Summary
- TMS Network (TMSN) has achieved impressive milestones during its presale, raising $500k in two weeks and an additional $2 million in a private seed sale.
- Aptos (APT) and Sui are caught up in a controversy when Pontem, a crypto wallet backed by the Aptos network, excluded Sui speakers from the MoveCon conference.
- Solana (SOL) suffered its 10th network outage on February 25, triggering bearish market sentiments and lowering its price by 4%.
TMS Network’s Impressive Presale Milestones
TMS Network is a trading platform that solves existing problems such as centralization, slow transaction times, low return on investment, high fees and less transparency. Due to its revolutionary utility, TMS Network’s presale has achieved many milestones. It raised a whopping $500k in just two weeks of its launch. Additionally, it raised an additional $2 million during a private seed sale.
The Controversy between Aptos and Sui
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The hostility between Aptos (APT) and Sui – two blockchains with their origin in Facebook’s defunct Diem stablecoin project – came to public domain when Pontem, a crypto wallet backed by the Aptos network invited then disinvited delegates of Sui from the upcoming MoveCon conference. Some people familiar with this development stated that Aptos had instructed Pontem organizers to exclude Sui speakers from the event. However, Aptos clarified that it had no role in Pontem’s decisions. Since then Aptos‘ price has increased 1.34%, though it is down 20% on monthly chart being traded at $13.27 at present.
Solana Suffers 10th Network Outage
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Network outages have become common on the Solana (SOL) network recently as it suffered its 10th such incident on February 25. The reason for this outage was not revealed but it affected transactions and other activities on the Solana (SOL) network greatly. Though developers termed this as minor mishap but wider crypto community questioned Solana’s capabilities due to frequent outages which resulted into bearish market sentiment for SOL resulting into decrease of 4% in its price lately .
>Conclusion
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It can be seen that cryptocurrencies like TMS Network have successfully achieved massive success through their presales while controversies between blockchains like Aptos and Sui have come to light recently due to various reasons including those which were related to exclusions done by third party wallets while networks like Solana are suffering frequent outages due to unknown reasons causing bearish market sentiments among traders resulting into decrease of prices of these cryptocurrencies over time .