• Mainstream cryptos such as Cardano and Near Protocol have been trading below their all-time highs for over a year now.
• NEAR Protocol and Cardano are both Ethereum competitors, competing with other PoS networks such as Avalanche, Solana, Cardano, and Algorand.
• The TMS Network is a cutting-edge DeFi-focused all-in-one trading platform that promises long-term market viability and addresses the most pressing issues in the current trading environment.
Cryptocurrencies Trading Below All-Time Highs
After major cryptocurrencies reached all-time highs in November 2021, with Bitcoin ticking $69,000 at one point, a year-long bear market has brought most of these cryptocurrencies down by over 80% from their all-time highs. Cardano (ADA) and NEAR Protocol (NEAR) are two of the hardest hit. Despite the slight market recovery in 2023, Cardano is down 87.23% and NEAR is down 86.84%. Market experts predict that the recovery will be slow and that the crypto winter will last until around May 2024.
NEAR Protocol & Cardano
NEAR Protocol is a Proof-of-Stake (PoS) blockchain that aims to ease access to DeFi solutions by offering cheap and speedy transactions. NEAR Protocol is ranked 30th on CoinMarketCap, with a live market cap of $2,277,718,061. Aside from Ethereum, it competes with other PoS networks such as Avalanche, Solana, Cardano, and Algorand.
Cardano (ADA) is yet another Proof of Stake (PoS) network that aims to be a more efficient alternative to PoW networks and Ethereum. A more adaptable and scalable blockchain network for running smart contracts. It currently ranks eighth on CoinMarketCap with a live market cap of $13,641 ,201 ,530 . Its competitors include Avalanche (AVAX), Cosmos (ATOM), Polkadot (DOT), Solana (SOL), Tezos (XTZ).
The TMS Network
With bear market conditions expected to last for at least another year investors need to make smart decisions when investing in projects that promise long term sustainability.. The TMS Network (TMSN) is one such project – A cutting edge DeFi focused all in one trading platform aiming to disrupt the traditional trading industry by addressing issues like price uniformity & high fees , manipulation & wash trading , transaction delays , inadequate experience & lack of trade education .
How Does The TMS Platform Make Trading Easy?
The TMS network offers several features to make trading easy: Social Trading – Allows traders to connect & follow successful traders so they can learn from their strategies; On Chain Analytics – To equip traders whether novice or experienced ; Trading bots – To automate trades ; Strategy Builder & Portfolio Management Applications – To help you manage your portfolio more effectively .