While Binance (BNB) hit a $220 low for the first time in six months, the price has recently rebounded by over 10%. Despite this temporary recovery, Binance (BNB) is not out of hot water yet. Thus, investors have sought greener pastures with projects like TMS Network (TMSN) and (Ripple (XRP). TMS Network (TMSN) is a new all-in-one crypto trading platform that analysts regard as the next big thing in crypto. Out of the two, it offers more lucrative returns.
So, let’s explore its potential and performance and compare it against Binance (BNB) and Ripple (XRP).
TMS Network (TMSN): An Innovative Crypto Trading Platform with Revenue Sharing
TMS Network (TMSN) is blockchain technology meeting derivatives. It’s a platform for trading multiple assets like forex and crypto with many perks.
TMS Network (TMSN) developers created the service to solve the most pressing issues in the industry, including high trading fees, the need for transparency, price manipulation, limited social trading option, and lack of education.
In response to each, TMS Network (TMSN) will do the following:
- Use straight-through processing, allowing for fairer markets and low fees.
- Provide real-time data analytics and smart contracts to show its operations.
- Have an algorithm to detect unusual trading patterns.
- Allow copy trading and a network for traders to learn from each other.
- Include an extensive range of educational resources like webinars, videos, and guides.
The icing on the cake is TMS Network’s utility token, TMSN, currently valued at $0.11, a massive jump from its initial $0.003 price. With TMSN, users will receive a share in TMS Network (TMSN) commission for each executed order. This means a passive and extra income stream for TMSN holders.
TMS Network is currently in stage 4 of its blossoming presale, with plenty of tokens left for investors to purchase. So, jump in and take your share of profits until it’s too late!
Binance (BNB): Binance Facing SEC Legal Battle
Binance (BNB) is a hot topic after the latest SEC lawsuit targeting Binance, the exchange that created it. This ongoing legal clash has added more bearishness in the crypto market, and Binance (BNB)’s price action shows the effect.
Since the start of June 2023, Binance (BNB) (now $220) has been down 30% from a high of $317. Yet, an uptick in open interest saw Binance (BNB) go from the six-month low of $220 to $253. This may have been spurred by the deal between Binance.US and the SEC not to freeze all of the former’s assets.
Yet, Binance (BNB)’s long-term recovery rests on the legal battle against the parent company, which could drag on indefinitely.
While Binance remains the largest exchange in trading volume, it hasn’t been without controversy and regulatory scrutiny. Coupled with the ongoing bear market, analysts doubt that Binance (BNB) could exceed $300 in 2023.
Ripple (XRP): Investors Anticipating a Positive Outcome Amid Ongoing SEC Case
Ripple (XRP) is another project that felt the wrath of the no-nonsense SEC, having an ongoing case that began in late 2020. However, Ripple (XRP) investors have high hopes that this battle is at the tail end and will result in a positive outcome.
Santiment, a well-known data analytics service, reported a rise in Ripple (XRP)’s social sentiment, suggesting the project is receiving attention. This coincides with the steady increase in daily active Ripple (XRP) addresses based on information from the same provider.
But, despite the positive news, Ripple (XRP) dropped from $0.56 to $0.47 in two days due to the Federal Reserve’s latest interest rate decision.
Still, Ripple (XRP) investors are focused on the long-term, with the pending SEC case having huge speculative narratives around a potential price surge. If all goes well for Ripple (XRP), its value would easily cross $1 at the very least.
Explore the TMS Network presale here:
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io
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