Microsoft recently stated that it would incorporate a cryptocurrency wallet into its Edge browser. Given Microsoft’s prominence in the industry, this is enormous news. This kind of assistance is precisely what can aid in the normalization of new ideas. In response to the news, many tokens increased greatly. Besides, TMS Network (TMSN) rose by 2240%.
This radically redefining success in crypto has unluckily tripped up companies like Avalanche (AVAX) and Polygon (MATIC).
TMS Network is a trading platform that supports both derivatives (CFDs and FX) with crypto. Therefore, this is exactly the way big corporations such as Microsoft are moving. Remarkably, TMS Network has several elements that Microsoft will not accept. For example, the corporation will likely be interested in the platform’s interoperable and hybrid infrastructure due to TMS’s decentralized governance system. Microsoft, on the other hand, follows quite a different plan.
It is clear that Microsoft has a strong chance of dominating the wallet and token markets in the future. It poses significant competition for cryptos that only offer tokens. Conversely, TMSN has made sure that it stands out as an exception by cramming an immense variety of useful and cutting-edge features into its platform. The true evidence, though, is in the valuation — TMS Network has been soaring lately.
Due to its use of smart contracts, the Avalanche cryptocurrency network is well-known. This made the Avalanche network possible to be highly interoperable. Nonetheless, this means that a variety of tokens can easily transit through it. And it does not need to serve as a middleman trading platform. As a result, the Avalanche ecosystem now includes NFTs and stablecoins in addition to cryptocurrencies.
The fact that Microsoft is announcing its own cryptocurrency wallet demonstrates quite a few things. First, the major players are starting to dominate the market. Secondly, the Avalanche is not in a safe position. Even though Avalanche and Chainlink just joined forces, neither company can compete with TMS Network or Microsoft!
In conclusion, Microsoft’s adoption of cryptocurrencies is a landmark development in the industry. If the company’s wallet becomes popular, it might significantly upset the market. Avalanche and Polygon, two companies specializing in providing App infrastructure and development— areas in which Microsoft won’t appreciate competitors—do not fare well in this situation.
The traditional investing capabilities of the TMS Network platform will appear familiar yet novel from Microsoft’s perspective. Thankfully, the massive investments shielded TMS Network from the announcement. Consequently, it’s undoubtedly a token to invest in this year. However, you’ll need to act quickly because the second presale stage is about to close. With earnings of 2240% already, it’s only a matter of time before the token explodes!
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