In the volatile world of cryptocurrencies, investors are always on the lookout for any significant price movements. When it comes to major cryptocurrencies like Litecoin, XRP, and the TMS network, investors have to be even more careful. In recent news, these coins have made news due to significant developments that are bound to affect their market value.
In this post, we will dig deeper into what has been happening around Litecoin and XRP and also look at one of the hottest pre sales this year, the TMS network.
Let’s jump in:
Litecoin Whale Moves $50 Million Worth of LTC Before 15% Crash
Launched in 2011, Litecoin is a decentralized digital currency that is based on the Bitcoin protocol. The Litecoin cryptocurrency works similarly to Bitcoin, except for a few changes that allow for faster transaction processing times and lower fees.
Litecoin has always performed well in the cryptocurrency market and often ranks as one of the top ten cryptocurrencies by market cap. However, recently, the value of Litecoin fell by 15% within 72 hours. A 15% price decrease in a cryptocurrency is not an uncommon occurrence in the volatile cryptocurrency market.
However, the recent drop in the price of Litecoin has sparked a debate in the crypto sphere because shortly before the drop, an unknown cryptocurrency whale moved about $50 million worth of Litecoin tokens. Crypto enthusiasts have been left wondering whether the whale was warned about the possible crash of Litecoin.
Although the movement of large amounts of LTC by the whale may suggest the whale knew of the impending crash, there is no way of knowing for sure since the crypto market is prone to drastic price wings influenced by market conditions and regulatory developments.
SEC Vs XRP Lawsuit Ruling Looming
The US securities exchange Commission vs XRP lawsuit has been a hot topic in the cryptocurrency market for some time now. XRP is the native cryptocurrency of Ripple, a company that provides cross-border payment solutions. The SEC alleges that Ripple, a company that provides cross-border payment solutions, conducted an unregistered securities offering through the sale of XRP tokens.
Experts predict that a ruling on the Sec VS XRP case is imminent, with some expecting it to happen before the end of April.
The outcome of the SEC vs XRP lawsuit is bound to have significant implications for the XRP cryptocurrency and the cryptocurrency community as a whole. If the ruling is in favor of XRP, then the price of XRP will likely shoot up. However, if the ruling favors the SEC, the XRP cryptocurrency, and the major cryptocurrency industry is bound to suffer.
As of now, XRP is already delisted from several cryptocurrency exchanges due to the lawsuit that has been going on for about two years.
The TMS Network Presale Explodes
The TMS network has been making headlines for its explosive presale which has seen its token price skyrocket by an unbelievable 2500%.
TMS Network’s (TMSN) is a decentralized platform built on the Ethereum blockchain, to solve the pressing problems in the trading industry. For example, through the TMS network, traders will have access to an all-in-one platform where they can trade any type of derivative they want. This gives traders a unique chance of having their portfolio under one platform, which makes it easier to know how their overall portfolio is performing at a glance.
TMS network makes it even easier for traders by allowing them to trade by simply connecting their wallets to the TMS Network’s (TMSN) platform. This way, traders don’t have to give up ownership of their cryptocurrencies or have an account with the TMS network to execute trades. Additionally, no fiat fiat-to-crypto changes need to be performed.
Another way through which the TMS network is revolutionizing the trading industry is by introducing social trading, a feature that allows inexperienced traders to follow their more experienced counterparts, copy their moves and learn from them.
The TMS network also pays traders a commission based on the trading volume on the TMS Network’s (TMSN) platform. This means that in addition to the profits they make from their trades and the increase in the value of the TMS Network’s (TMSN) token, traders are entitled to additional passive income based on the volume of trades on the TMS network. The more people use the TMS network, the larger the commission a trader receives.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io