Markets of all kinds are never linear, always cyclical. Prices rise and fall in unpredictable ways as does market activity and sentiment. Booms always bust eventually and slumps end after a while. But 2022 was a special year in the cryptocurrency market due to a storm of scandals, the fallout from which is still affecting the market and may do so for some time to come. TMS Network (TMSN) is soaring in presale while Ripple (XRP) and Solana (SOL) gradually recover.
Ripple (XRP)
Ripple (XRP) has been fighting a legal battle against the US Securities and Exchange Commission since 2020. The SEC alleged that Ripple (XRP) misled their investors by failing to make adequate disclosures and that the Ripple (XRP) token was actually a security.
For their part, Ripple (XRP) countered that their token does not qualify as a security and, hence, not subject to SEC oversight. The CEO of Ripple (XRP) has stated that this case is crucial for the whole cryptocurrency industry and he may be right. If the SEC is successful against Ripple (XRP) then it will likely open the floodgates for other legal actions.
Solana (SOL)
Solana (SOL) was established to function in exactly the same was as Ethereum and actually improve on it in the process. Solana (SOL) can be used for staking and Solana (SOL) offers its members fast transaction speeds and lower fees. However, while Solana (SOL) is undoubtedly popular with users and developers, they have been struggling with technical issues. Most recently, validators were forced to reboot the Solana (SOL) network due to concerns over transaction interruptions. But there is still a lot of faith in Solana (SOL) and the price rose around 1% in the last few days.
TMS Network (TMSN)
TMS Network (TMSN) a very new entrant to the cryptocurrency market. As such, it is unstained by any of the scandals and problems of the past.
TMS Network (TMSN) is a trading and exchange platform that changes the game. Instead of just offering trades in cryptocurrencies as existing platforms do, TMS Network (TMSN) carries a range of other digital assets too. These include equities, CFDs, derivatives and even fiat currencies. That means that TMS Network (TMSN) is set to become the premier one-stop shop for all traders.
Moreover, TMS Network (TMSN) acts as an education platform. The team behind TMS Network (TMSN) want their members to be successful so they offer video courses and webinars on financial and trading knowledge which are suitable for all users, be they newbies or veterans.
TMS Network (TMSN) opened phase 1 of their presale stage at the beginning of February 2023 and it has sold out. In other words, the entire allocation of TMSN was sold. Also, $500,000 was raised from those sales in just the first two weeks. By the time this is published, phase 2 will be underway.
Conclusion
Investors are well-known for being very adverse to scandals because they often have a disproportionate effect on the price of assets. Ripple (XRP) may well win their legal battle and then move on. Solana (SOL) may overcome their technical problems. But TMS Network (TMSN) is unscathed and their story so far is one of unalloyed success.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/tmsnetworkio
