The crypto industry is a dynamic and rapidly evolving space. In recent times, the crypto market has been volatile, creating a great deal of uncertainty among investors. Through this article, we will shed some light on the movement of the crypto industry outside the US as stated by Ripple (XRP), the prediction of a swing in the price of Cardano (ADA), and the presale rally of TMS Network (TMSN).
Movement of the crypto industry outside the US; Ripple (XRP) CEO
Ripple (XRP) is a cryptocurrency that has gained significant traction in recent years. Ripple (XRP) has grown in popularity due to its unique features that enable quick and efficient cross-border payments. However, in December 2020, the SEC filed a lawsuit against the company, leading to the delisting of Ripple (XRP) from some exchanges, and causing significant uncertainty in the market. In a recent Bloomberg interview, Ripple (XRP) CEO, Brad Garlinghouse, stated that the SEC’s regulatory approach puts the US at risk of not being an attractive hub for crypto innovation. The CEO of Ripple (XRP) also commented that other countries have created a favourable regulatory environment after taking the time and thoughtfulness, and have hence created clear rules for the road. The Ripple (XRP) CEO further stated that the crypto industry has already started moving outside the US to nations like Australia, Japan, Singapore, Switzerland, and the United Kingdom.
Swing in the price of Cardano (ADA)
Cardano (ADA) is one of the biggest cryptocurrencies by market cap. It was created by the founder of Ethereum, Charles Hokinson, and launched in 2017. Cardano is designed to be an alternative to Ethereum with a scalable blockchain platform for smart contracts, which allows the development of decentralised finance apps, new tokens, etc. It runs on a proof-of-stake Ouroboros Consensus Protocol. ADA is considered to be one of the best performing cryptocurrencies in 2023 so far, and experts are bullish on Cardano’s performance for the year.
Santiment, a crypto analytics firm has predicted the price volatility of Cardano (ADA).The firm says that an increase in whale activity on the smart contract platform of Cardano (ADA) signals large price swings. According to the firm, Cardano could potentially surge by as much as 40%. So far, Cardano (ADA) has seen a change of 31.66%. As of the date of this article, Cardano (ADA) is down by 2% from the last 24 hours, and the price is at $0.323767.
TMS Network (TMSN) and its presale rally
TMS Network (TMSN), an all-in-one decentralised trading platform, whose presale began on February 15, has been gaining significant attention due to its presale rally. TMS Network (TMSN) platform is all set to transform the traditional trading model by increasing accessibility and transparency by eliminating intermediaries. By using blockchain technology, TMS Network (TMSN) ensures transparency and security in all transactions. The platform is designed to use smart contracts to execute all transactions, thereby reducing the risk of human error and ensuring efficiency.
$TMSN will be the platform’s native coin. As a $TMSN token holder, one can earn commissions from the trading activities of others on TMS Network, making it an attractive opportunity for investors. TMSN completed its first round of presale rally recently on an impressive note, with all tokens sold out early. TMS Network raised more than $500,000. The price of TMS Network (TMSN) has surged from $0.003 to $0.029 in a few weeks. In the second round of presale, the demand continues to be strong.
While the outcome of the SEC’s lawsuit against Ripple (XRP) remains uncertain, the company’s CEO has made statements regarding the movement of the crypto industry outside the US, which showcase a possible shift in the presence and balance of power of crypto industries around the world. Cardano (ADA) has had its moments in 2023, with a spike in whale transactions and a bullish future. TMS Network (TMSN) has witnessed an impressive presale rally, and is gaining attraction from investors around the world, showing potential for significant growth in future.
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