Rising inflation, strict regulations, and fierce competition have made the life of long-standing cryptocurrencies difficult. Ripple (XRP) and Cardano (ADA), which are among the top 10 cryptocurrencies by market capitalization, have faced major roadblocks in the last few days. Therefore, their value has become unstable. On the other hand, the new project, TMS Network (TMSN), has posted a marvelous performance during its presale.
Ripple (XRP) Ready To Pay Up To $250 Million For Settlement
A crypto advocate, attorney John Deaton, has opined that the SEC and Ripple (XRP) can arrive at a settlement but only on one condition. Deaton states that Ripple will pay $100-$250 million in a settlement only if the SEC publicly acknowledges that XRP is not a security. However, he said that the SEC would not agree to it, given its “war” against Ripple (XRP). He asserted that in the ongoing legal tussle, Ripple (XRP) would easily defeat the SEC. As per the market capitalization, Ripple (XRP) is still the 6th largest cryptocurrency. The price of Ripple (XRP) has witnessed a nominal increase of 0.23% in the last seven days. However, Ripple (XRP) has declined by 8% on the monthly chart. The current trading price of Ripple (XRP) is $0.39, which is 90% below its all-time high of $3.84.
Users Of Cardano (ADA) Increase After Exodus’ Support
Exodus, a popular crypto wallet, has added support for the Web3 integration of Cardano (ADA) to its extension wallet. Now, Exodus users can access Cardano’s (ADA) dApps through their wallet. This latest development has come as a big boost for the Cardano (ADA) community. It is expected to increase the user base of Cardano (ADA). However, the last few days have not been favorable for Cardano (ADA). The price of Cardano (ADA) has fallen by 3% in the last seven days. On the monthly chart, the price of Cardano (ADA) is slightly up by 1.47%. Currently, Cardano (ADA) trades at $0.38, which is 88% below its all-time high of $3.10.
Investors Of TMS Network (TMSN) Become Extremely Bullish
Revolutionizing and disrupting the market, TMS Network (TMSN) has made the trading of cryptocurrencies and other digital assets on a single platform possible. TMS Network (TMSN) offers an efficient way to trade in a variety of digital assets, such as CFDs, cryptocurrencies, Forex, and stocks, using cryptocurrencies as payment. TMS Network (TMSN) allows traders to instantly deposit or withdraw digital assets on the same platform.
TMS Network (TMSN) is based on blockchain technology, adding transparency and security to trading activities. All trade activities on the network are recorded on a public ledger and overseen by smart contracts. Hence, there is no possibility of fraudulent activities on the network. Additionally, there are no middlemen on TMS Network (TMSN), allowing users to trade various digital assets at lower costs. Scalability is another noteworthy feature of TMS Network (TMSN). It can easily manage a rise in the number of trade activities while maintaining its fast speed.
TMS Network (TMSN) also provides many literary resources that aid traders in making value-based investments. These resources help users conduct their research. TMSN token holders will also be incentivized by the network’s commission-sharing model. It will allow TMS Network to distribute the revenue earned from transaction fees among all token holders. TMS Network (TMSN) is outperforming long-standing crypto projects during its presale round. The presale phase of the platform began at $0.0046, and has jumped to $0.019, registering an increase of 400%. The project has already raised $2 million in a private seed sale.
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