One thing that is constant in the crypto space is the element of surprise – tokens can sometimes outperform others in an unprecedented manner. This is particularly so for upcoming cryptocurrencies, which can quickly outpace already-established projects.
With the recent turn of events in the crypto market, TMS Network (TMSN), a nascent project in the space has made waves, overtaking some long-existing cryptocurrencies performance-wise. TMS Network (TMSN) has been roundly outperforming the established Monero (XMR) and Litecoin (LTC).
TMS Network (TMSN)
TMS Network (TMSN) is an L2 decentralized network built on the Ethereum network. TMS Network (TMSN) offers scalability, price uniformity, enhanced security and even education. On TMS Network (TMSN), traders are given a range of arbitrage trading signals which informs them on when to leverage price differences on exchanges.
On TMS Network (TMSN), holders of the native token are given voting rights which enables them to participate in the decision-making process. This is a solid indicator of TMS Network’s (TMSN) community-focused approach, allowing dedicated users to fully articulate their needs and interests.
Since the commencement of its presale in 2023, TMS Network (TMSN) has recorded astonishing numbers. The value of TMS Network’s (TMSN) native token $TMSN has increased by over 900% trading at $0.05 from the launch price of $0.0047. In addition, TMS Network (TMSN) has generated over $4 million in its presales, asserting its strength in the crypto market.
Launched in 2014, Monero (XMR) is a network designed to guarantee transactional privacy and anonymity. Making use of an advanced level of cryptography, Monero (XMR) conceals the identities of the transacting parties. Monero’s (XMR) privacy feature also makes it impossible for its coins to be blacklisted.
Monero (XMR) has gained popularity in the crypto space because of its privacy and this has earned it an average daily trading volume of $81,493,964. However, Monero (XMR) has struggled to dominate the market. The year 2023 opened with Monero (XMR) trading around $182 and it has plummeted, reaching $133 less than one month ago.
Currently trading at $163, Monero (XMR) has struggled to maintain an upward trend despite its clout. While this was happening, TMs Network (TMSN) came from behind to overtake Monero (XMR) in terms of performance, recording over a 900% increase in the value of its token, a feat Monero (XMR) has been unable to achieve.
Launched in 2011, Litecoin (LTC) was created to provide secure and speedy transactions at a low cost. Litecoin (LTC) achieves this by leveraging the Bitcoin protocol. However, Litecoin (LTC) differentiates itself in turns of hard cap, algorithm used, and block transaction time.
With an average daily trading volume of $731,590,611, Litecoin (LTC) has continued to struggle for dominance despite its long existence. Litecoin (LTC) traded at $89 at the beginning of this year and it made an impressive move going as high as $103. Litecoin (LTC) could not sustain this which saw it plummet to $67.
Litecoin (LTC) has been unable to thrive significantly which has made TMS Network (TMSN) outperform it despite being at its presale and it has recorded a 2240% increase in revenue generated. Litecoin (LTC) is currently trading at $98 with a continued quest for dominance in the crypto market.
It has been made crystal clear that the duration of the existence of a token does not translate to its success. This has been exemplified by the trio. Although TMS Network (TMSN) is a new project, it is dominating both Monero (XMR) and Litecoin (LTC) in the crypto market despite their longevity. With further greatness predicted on the horizon, investors are advised to look into the project sooner than later.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.