The 2022 crypto winter saw Litecoin (LTC) and XRP (XRP) lose the majority of their value. While each of the two tokens has begun to recover, investors have started seeking alternative investments and TMS Network (TMSN) has been one of the most popular options.
TMS Network (TMSN) brings new capabilities to on-chain traders, which is a key reason why it’s proven popular during its early stages of development. Could it outperform older tokens such as Litecoin (LTC) and XRP (XRP)?
Litecoin (LTC)
Litecoin (LTC) is a peer-to-peer cryptocurrency that was created as a fork of the Bitcoin (BTC) blockchain. It is often considered a “lite” version of Bitcoin, as it shares many of the same features but with faster transaction confirmations and lower transaction fees.
Litecoin (LTC) uses a proof-of-work algorithm called Scrypt, which is less susceptible to ASIC mining and allows for a wider range of people to participate in the mining process. With a current market cap of over $6 billion, Litecoin (LTC) is a top 15 cryptocurrency and has proven its robustness over its 12 year lifespan.
The fast transaction speeds and low fees associated with using the Litecoin (LTC) network make it an attractive alternative to traditional payment methods, and its secure blockchain technology ensures the safety and privacy of user transactions.
XRP (XRP)
XRP (XRP), or Ripple’s native digital currency, is a cryptocurrency that’s been making waves in the financial industry. Unlike other cryptocurrencies, XRP’s (XRP) main purpose is to facilitate fast and efficient cross-border payments for traditional financial institutions.
With traditional methods taking up to several days to complete, XRP (XRP) offers a solution that aims to reduce transaction times to a few seconds, making it the ideal currency for global money transfers. As a result, XRP (XRP) has gained significant attention from banks and financial institutions looking to streamline their payment processes.
Ripple, the company that created XRP (XRP), has been the subject of a long-term court case against the SEC. The court case is expected to be nearing its end, which could provide bullish momentum for XRP (XRP) if the outcome is positive.
TMS Network (TMSN)
TMS Network (TMSN) is a DEX built on the Ethereum network that brings advanced tools to on-chain traders. The platform offers both traditional and digital asset markets, including stocks, foreign exchange, and cryptocurrency. As well as this, TMS Network (TMSN) offers an attractive user experience that is characterized by in-depth trading tools and strategies.
TMS Network (TMSN) offers customizable trading bots and copy trading initiatives as well as a strategy builder and algorithmic trading signals. The platform is a comprehensive DEX that allows traders to take full advantage of advanced tools, while also allowing its users to retain full custody over their cryptocurrency assets.
The TMS Network (TMSN) native token has been released during a presale, in which early backers can buy the token at discounted prices. The presale has been a major success so far, with over $4 million being raised in a short space of time. This reflects the widespread demand for decentralized exchanges that can deliver in-depth trading capabilities.
Conclusion
Litecoin (LTC) and XRP (XRP) have both underperformed when compared against newer assets in the crypto markets. Both Litecoin (LTC) and XRP (XRP) remain top 20 cryptocurrencies by market capitalization, but have struggled to keep pace with the fast-evolving world of Web3.
In contrast, TMS Network (TMSN) displays the full power of decentralized technologies as it combines traditional financial elements with blockchain technology. The TMS Network (TMSN) token can be purchased during the presale at the current price of $0.085. Price analysts are expecting TMS Network (TMSN) to outperform both Litecoin (LTC) and XRP (XRP) over the coming years.
Click here for more information about TMS Network (TMSN).
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
