TMS Network’s (TMSN) Insane Rally Rips Cash Out Of Litecoin (LTC) And Cardano (ADA)

TMS Network (TMSN)

TMS Network (TMSN) is creating new milestones every week, which has left its existing investors happy and prospective investors impressed. The stellar performance of TMS Network (TMSN) is a product of its powerful use case. The decentralized exchange enables traders to trade in crypto markets and traditional markets. Using TMS Network, traders can invest in cryptocurrencies and CFDs as well as forex and equities.

The DEX has enhanced its appeal with its MetaTrader compatibility. So, conventional traders who are not adept in crypto platforms can easily use TMS Network (TMSN). Such critical features have made TMS Network (TMSN) highly user-friendly and easily adoptable, adding to its expanding reach.

The popularity of TMS Network (TMSN) can be gauged from the fact that its price has increased more than 300% in its presale sessions alone. It has gone from $0.025 in the stage 1 presale to $0.105 in the ongoing stage 4 presale. After its launch, TMS Network (TMSN) is estimated to grow by at least another 4,000%. The $0.133 price is extremely attractive to crypto investors right now, and they are liquidating their stake in other cryptos to get a piece of TMS Network’s (TMSN) growth story.

Litecoin (LTC) Is Not Exciting Investors

To the inexperienced eye, it may have seemed that Litecoin (LTC) was on a bull rally, reaching a high of $113. However, it fell more than 6% in a single day. To understand the fall, you have to understand why Litecoin (LTC) rallied in the first place.

The rally started due to the dramatic entry of BlackRock, the largest asset management company, into Bitcoin ETFs (Exchange Traded Funds). As the news spread, Bitcoin (BTC) went on a bull run, and other altcoins followed, including Litecoin (LTC).

On top of it, a Litecoin (LTC) halving event is due on August 2, 2023. The event is held once every four years and reduces the mining rewards for mining every new Litecoin (LTC) block. Halving events usually lead to an increase in Litecoin (LTC) prices.

The Bitcoin (BTC) rally also improved the market sentiment. So, Litecoin (LTC) moved up on the back of a positive sentiment wave too. Even then, Litecoin (LTC) only rose slightly over 5%. Litecoin (LTC) rode a market trend, and from the looks of it, the bull wave is tapering now.

The activity on Litecoin (LTC) network has again slowed down, and the transaction volumes have fallen to a third. Investors are leaving the crypto to put their money in other high-growth investments like TMS Network (TMSN).

Cardano (ADA) Is Turning into A Loss-Maker

Cardano (ADA) is in trouble. The crypto has failed to stay attractive to its investors, who are cashing out in hordes. The most worrisome statistic is that around 90% of Cardano (ADA) addresses are incurring losses and stuck in the red.

As the number of large investors has declined and the number of active addresses on the Cardano (ADA) network has reduced, the transaction volumes for Cardano (ADA) have dropped. From over $300 million, Cardano (ADA) transaction volume has come down to $180 million.

The asset holding pattern of Cardano (ADA) is not doing it any favors either. A mere 140 investors control more than 22%, and three whales hold over 9% of the total Cardano’s (ADA) supply. So, when they decide to dump Cardano (ADA), the already struggling price at $0.3 will completely crash.

The loss-making Cardano (ADA) has pushed its investors on a hunt to find better investment opportunities. It is these investors that are funding the rally in TMS Network (TMSN).

For more information on TMS Network (TMSN):

Presale: https://presale.tmsnetwork.io/

Website: https://tmsnetwork.io/

Telegram: https://t.me/tmsnetworkio

Twitter: https://twitter.com/tmsnetwork_io