Overview of Recent ICOs, Launches and Announcements
• TMS Network (TMSN) is a trading platform that solves existing trading issues like centralization, slow transaction times, low ROI and high fees.
• TMS Network’s (TMSN) presale has raised $500k in two weeks and an additional $2 million in private seed sale.
• Aptos (APT) and Sui have gone into public domain due to the controversy between them while Solana (SOL) suffered its 10th network outage.
TMS Network’s Presale Success
The revolutionary and real-world utility of TMS Network (TMSN), a trading platform that solves existing trading issues, has proven successful during its presale phase. It managed to raise a whopping $500k within two weeks of launch followed by an additional $2 million from private seed sale. With such impressive results, it is clear that TMS Network’s development team is doing a great job in meeting user needs.
Aptos (APT) And Sui In Controversy
Aptos (APT) and Sui are blockchains that have their origin in Facebook’s defunct Diem stablecoin project. Recently they have been caught up in a controversy when Pontem, a crypto wallet backed by the Aptos (APT) network, first invited then disinvited delegates of Sui from the upcoming MoveCon conference. People familiar with the development stated that Aptos (APT) told Pontem organizers to exclude Sui speakers though Aptos has clarified that it had no role in Pontem’s decisions. Meanwhile, Aptos has seen an increase of 1.34% on its price but monthly chart shows 20% down from current price at $13.27.
Solana’s Frequent Outages
Network outages have become common on the Solana network as it recently suffered its 10th downtime on February 25 without any details about what caused it. The outage had affected transactions happening on the Solana network which made many crypto enthusiasts question Solana’s capabilities since it has been facing frequent outages resulting in bearish market sentiments causing 4% drop in Solana’s price according to last week’s data.
Conclusion
Recent ICOs and new cryptocurrency launches by firms have gained remarkable success while there is still tension between Aptos (APT) and Sui with no end sight yet as well as frequent outages on Solana network causing doubts among users regarding its capabilities causing bearish market sentiments for both the networks leading to decrease in prices over time despite occasional increase due to short term news or events related to them respectively
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