XRP (XRP) and Filecoin (FIL) are two names every cryptocurrency enthusiast knows. However, they face much competition from TMS Network (TMSN).
Investors of XRP (XRP) and FIlecoin (FIL) are curious about the new TMS Network (TMSN) currency. Here’s what they need to know:
Filecoin (FIL) is akin to cloud storage on the blockchain: it stores humanity’s most important information. An open-source and decentralized platform, Filecoin (FIL) works as a peer-to-peer storage network and charges users to store data on it. Filecoin (FIL) is backed by a blockchain which uses two algorithms: proof-of-replication and proof-of-spacetime.
According to the developers, Filecoin (FIL) solves the problem of ineffective data storage inherent in existing cloud systems. Traditional servers are centralized, while Filecoin (FIL) offers a decentralized solution. This allows for greater transparency for Filecoin (FIL) users. The Filecoin (FIL) community governs its own data, and the Filecoin (FIL) ecosystem incentivizes storing of as much data as needed, unlike traditional cloud storage that puts caps on storing data.
Filecoin (FIL) is very stable in the market, having depreciated only by 0.5% in the past week. While Filecoin (FIL), like all currencies, was affected by the SEC lawsuit, it has considerably rebounded and has plateaued. Filecoin (FIL) currently trades at $3.6 and is unlikely to appreciate or depreciate considerably. Holding the Filecoin (FIL) token is the best strategy right now.
Given Filecoin (FIL) stability, it may be a good store of value but doesn’t promise much profit for growth-minded investors, unlike TMS Network (TMSN).
The XRP (XRP) ledger is a relatively old token created and owned by Ripple Labs, a real-time gross settlement system. XRP (XRP) was created as an alternative to Bitcoin due to its slow speed and high transaction costs. XRP (XRP) costs only $0.0002 to make a transaction and can settle transactions in 3-5 seconds.
You can also scale XRP (XRP) up quickly as it can process over 1500 transactions every second. XRP (XRP) is also more eco-friendly than Bitcoin, and its mining is carbon-neutral.
Owing to the SEC lawsuit against Ripple for non-adherence to regulations, XRP (XRP) saw a temporary drop in its value on June 10th. However, as the case progressed and Ripple seemed to be having a decent shot, XRP’s (XRP) price went up.
On 13th June, XRP (XRP) was trading at its month-highest value. However, this triumphant rebound was short-lived as XRP (XRP) plunged to $0.46, lower than what it was trading at after the lawsuit-caused drop.
XRP (XRP) is likely to stay extremely volatile during the proceedings. This can be risky, and investing in XRP (XRP) can lose you money. There are safer, more profitable alternatives like TMS Network (TMSN).
TMS Network (TMSN)
Unlike other platforms, TMS Network (TMSN) offers its users an integrative platform where you can trade multiple assets, including crypto, stocks, forex, and more. TMS Network (TMSN) has stringent security measures in place to prevent price manipulation. Novice users can also easily use TMS Network (TMSN) through the help of MT4 and MT5 algorithms which work as expert counsels. TMS Network’s (TMSN) vibrant, supportive, and collaborative community is known for providing an engaging and wholesome space for traders.
Owning a TMS Network (TMSN) token has several perks: token holders get access to premium features, voting rights, and a portion of the revenue generated by trading volume.
TMS Network (TMSN) has been increasing in popularity: in its 4th pre-sale phase, it saw an appreciation of 2000% in its value. Around $6 million dollars have been raised by TMS Network (TMSN) so far.
Cryptocurrency investors are always looking for new blockchain technologies with a high potential for profit. TMS Network (TMSN) provides them with opportunities, and it has eclipsed XRP (XRP) and Filecoin (FIL).