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Investors are always looking for new projects to diversify their portfolios with, ones that possess long-term growth potential and considerable return on investment (ROI). Analysts believe they have found a crypto project that checks all those boxes – TMS Network (TMSN), a project currently in Stage 4 of its presale that may jump by 1,000% soon. But how will this cryptocurrency newbie stack up against well-known tokens like XRP (XPR) and Cardano (ADA)? Today, we will find that out.
Recently, the parent company of XRP (XRP), Ripple, announced that it would launch a platform for digital currencies issued by central banks. The XRP Ledger is the foundation upon which Ripple constructed its private ledger and the CBDC platform, which does not require XRP (XRP) to function.
This news caused an XRP (XRP) token price drop as it trades hands at $0.4638 with a market cap of $24B, down 0.47% in the last 24 hours. The XRP (XRP) trading volume has also fallen by 9.76% overnight and now sits at $1,124,816,500.
On a positive note, the XRP (XRP) price may rise if we look at its technical analysis, which shows its moving averages and technical indicators in green. However, even if XRP (XRP) manages to rise soon, experts predict that it may not be noteworthy. With predicted XRP (XRP) prices ranging from $0.50 to $0.80, many XRP (XRP) investors are looking at other projects that may yield more significant gains.
OKX announced the arrival of Dual Investments products designed especially for Cardano (ADA). The fact that OKX chose to launch these new products with a particular focus on Cardano (ADA) indicates that the exchange understands the potential to draw in more users by providing investment options in tokens with sizable and vibrant communities.
Cardano (ADA) has a value of $0.3702 with a market cap of $12.9B, which is a fall of 1.80% overnight. The trading volume for Cardano (ADA) has decreased by 22%, standing at $170,622,986.
From a technical perspective, the Cardano (ADA) value may see further price drops as its technical indicators and moving averages are showing strong sell signals. This could spell trouble for Cardano (ADA) as its price may drop to its support level of $0.30 soon, causing investors to sidestep Cardano (ADA).
TMS Network (TMSN) aims to become a dominant force within the online trading industry. It will introduce the first-ever decentralized trading platform where users may trade all derivatives directly with cryptocurrency payments. Moreover, TMS Network (TMSN) will ensure a private trading environment, as no account creation will be required.
Traders may use all TMS Network (TMSN) features after connecting their cryptocurrency wallet. Its social trading program allows new traders to replicate the actions of more seasoned traders and profit from their decisions.
Its utility token, TMSN, which is now in Stage 4 of its presale and can be purchased for only $0.093, will fuel these functionalities. Voting rights and commission fees from every deal executed on the platform are all benefits of holding this token.
With all these factors, we can see why experts are bullish about TMS Network (TMSN), as they predict a rise to $1 for TMSN by December 2023. Sign up for the presale below and become an early investor in this trading platform which may become adopted by millions of global traders.
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
