No need to mention that the crypto market is subject to the fall and rise of prices because cryptocurrencies outperform each other as some move higher than others. In other words, some tokens retain their bullish status while some are unable to do that.

This has been substantiated by the recent movement in the crypto market which has made the new crypto titan, TMS Network (TMSN) punish Apecoin (APE) and Litecoin (LTC) with its 1700% value increase.

TMS Network (TMSN)

TMS Network (TMSN) is a trader-centric platform which also doubles as an L2 solution off the Ethereum blockchain. It is trader centric in the sense that TMS Network (TMSN) offers several trader-focused solutions and it offers traders a seamless and secure all-in-one trading experience. 

Simply put, TMS Network (TMSN) allows traders and users to control their assets and reduces fees by eliminating the need for intermediaries known as centralized entities. Also, by deploying advanced security mechanisms like encryption and consistent security audits, TMS Network (TMSN) is dedicated to security and transparency to ensure the safety of traders’ transactions.

To boot, TMS Network (TMSN) token holders have access to a plethora of features and benefits which includes advanced research and educational tools, governance rights, and a lucrative commission revenue sharing scheme, unlike Apecoin (APE) and Litecoin (LTC).

TMS Network (TMSN) is one of the top-performing cryptocurrencies in the market so far, punishing Apecoin (APE) and Litecoin (LTC) in the process.

Apecoin (APE)

ApeCoin (APE) is basically a brainchild of Bored Ape Yacht Club (BAYC) which is the team behind the popular NFT collection, Bored Apes. 

The rise of the Bored Ape Yacht Club (BAYC) was probably one of the strangest crypto stories of the late 2020s and 2021s because speculators and enthusiasts began paying millions for digital collectibles. The Apecoin (APE) token experienced a surge in price but has however  lost virtually all its value in line with the monumental slowdown in NFT volumes.

On ApeCoin (APE), according to Staking Rewards, a crypto tracking site, investors can get between 44% to 50% returns annually for holding the Apecoin (APE) tokens.

However, there are plenty of concerns over the sustainability of the Apecoin (APE) rewards which has made Apecoin (APE) to get punished alongside Litecoin (LTC) by TMS Network (TMSN) astronomical rise.

Litecoin (LTC)

Litecoin (LTC) was launched in October 2011 and it is regarded as one of the earliest altcoins in the crypto ecosystem because it shares a strong foundation with Bitcoin and it initially started out as a modified version of Bitcoin’s codebase.

Enthusiasts of Litecoin (LTC) claim it improves on Bitcoin in more important ways and it is believed to be one of the more reliable peer-to-peer payment systems. 

Additionally, Litecoin (LTC) distinguishes itself in many other areas: Litecoin (LTC) boasts of a maximum coin supply of 84 million which is four times larger than Bitcoin’s. Also, it has a targeted block time of 2.5 minutes – four times faster than Bitcoin’s targeted block time.

It is also believed that cryptocurrencies like Litecoin (LTC) make it feasible to execute digital transactions without the need for centralized entities (middlemen) like banks, it still hasn’t stopped TMS Network (TMSN) from punishing Litecoin (LTC) and Apecoin (APE) with its 1700% gains.

Conclusion 

No gainsaying that the TMS Network (TMSN) has recorded a monumental rise. started its presale trading at $0.0047 and it has been on a non-stop bullish move which saw it to currently trade at $0.093, an over 1700% increase from its initial price.

Also,  TMS Network (TMSN) has successfully raised a total of $6 million so far and looking at the current trend, TMS Network (TMSN) is fastly becoming one of the leading projects in the crypto space, outperforming Apecoin (APE) and Litecoin (LTC) in the process.

Presale: https://presale.tmsnetwork.io

Whitepaper: https://tmsnetwork.io/whitepaper.pdf

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetworkio

Discord: https://discord.gg/njA95e7au6

Chainbits is not the source of this content. This article is provided for educational purposes only. Users should exercise caution with investing/dealing with cryptocurrencies and do thorough research prior.