While BNB (BNB) and XRP (Ripple) face the heat of recent legal actions by the US SEC, there is one network that remains unfazed and continues to flourish: TMS Network (TMSN). As TMS Network (TMSN) confidently sails through the fourth stage of its presale, this article aims to examine the factors responsible for its resilience and continued growth over XRP (XRP) and BNB (BNB).
BNB (BNB): A Market Shaken by Legal Actions And Decline in Value
It has been an eventful week for BNB (BNB) following the announcement of legal actions by the US SEC. On June 5, the largest cryptocurrency exchange, Binance (BNB), was hit with a securities fraud lawsuit by the US SEC.
This legal action caused a market crash, resulting in the decline of BNB (BNB) and other cryptocurrencies as investors hurried to withdraw their funds from the exchange network. Within the first 24 hours following the SEC’s announcement, Binance (BNB) experienced a substantial withdrawal increase, amounting to $1.5 billion worth of cryptocurrency loss.
While there is a small ray of optimism with BNB (BNB) demonstrating a 2.5% rise in value in the last 24 hours, indicating a momentary potential market stabilization for BNB (BNB), concerns persist with the SEC case against BNB (BNB). The current price of BNB (BNB) stands at $258.01, accompanied by a trading volume of $5,679,697,140.93 within the past 24 hours.
While XRP (XRP) Fights Back, Doubts Remain Amidst Legal Battles With SEC
Like BNB (BNB), the legal action by the SEC against XRP (XRP) since 2020 has generated apprehension among its investor base.
However, unlike Polygon (MATIC), Cardano (ADA), Solana (SOL), and others, XRP (XRP) didn’t suffer from the suit against Binance (BNB). When the news of the SEC’s actions against Binance (BNB) broke, XRP (XRP) experienced a 3% surge in price, surpassing numerous altcoins. XRP (XRP) also witnessed a 3.5% increase over the week, a 20% increase in the last month, and an impressive 55% increase since the beginning of the year.
Nevertheless, XRP’s (XRP) pending case with the SEC continues to unresolve investors’ minds, knowing the ruling could go either way. At the time of writing, XRP (XRP) trades at $0.5272 with an upward market cap of $27 billion.
TMS Network (TMSN) Thrives Amidst SEC’s Legal Battles With XRP (XRP) And BNB (BNB)
With the ongoing SEC battle against BNB (BNB) and XRP (XRP), TMS Network (TMSN) has emerged as a huge opportunity for crypto investors. In the fourth stage of its presale, TMS Network (TMSN) has already exceeded expectations when compared to the recent performance of BNB (BNB) and XRP (XRP), having grown by almost 2000% since the launch of its presale.
As a decentralized Ethereum-based trading platform, TMS Network (TMSN) aims to revolutionize the trading industry by addressing key challenges such as price uniformity, high fees, and bad trading experience.
TMS Network (TMSN) offers brilliant features like automated modification of asset distribution within portfolios. Similarly, TMS Network (TMSN) offers tailored suggestions derived from individual objectives, risk tolerance, and prevailing market circumstances.
TMS Network (TMSN) has generated over six million dollars since the presale started, indicating that many cryptocurrency enthusiasts are embracing this trend.
Amid the various legal struggles that see big players such as BNB (BNB) and XRP (XRP) leaving investors in uncertainties, the emerging TMS Network (TMSN) stands as an opportunity for investors to gain some level of assurance in an asset that has withstood the crypto downturn. Given TMS Network’s (TMSN) projection to grow a further 100 folds by December 2023, now presents the best chance to invest in this bullish token.
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