TMS Network (TMSN) has been riding a strong wave of investor demand and appreciating in value. TMS Network (TMSN) is still believed to be at the beginning of its bull run. While this new decentralized exchange is growing at a breakneck speed, it is expected to overtake the market caps of the likes of Litecoin (LTC) and Shiba Inu (SHIB) soon.
Here’s what’s happening in the crypto market right now.
TMS Network (TMSN) & the $1 Billion Market Cap
The positive sentiment around TMS Network (TMSN) has been incredibly positive since it started its stage 1 presale. After all, the DEX solved the problems many traders face in the crypto market. They can easily trade in multiple trade assets, switching between different assets. The asset classes currently supported on TMS Network (TMSN) include cryptocurrencies, forex, CFDs, and stocks.
The innovative approach of TMS Network (TMSN) ensured that it soared in value, raising $500,000 in stage 1 presale. The recent stage 2 presale was an even bigger event, with the price reaching $0.07 and TMS Network (TMSN) raising a total of $4 million. The uptrend in TMS Network (TMSN) price will continue even after the launch. The appreciation in price will get even steeper, with experts predicting a vertical growth of almost 5000%. As it grows, it will touch the $1 billion market cap within a few months of its launch, perhaps even overtaking Litecoin (LTC) and Shiba Inu (SHIB).
Litecoin (LTC) Has Stalled
Litecoin (LTC) is the first altcoin. Given its low transaction fees, Litecoin (LTC) is ideal for micro-transactions. Its slow but steady growth has made it a trusted store of value in the crypto market. However, Litecoin (LTC) is losing whatever little steam it had left. 2023 was a good year for Litecoin (LTC), but even after a 20% rally, Litecoin (LTC) has still been unable to regain its all-time high. It’s as much as 80% below its ATH. In fact, the much-anticipated halving event for Litecoin (LTC) scheduled next month has not galvanized an anticipation rally.
Litecoin (LTC) has not kept up with the boom in the crypto market. It has performed below the market. Such price movement indicates that Litecoin (LTC) has no exciting growth prospects. So, it may not show robust long-term growth.
Shiba Inu (SHIB) is Not Growing
Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) were given a new life by Twitter this week. Elon Musk replaced Twitter’s home button with the iconic bird to the cartoon image of Dogecoin (DOGE). Shiba Inu (SHIB) was also thrown back into the limelight as hundreds of merchants, including the Radisson Hotel in Georgia, started accepting the coin as payment. However, even such positive developments have not been able to bump up the price of Shiba Inu (SHIB).
The main concern of investors with a meme coin like Shiba Inu (SHIB) is the lack of a dedicated use case. Shiba Inu (SHIB) can be used as a transaction coin like any other cryptocurrency. There is nothing special about Shiba Inu (SHIB) besides the community supporting it. From the looks of it, even those investors are not excited about any new developments in Shiba Inu (SHIB).
After increasing in value with the market in February 2023, Shiba Inu (SHIB) has been steadily falling. It has now gone flat and does not seem to be going anywhere. With no exciting prospects in sight, Shiba Inu (SHIB) has stopped growing.
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