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There have been many scandals in the long history of cryptocurrencies. Most recently, the collapse of Sam Bankman-Fried’s (SBF) empire rocked the Solana (SOL) ecosystem. At the same time, Ripple’s (XRP) ongoing battle with the US Securities & Exchange Commission (SEC) appears to have no end. TMS Network (TMSN) has been unafflicted by scandal and, in fact, has raised over $2 million in the first phase of the presale.
SBF was a massive supporter of the Solana (SOL) ecosystem. Through his entities, FTX and Alameda, he controlled a vast portion of protocol tokens related to Solana (SOL). In the aftermath of his collapse towards the end of 2022, the true extent of his involvement came to light. Many Solana (SOL) investors were (quite rightly) concerned. The main question on everyone’s mind is – will Solana (SOL) survive?
Both FTX and Alameda declared Chapter 11 bankruptcy. With billions owed to investors and customers, Solana (SOL) holders were worried that large quantities of Solana (SOL) ecosystem tokens would be liquidated. Although this concern remains, many protocols in the Solana (SOL) ecosystem have shown their balance sheets. The damage may not be as bad as first thought.
The consensus now is that Solana (SOL) will survive. Yet, new investors appear hesitant until the FTX/Alameda portfolio situation becomes more transparent.
One of the most anticipated events in crypto is the future Ripple (XRP) vs SEC case settlement. But, the uncertainty of the case’s outcome has damaged the reputation of Ripple (XRP) within the crypto community. Die-hard holders have remained hopeful that Ripple (XRP) will win the case. New money has been hesitant, though, and the price of Ripple (XRP) reflects this.
Ripple (XRP) has performed poorly, registering a mere 7% gain since the beginning of 2023. Going back even further, Ripple (XRP) trades around the same levels as 2019. This huge underperformance indicates the impact the SEC’s case has had on investor sentiment. Until the SEC case is resolved, Ripple (XRP) will continue to be considered a high-risk investment.
TMS Network (TMSN) is a new DEX built on the Ethereum blockchain. Offering a fresh take on decentralized exchange (DEX) trading, TMS Network (TMSN) has performed well in phase one of its presale. Leveraging the security of Ethereum, TMS Network (TMSN) offers a variety of asset classes. Supported assets include FOREX pairs, stocks, CFDs, and cryptocurrencies – all in one place on the TMS Network (TMSN) platform.
With a focus on perfecting the trader experience, TMS Network (TMSN) offers a solid product range that few DEXs can compete with. In addition to the trading platform, TMS Network (TMSN) token holders benefit from advanced trading tools such as social trading, educational resources, and on-chain data. Plus, TMSN holders receive a share of the fees generated by traders.
With the market in recovery, TMS Network (TMSN) offers a fresh investment choice.
Click here for more information about TMS Network (TMSN).