There’s a lot of talk going around regarding the TMS Network (TMSN) project, especially considering its recent success during phase two of its presale. With more than $4 million invested so far during its presale, TMS Network (TMSN) is soaring past the likes of Filecoin (FI...
TMS Network (TMSN)
Filecoin (FIL)
For a comprehensive look, Filecoin (FIL) is a unique decentralized storage system that’s a great option for storing important information and data. Filecoin (FIL) is also an open protocol project, and the blockchain that backs it is based on proof-of-spacetime and proof-of-replication.
The benefit of decentralized storage is that it’s hard to censor while being very easy to retrieve. Moreover, Filecoin (FIL) gives people more control of their data, and the project comprises storage and retrieval miners and clients. Filecoin (FIL) continues to develop and move forward, but its chart doesn’t look so great.
Back in 2021, Filecoin (FIL) saw a massive price hike that surely paid off for many early investors. Filecoin (FIL) used to be worth well over $170, but now it’s only worth $5.58. There’s long-term potential for Filecoin (FIL), but it could potentially be a long waiting game for investors.
AAVE (AAVE)
Offering the ability to lend and borrow cryptocurrency, AAVE (AAVE) comes with a unique use case that helps it stand out in the market. There are benefits for both sides of the coin, as AAVE (AAVE) gives lenders the ability to earn interest, and borrowers can use the crypto as collateral. Token holders can take advantage of discounted fees; the AAVE (AAVE) token also acts as a governance tool.
What’s interesting is that AAVE (AAVE) acts as a middleman that lets traders lend and borrow around twenty different cryptocurrencies. Another aspect that makes AAVE (AAVE) unique is that it offers an uncollateralized loan option in DeFi that’s the first of its kind.
Interest rates can be fixed or variable for borrowers through AAVE (AAVE), which gives a level of flexibility that many people look for. There’s no question that AAVE (AAVE) has a viable product, but its chart has been on a downhill trajectory since 2021.
In Conclusion