The post Filecoin And Arweave Engage In An Upgrade Battle While TMS Network Blasts Past All Competitors appeared first on Coinpedia Fintech News

Fierce competition has erupted among cryptocurrencies. Two similar projects – Filecoin (FIL) and Arweave (AR) – have recently launched new upgrades to outrun each other. Meanwhile, TMS Network (TMSN) has shattered all records with its presale growth. TMS Network (TMSN) has recorded a growth rate of 900%, and has already raised over $3 million in less than a month of its launch.

FEVM Helps Filecoin (FIL) Rally

As it was expected by the crypto community, the launch of Filecoin Ethereum Virtual Machine (FEVM) has pushed the price of Filecoin (FIL) significantly upward. Filecoin (FIL) launched the FEVM on the mainnet on March 14. Soon after the launch, the price of Filecoin (FIL) jumped by 18%, and reached $7.60 in a couple of hours. However, Filecoin (FIL) later witnessed a drop. The price of Filecoin (FIL) has increased by 17% in the last seven days. Moreover, Filecoin (FIL) is up by 29% on the monthly chart. Currently, Filecoin (FIL) trades at $6.68, which is 97% below its all-time high of $237.24. Experts believe that Filecoin (FIL) can rise further in the coming weeks as the use cases of the token will increase after the launch of FEVM.

Arweave (AR) Pushes Aggressively With Its Hard Fork

Arweave (AR) is a blockchain-based decentralized storage network. Arweave (AR) primarily deals with information storage. Notably, Arweave (AR) and Filecoin are direct competitors, and the launch of FEVM is expected to give an edge to the latter. Therefore, Arweave (AR) has also pushed aggressively for its hard fork named “Silk Road.” Arweave’s (AR) hard fork has received support from Binance. The price of Arweave (AR) has increased by 8% in the last week. However, Arweave (AR) is down by 26% in the past 30 days. At present, Arweave (AR) trades at $8.58, which is 90.57% below its all-time high of $90.94.

TMS Network (TMSN) Makes Big Waves With Presale Explosion

 TMS Network (TMSN) is a disruptive state-of-the-art trading platform that has raised around $3.25 million of investments in two stages of its presale. TMS Network (TMSN) facilitates the online trading of a variety of digital assets using cryptos as payment. TMS Network (TMSN) permits the trading of a plethora of digital assets without requiring any paperwork or opening an account. Interested traders just need to connect their wallets, and begin trading.

TMS Network (TMSN) has instituted a protocol for instant withdrawals and deposits of tradable digital assets on a single user interface. The network authorizes the online trading of numerous asset classes, including futures, cryptocurrencies, stocks, futures, and forex, among others. This keeps liquidity on TMS Network (TMSN) intact, helping traders complete their transactions quickly.

TMS Network (TMSN) has been applauded for offering accuracy and security in all trade-related activities. The platform uses smart contracts to oversee all trading activities, and proceedings on the network get recorded on a decentralized public ledger.

Hence, middlemen get no opportunity to interfere in any transactions on TMS Network. The network also aids traders in investing in digital assets at a nominal cost. Another exceptional trait of this network is its scalability. The platform can seamlessly handle a surge in the number of transactions, without hampering its swift speed.

TMS Network (TMSN) has also initiated a one-of-a-kind commissionsharing model. The network charges a small commission on all transactions on the platform, and it distributes the revenue arising from it among TMSN holders. TMS Network (TMSN) also helps individuals in doing market research before making investments. The presale phase of TMS Network (TMSN), which started at $0.0047, has traveled to $0.039, following a price increase of around 900%.

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