The crypto market, crypto products, and crypto investors are all maturing. Since the start of the year, the TMS Network (TMSN) has seen a steady uptick in investor interest. They are on the lookout for stable assets that they can buy. Litecoin and Ripple, which were once such instruments, are slowly being replaced by TMS Network (TMSN).
TMS Network (TMSN) provides a blockchain-powered, decentralized trading platform. The platform allows users to trade in various asset classes while keeping the transactions quick, cheap, and easy to execute.
Here is why Litecoin and Ripple face their biggest threat yet in TMS Network (TMSN).
Litecoin (LTC)
Litecoin is one of the first altcoins to gain wide acceptance. However, Litecoin has always been overshadowed by Bitcoin. If Bitcoin was crypto gold, then Litecoin is crypto silver. So, Litecoin found its USP in being a stable medium of exchange. Its relative stability in prices kept it relevant. With evolving technology, Litecoin strengthened its value proposition as a cheaper and faster mode of transaction.
However, with the introduction of the TMS Network (TMSN), Litecoin appears to be losing ground. TMS Network (TMSN) does not suffer from the scaling issues of Bitcoin. So it can run transactions more swiftly, safely, and cost-effectively. On the other hand, with a greater acceptance of the TMS Network (TMSN), it is also becoming an instrument of investment. So, TMS Network (TMSN) poses a real threat to the existence of Litecoin.
Ripple (XRP)
Ripple also prides itself in being a store of value. Initially, Ripple focussed on interbank payments. However, Ripple later created RippleNet, a global network for payments. Ripple announced that RippleNet “enables banks, payment providers, digital asset exchanges, and corporates to send money globally using advanced blockchain technology.”
However, TMS Network (TMSN) is a platform for traders to not only transfer money but also rearrange their portfolios across different asset classes and earn a profit. It works as an advanced version of RippleNet. Users can trade on TMS Network (TMSN) in forex, stocks, CFDs, and cryptocurrencies.
It is also important to note that a recent report in Financial Times talked about profits reported by Ripple and how they were primarily realized from selling XRP holdings of the promoters to retail investors. With highly competitive alternatives like TMS Network (TMSN) in the picture, Ripple has an even more uphill battle toward profitability. As users realize the added benefits and ease of TMS Network (TMSN), Ripple might face an existential threat as it has never faced before.
For more information on TMS Network (TMSN) please see the links below:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetwork
Twitter: https://twitter.com/tmsnetworkio
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
