Cardano (ADA) and Monero (XMR) have recently seen significant price drops, causing alarm among investors. TMS Network (TMSN) has emerged as an option amid the chaos after soaring nearly 500%. Continue reading as we explore the recent price swings of Cardano (ADA) and Monero (XMR), as well as TMS Network (TMSN) as an alternative hold.
Cardano (ADA) Nearly 30% down on the Monthly Charts
Cardano (ADA) is currently trading at $0.28 after losing 27.68% in four weeks. Cardano (ADA) began its month-long tumble when the Securities and Exchange Commission (SEC) added it to its list of unregistered securities earlier this month. Cardano (ADA) has also seen a drop in open interest in ADA-linked derivatives, which has dropped to roughly $111 million, the lowest since January 2021, further confirming its underperformance. Long-term Cardano (ADA) investors are now losing patience, which might cause a selloff and push ADA lower.
Cardano (ADA) is a third-generation cryptocurrency launched in 2017 to compete with Ethereum (ETH). However, the Ethereum killer has failed to live up to this name mainly due to slow development. The crypto community has criticized Cardano (ADA) for its slow development rate. For instance, the network only implemented smart contracts in 2021, more than five years after Ethereum, the network it aimed to replace. As a result, some investors and developers have become impatient, causing Cardano to fall behind other blockchains in adoption.
Monero (XMR) Rocked by FUD Amid The SEC Crackdown
Monero (XMR) has recently seen a drop in trading volume. CoinMarketCap data reveals a 15.63% drop in the last 24 hours. Declining trading volume indicates waning attention and interest in Monero (XMR), which may make maintaining its upward trend difficult.
The recent crackdown on cryptocurrencies by the U.S. SEC and regulatory bodies in other countries may be a major cause of this fall.
Binance said in May that it would delist privacy tokens such as Monero (XMR) in several countries, including France, Italy, Spain, and Poland. This spread unthawing FUD (Fear, Uncertainty, and Doubt) around Monero (XMR) and other privacy-focused tokens, especially in the United States, where the SEC has waged a war against cryptocurrencies, claiming most are unregistered securities.
TMS Network (TMSN) Sees A rise in Demand, Soars 500% in Presale
While Cardano (ADA) and Monero (XMR) seemingly slow down, TMS Network (TMSN) presents as a great hold. In addition to a thorough audit to ensure compliance with all regulatory standards, the token offers a compelling value proposition.
TMS Network (TMSN) is an Ethereum-based decentralized all-in-one trading platform that aims to disrupt the existing trading industry. A one-stop shop for all trading investors that seeks to rid the industry of issues such as price manipulation, high fees, and transaction delays
TMS Network is the first platform of its kind, offering a seamless and enjoyable trading experience with instant transaction processing. As an all-in-one trading platform, TMS Network (TMSN) allows users to trade a variety of assets, including cryptocurrency, equities, forex, and CFDs, all on the same platform. The best part is that you don’t need to open a trading account or limit yourself to fiat. TMS Network (TMSN) allows users to trade using crypto payments. All they have to do is connect their wallets and trade across all major exchanges without creating an account while withdrawing back to their wallets.
One of the unique features of TMS Network (TMSN) is its self-regenerating revenue-sharing model. TMSN token holders earn a portion of the platform’s trading fees. This creates a direct financial incentive for TMSN holders to increase the trading volume on the platform. The more trading volume there is the more revenue. This incentive helps ensure that the TMS Network (TMSN) attracts a lot of traders, which in turn benefits both the platform and its users.
The TMSN token is available at a discount in presale at $0.12. This is a great opportunity to onboard on the ground floor of a project with strong utility and potential for growth. TMS Network (TMSN) is relatively new, but it has already attracted a significant number of token holders, a good sign that the platform has the potential to be successful.
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
