Cardano (ADA) Founder Slams SEC’s “One-Size-Fits-All” Staking Regulation, Ripple Lawyer Shares Plans if Ripple (XRP) Triumphs in XRP-SEC Lawsuit, TMS Network (TMSN) starts ICO with a price of $0.003
More and more people are looking to invest in cryptocurrencies as their value has increased over the past several years. It might be difficult to decide which cryptocurrency to put your money into, however, given the wide variety now available. Cardano (ADA) and Ripple (XRP) are two of the most well-known digital currencies in the market. In contrast to these two tokens, TMS Network (TMSN) is gaining support for a number of reasons. This article will cover the latest developments of Cardano (ADA), Ripple (XRP), and TMS Network (TMSN).
Cardano (ADA) on a negative price reversal
A regulatory blitz by the U.S. Securities and Exchange Commission (SEC) has recently set off alarm bells in the cryptocurrency industry. Charles Hoskinson, founder of IOG and Cardano (ADA), responded angrily to this discussion on Twitter by posting a video on potential U.S. staking regulations. This video is part of the founder’s comprehensive answer to the debate about the staking mechanics of various blockchain platforms, including Cardano (ADA). According to Hoskinson, the system is “inconvenient to the industry as a whole” when regulatory agencies try to apply “one-size-fits-all” interpretations to the complexities of staking systems such as Cardano (ADA) vs. Ethereum (ETH). In terms of prices, Cardano (ADA) is one of the worst performers so far in 2023. Bears have succeeded in pushing Cardano’s (ADA) price down to $0.3514, a drop of 5.70% in the last 24 hours alone. Cardano (ADA) had been on a bullish trend for the previous weeks, but recent days have seen a modest reversal.
Ripple (XRP) drops by over 6%
A Twitter user made an odd request of pro-Ripple (XRP) lawyer Jeremy Hogan: to perform a victory dance once Ripple wins the SEC lawsuit. If Ripple (XRP) wins, the user wants to witness a video of attorney Jeremy doing a happy dance. When asked if the user’s request could be accommodated, the Ripple (XRP) lawyer responded positively. The reaction made the Ripple (XRP) community very happy, bringing hope to a better future for the cryptocurrency. The effect on Ripple’s (XRP) price, however, was minimal. Over the past week, the price of Ripple (XRP) has dropped by 6.54%. In the past day alone, the price of Ripple (XRP) has fallen by 2.07%. The recent decrease in whale transaction volume on the Ripple (XRP) network is partly responsible for this price decline. Additionally, while the total market worth of all cryptocurrencies is up 35% so far this year, the price of Ripple (XRP) has only increased by 16%.
TMS Network (TMSN) to surge massively soon
TMS Network (TMSN) is a decentralized exchange that is gaining traction due to its many benefits. For one, TMS Network (TMSN) offers a much more secure platform than centralized exchanges. TMS Network (TMSN) is not reliant on a single server or point of failure. Additionally, TMS Network (TMSN) decentralized exchange is also more private and anonymous than centralized exchanges because users’ data is not stored in a central location where it can be hacked or stolen. TMS Network (TMSN) is designed with a trade commission-based mechanism. Thus, TMS Network (TMSN) charges a very small commission for each trade, which is distributed to token holders via smart contracts. TMS Network (TMSN) proves to be a profitable investment for active and passive income. The team behind TMS Network (TMSN) has a strong track record in the industry, and they’re confident that their decentralized exchange platform will be a game-changer. With an ICO, which started at $0.003, TMS Network (TMSN) is currently trading at $0.0047 per token.
You can find out more about TMS below:
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