TMS Network (TMSN) is a simple DEX with an impressive offering. The combination of a clear vision and a strong use case, TMS Network (TMSN), is climbing the price chart. The support of the vibrant user community of TMS Network (TMSN) is making the token grow bigger every day. On the other hand, Cardano (ADA) and Litecoin (LTC) have seen their prices stagnate. So, why has the growth of both Cardano (ADA) and Litecoin (LTC) stalled in a market where TMS Network (TMSN) is thriving?
Cardano’s (ADA) Upgrades are Not Impactful
The Cardano (ADA) blockchain uses proof-of-stake consensus and allows users to build dApps. The biggest threat to Cardano (ADA) is the migration of Ethereum to a proof-of-stake mechanism. Ethereum is a much bigger blockchain and more reliable too. Cardano (ADA) is already feeling the heat of the competition. The lack of development activity on Cardano (ADA) in the last 30 days also troubled the users. Consequently, Cardano (ADA) has been following a tumultuous price trend.
To counter the competition, Input Output Global (IOG), the creator of Cardano (ADA), recently announced Lace 1.0 or Lace Wallet. The first native wallet of the Cardano (ADA) ecosystem will give users access to the Cardano (ADA) blockchain and the dApps on it.
Even after the launch of the Lace Wallet, Coinglass reported that ADA’s open interest fell over 5%. Moreover, most exchanges recorded negative funding rates. It means the general investor’s emotion towards Cardano (ADA) continues to be bearish.
Litecoin (LTC) Is Stuck in a Low Range
2023 has not been good for Litecoin (LTC). Litecoin (LTC) has experienced high volatility, which works against its primary use case of being a store of value. While Litecoin (LTC) saw huge demand pushing it from a low of $65, the climb was short-lived. Litecoin (LTC) could not create a sustained momentum that could take it beyond the $100 mark. This is particularly worrying for Litecoin (LTC) as other altcoins were able to reverse their downtrend.
There is no upside for Litecoin (LTC) in the short-term either as bulls are not aggressive on the coin. It is also important to note that the value of Litecoin (LTC) also moves with Bitcoin. Litecoin (LTC) is able to maintain the current $100 mark only because of the bullish trend driving Bitcoin. If Bitcoin price falls, Litecoin (LTC) will quickly follow suit.
TMS Network (TMSN) is on a High
TMS Network (TMSN) has built incredible community support for itself. The decentralized exchange offers users a platform to trade crypto assets like cryptocurrencies and CFDs along with traditional asset classes like equities and forex. The first-of-its-kind platform is attracting a lot of crypto users and traditional traders by offering them transparency, privacy, low costs, and high-speed transactions.
TMS Network (TMSN) has already completed stage 1 and stage 2 presale events and has raised over $4 million in the ongoing ICO. As the news about TMS Network (TMSN) spread, its appeal has made every successive presale bigger and more impressive.
TMS Network (TMSN) is currently in stage 3 presale at $0.08. Experts believe that TMS Network (TMSN) will grow more than 5,000% after its launch. They are calling the presale stages the harbingers of a gigantic rally in the making.