As bearish pressure casts a shadow of doubt over the future of the crypto market, newer innovative projects are casting a beacon of hope over investors’ minds. Amidst the struggle and uncertainties, Cardano (ADA) and XRP (XRP) found themselves at a crossroads, while the soaring success of the TMS Network (TMSN)’s presale paints a promising picture of decentralized trading’s unstoppable rise. Read on to learn more.
Cardano (ADA) Continues Losing Streak Below Key Support Level. Are Whales Selling?
Scalable layer one network, Cardano (ADA) has extended its losing streak in the current bearish market condition after slumping by 15% in the last 30 days. Cardano (ADA)’s price has been in a downtrend as bears dominate since April 2022. Some of the leading drivers of the current Cardano (ADA)’s downtrend include the general crypto market sell-off, lack of major catalysts, weak hands, and whale selling.
On-chain data shows that long-term holders are selling their coins, and whales are offloading their Cardano (ADA). This suggests that investors are losing confidence in the long-term prospects of the project. Despite numerous upgrades and hard forks, Cardano (ADA) is still behind most of its peers in terms of development. Currently, the Cardano (ADA) token is trading at $0.37, about 87% below the all-time high price of $3 with TVL value plummeting below $150 million.
XRP (XRP) Struggles as Court Ruling vs. SEC Nears
The ongoing legal battle and regulatory scrutiny of XRP (XRP) have significantly affected its price and investors’ confidence in its revolutionary decentralized cross-remittance power. The long-standing lawsuit from the SEC alleging XRP (XRP) of selling $1.38 billion worth of XRP (XRP) as an unregistered asset.
Since the lawsuit started in December 2020, there have been wide and wild speculations about its outcome especially as court ruling nears. Consequently, XRP (XRP) value has been tumbling after clinching its all-time high price of $3.84 in January 2018.
Despite the rollercoaster of emotion, XRP (XRP)’s Managing Director has assured investors and XRP (XRP) users of a positive outcome, especially after court ordered SEC to seal former Director Hinman’s speech documents. Currently, XRP (XRP) is trading at $0.45, about 88% below ATH value with market cap hovering around $24 billion.
TMS Network (TMSN) Extends Bullish Win – Gains over 1700% as Revenue Hit $5.8 Million
TMS Network (TMSN) decentralized exchange has been on a tear in recent weeks, extending its bullish win streak and gaining over 1700% in value. In fact, its native token, TMSN, has also been on the rise, hitting an all-time high of $0.088 in the ongoing fourth presale stage.
The recent surge in TMS Network (TMSN)’s popularity is unsurprising. The platform offers a blend of innovation with a user-focused initiative that keeps it ahead of its peers. At its core, TMS Network (TMSN) leverages the Ethereum chain’s security, decentralization, and efficiency to build a transparent and safe environment for regular and institutional traders.
As expected, TMS Network (TMSN) stands out with its competitive fee, sub-second speed, scalability, and easy-to-use interface. To help traders make actionable and effective decisions, TMS Network (TMSN) has tons of robust tools and algorithmic systems integrated into its vast DEX ecosystem.
The strong performance of the TMS Network (TMSN) is a testament to the growing demand for decentralized exchanges. As more and more users become disillusioned with centralized exchanges and their caveats, DEXs like TMS Network (TMSN) are well-positioned to capitalize on this trend.
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
