a glimmer of hope, Avalanche (AVAX) rallied to trade at $21.42. However, that hope was dashed when Avalanche (AVAX) fell again to trade at its current value of $15.2.

Avalanche’s (AVAX) failure to capitalize on the boom in Fintechs has raised concerns over its longevity as it consistently struggles in the market. As Avalanche (AVAX) woes continued, TMS Network (TMSN) continued to thrive in the market, recording $5.8 million in total revenue.

Conclusion

Taking a look at the trio, it is clear as day that TMS Network (TMSN) is miles ahead of its peers which are Filecoin (FIL) and Avalanche (AVAX) which now face the prospect of extinction.

TMS Network (TMSN) has continued to excel among all trends in the technology space. The boom of fintechs has served as a boon for TMS Network (TMSN) while Filecoin (FIL) and Avalanche (AVAX) are in a conundrum.

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