While Litecoin (LTC) and XRP (XRP) are two of the oldest altcoins in existence, they are having a hard time keeping up with TMS Network (TMSN), which has seen a more than 1600% increase in its token price so far. TMS Network’s (TMSN) token presale is currently in its second phase, and crypto traders have been flocking to the decentralized exchange’s (DEXs) token, speculating on the platform’s growth in 2023.

TMS Network (TMSN)

Anyone who is interested in crypto has probably heard of the concept of a DEX, but they can be quite intimidating for those who are not familiar with how this technology works. DEXs can be extremely powerful tools for finance, which is why TMS Network (TMSN) has built their exchange using secure smart contracts advances. It’s no mistake that TMS Network (TMSN) is focused on making their DEX easy for even the most inexperienced traders.

Even if someone has not previously used a wallet, they’ll be able to get started with TMS Network (TMSN) quickly. This is because TMS Network (TMSN) users effectively create their accounts by logging into the decentralized application with their crypto wallet rather than handing over all of their personal data to a third party custodian. Keeping personal data and crypto in the hands of users is a key security feature of TMS Network (TMSN).

Novice crypto users can also profit from TMS Network (TMSN) simply by buying and holding TMS Network (TMSN) tokens as well, because a percentage of trading fees paid to the platform are shared with token holders.

Litecoin (LTC)

Litecoin (LTC) is one of the oldest and most popular cryptocurrencies in the market. It was created in 2011 as a fork of Bitcoin, with the aim of being faster, cheaper, and more scalable. However, in recent years, Litecoin (LTC) has faced some challenges.

According to data from Glassnode, Litecoin’s (LTC) transfer volume has been declining since its peak in May 2021, when it reached over $20 billion. Since then, it has dropped by more than 80%, reaching around $3.6 billion in October 2021.

One issue with Litecoin (LTC) recently has been the lack of major updates or innovations on the Litecoin (LTC) protocol. Another factor is the emergence of new and faster alternatives to Litecoin (LTC), such as Solana, Polygon, and Avalanche. Moreover, some of these platforms also support interoperability with other blockchains, including Bitcoin and Ethereum.

However, this does not mean that Litecoin (LTC) is doomed or irrelevant. Litecoin (LTC) still has some advantages over other cryptocurrencies, such as its high liquidity, wide availability, and strong community support.

XRP (XRP)

Ripple, the company behind the XRP (XRP) cryptocurrency, has been facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) since December 2020. The SEC alleges that Ripple and its executives sold unregistered securities worth over $1.3 billion through XRP (XRP). Ripple denies the charges and argues that XRP (XRP) is a digital asset, not a security.

In a recent development, Ripple’s chief technology officer (CTO) David Schwartz confirmed that Ripple sells XRP (XRP) to reduce its holdings and influence over the market. He said that Ripple does not want to be the dominant force in the XRP (XRP) ecosystem and wants to foster a healthy and diverse community of developers, validators, and users. He also said that Ripple has no control over the XRP (XRP) ledger, which is decentralized and open-source.

Although XRP (XRP) and Litecoin (LTC) have been around longer than pretty much any other altcoin still standing, it may be time to make room for some new blood in the form of TMS Network (TMSN). Without new innovations, XRP (XRP) and Litecoin (LTC) simply won’t make it.

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.