TMS Network (TMSN) Creates Its Own Monopoly, While Litecoin (LTC) and Cardano (ADA) Struggle to Tail Their Rivals
TMS Network (TMSN) has continuously posted gains from one presale session to the next. It has succeeded in capturing the imagination of investors and is headed to create history in the market. While TMS Network (TMSN) is getting ready to become a leader among DEXs, established coins like Cardano (ADA) and Litecoin (LTC) are struggling to maintain their grip in the market. Here is what’s happening.
Litecoin (LTC) Is Struggling To Maintain Market Capitalization
The US Securities & Exchange Commission (SEC) has filed a lawsuit against Binance and Coinbase that has sent shockwaves throughout the crypto market. The lawsuit has identified multiple cryptocurrencies as securities. Binance and Coinbase have been charged for allowing them to be traded at their exchanges. The good news for Litecoin (LTC) is that it has not been named in the US SEC’s lawsuit. The bad news is that the news has impacted its prices, which continue to drop.
Litecoin (LTC), which was trading around $97 last week, has fallen over 10% in just one week to $87. Meanwhile, its market cap has also dropped from over $7 billion to less than $6.5 billion. So, Litecoin (LTC) is struggling to maintain its $6 billion market capitalization at this point.
It is also worth noticing that the daily transaction volumes for Litecoin (LTC) have stayed around the $400 million mark. The high transaction volumes coupled with dropping prices suggest traders are selling Litecoin (LTC). These bearish pressures on Litecoin (LTC) will increase in the short term, dragging the price of Litecoin (LTC) further down.
Cardano (ADA) Continues Its Fall
Cardano (ADA) started out with a grand vision of positive change at a global scale by providing developers with all the tools to create dApps and smart contracts on its blockchain. Despite making its way to the Top 10 Cryptocurrencies by Marketcap list, it’s now on a downtrend. Cardano (ADA) has been in a continuous fall since May 2023 and has tumbled to $0.30.
The primary reasons for the fall of Cardano (ADA) are slow growth and delisting by the Robinhood exchange. According to the US Securities & Exchange Commission (SEC), Cardano (ADA) is a security. Crypto listings by a traditional exchange can attract regulatory action from the SEC. So, Robinhood is clearly taking no chances.
The slow growth in its value is a result of investor apathy toward the Cardano (ADA) project. Investors blame the lack of vision for the future of Cardano (ADA). Developers have not laid down a clear future path for the crypto. Cardano (ADA) investors want to know how the project plans to evolve, which is expected of a crypto project worth $13 billion.
TMS Network (TMSN) Is On a Bull Run
TMS Network (TMSN) is a decentralized exchange that enables traders to trade in both crypto assets and traditional assets. So, traders can enjoy the benefits of trading in CFDs and cryptocurrencies as well as forex and securities. TMS Network (TMSN) has created a formidable DEX with its unique use case, great user interface, and multiple features. It allows MetaTrader integration to make it easier for traditional traders to use a DEX. It also offers features like social trading, AI bot trading, arbitrage trading, and more. So, traders have all the tools at their disposal to make a profit.
The success of the TMS Network (TMSN) project is apparent in its continuous price growth. The price at the stage 1 presale of TMS Network (TMSN) was $0.025; it then went on to $0.05 in the stage 2 presale; and $0.078 in the stage 3 presale. In the current stage 4 presale, TMS Network (TMSN) is trading at $0.11. So, it has already delivered returns of 300% to its early investors. If it stays on its current trajectory, TMS Network (TMSN) will create returns of over 5,000% after its launch.
For more information on TMSN Network (TMSN):
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io
TMS Network (TMSN) has continuously posted gains from one presale session to the next. It has succeeded in capturing the imagination of investors and is headed to create history in the market. While TMS Network (TMSN) is getting ready to become a leader among DEXs, established coins like Cardano (ADA) and Litecoin (LTC) are struggling to maintain their grip in the market. Here is what’s happening.
Litecoin (LTC) Is Struggling To Maintain Market Capitalization
The US Securities & Exchange Commission (SEC) has filed a lawsuit against Binance and Coinbase that has sent shockwaves throughout the crypto market. The lawsuit has identified multiple cryptocurrencies as securities. Binance and Coinbase have been charged for allowing them to be traded at their exchanges. The good news for Litecoin (LTC) is that it has not been named in the US SEC’s lawsuit. The bad news is that the news has impacted its prices, which continue to drop.
Litecoin (LTC), which was trading around $97 last week, has fallen over 10% in just one week to $87. Meanwhile, its market cap has also dropped from over $7 billion to less than $6.5 billion. So, Litecoin (LTC) is struggling to maintain its $6 billion market capitalization at this point.
It is also worth noticing that the daily transaction volumes for Litecoin (LTC) have stayed around the $400 million mark. The high transaction volumes coupled with dropping prices suggest traders are selling Litecoin (LTC). These bearish pressures on Litecoin (LTC) will increase in the short term, dragging the price of Litecoin (LTC) further down.
Cardano (ADA) Continues Its Fall
Cardano (ADA) started out with a grand vision of positive change at a global scale by providing developers with all the tools to create dApps and smart contracts on its blockchain. Despite making its way to the Top 10 Cryptocurrencies by Marketcap list, it’s now on a downtrend. Cardano (ADA) has been in a continuous fall since May 2023 and has tumbled to $0.30.
The primary reasons for the fall of Cardano (ADA) are slow growth and delisting by the Robinhood exchange. According to the US Securities & Exchange Commission (SEC), Cardano (ADA) is a security. Crypto listings by a traditional exchange can attract regulatory action from the SEC. So, Robinhood is clearly taking no chances.
The slow growth in its value is a result of investor apathy toward the Cardano (ADA) project. Investors blame the lack of vision for the future of Cardano (ADA). Developers have not laid down a clear future path for the crypto. Cardano (ADA) investors want to know how the project plans to evolve, which is expected of a crypto project worth $13 billion.
TMS Network (TMSN) Is On a Bull Run
TMS Network (TMSN) is a decentralized exchange that enables traders to trade in both crypto assets and traditional assets. So, traders can enjoy the benefits of trading in CFDs and cryptocurrencies as well as forex and securities. TMS Network (TMSN) has created a formidable DEX with its unique use case, great user interface, and multiple features. It allows MetaTrader integration to make it easier for traditional traders to use a DEX. It also offers features like social trading, AI bot trading, arbitrage trading, and more. So, traders have all the tools at their disposal to make a profit.
The success of the TMS Network (TMSN) project is apparent in its continuous price growth. The price at the stage 1 presale of TMS Network (TMSN) was $0.025; it then went on to $0.05 in the stage 2 presale; and $0.078 in the stage 3 presale. In the current stage 4 presale, TMS Network (TMSN) is trading at $0.11. So, it has already delivered returns of 300% to its early investors. If it stays on its current trajectory, TMS Network (TMSN) will create returns of over 5,000% after its launch.
For more information on TMSN Network (TMSN):
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io
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