Crypto prices are notoriously unpredictable, with investors often seeking out the next big thing in the hopes of reaping huge rewards. However, in recent weeks, a clear trend has emerged: crypto whales are dumping Ripple (XRP) and turning their attention to Litecoin (LTC) and the new TMS Network (TMSN).
TMS Network (TMSN) boasts as the most advanced trading hub with one clear mission; making trading better, quicker, seamless, and hassle-free. TMS Network (TMSN)’s decentralized trading hub is getting incredible levesl of buzz at its ongoing presale phase 1. Read on to learn more.
Investors Dump Ripple (XRP) Amid SEC Fight
The ongoing tussle between Ripple (XRP) Labs and the US Securities and Exchange Commission (SEC) continues to take a toll on the value of Ripple (XRP)’s token. In recent weeks, investors and crypto whales have been dumping their Ripple (XRP) holdings, leading to a significant decline in its price. Launched in 2012, Ripple (XRP) started excellently with the goal of making cross-border remittance more decentralized. It also provides several products to help traditional firms and institutions enjoy low fees and high-speed asset transfer.
However, the SEC alleges that Ripple (XRP) Labs is offering unregistered securities. The lawsuit has created uncertainty about the future of the Ripple (XRP) token, leading crypto whales to sell their holdings. Amidst the square-off, the Ripple (XRP) token lost 94% of its value before January 2021. Unfortunately, crypto exchange platforms like Coinbase delisted XRP from their platforms in response to the lawsuit, an action that further fueled the sell-off of the token. The token is trading at $0.39.
Litecoin (LTC) Trailing at the Back of Bitcoin, YTD Gain at 35%
Litecoin (LTC) also sees bullish gains as crypto whales drive its demand. Forked from Bitcoin, Litecoin (LTC) has become the darling of many originalists. Over the years, cryptocurrencies have tried to challenge the dominance of Bitcoin with attractive gains.
Even though it shares many similarities with Bitcoin, it offers more scalability, low fee transaction, and lightning-speed throughput time. Unlike many cryptocurrencies, Litecoin (LTC) is still thriving in the love of its community. The coin gained 47% from its intermediate low in December 2022. Currently, Litecoin (LTC) is trading at $94.4 as its Year-To-Date gain stands at 35%.
TMS Network (TMSN): All-in-One Trading Ecosystem
The introduction of TMS Network (TMSN) – a decentralized, open, and blockchain-based trading protocol is finally ending traditional trading platforms’ inefficiencies and the unrecoverable havoc it has wreaked on many investors’ assets. TMS Network (TMSN) was built as a powerful, comprehensive ecosystem enabling multi-asset trading. It allows users to effectively trade and diversify portfolios with digital assets like CFDs, cryptocurrencies, Forex, and stocks.
TMS Network (TMSN) is disrupting the traditional trading system by bringing a newer, seamless, and innovative way of trading assets. Powered by the Ethereum chain, TMS Network (TMSN) facilitates easier and faster transaction processing, especially with deposits and withdrawals. All the platform’s activities are recorded on blockchain’s DLT, and thus, there is no possibility of fraudulent activities, price manipulations, or theft while using TMS Network (TMSN).
One of the distinctive features driving the quick rise in adoption of the TMS Network (TMSN) is its massive support for traders of all levels. The platform provides more than a dozen powerful trading and analytical tools ranging from automated trading software, AI builders, copy and social trading tools, on-chain metrics, and real-time price data. TMS Network (TMSN) also provides educational resources to help all traders effectively make valuable trading decisions.
TMS Network (TMSN) token is still in early presale, trading for $0.0073, and demand pressure is rising astronomically. The public funding round has yielded more than $2 million as investors and market whales continue to realize the massive potential of TMS Network (TMSN) in revolutionizing trading.