Marco Steiner
Independent Analyst
Digital currencies like Ripple (XRP), Solana (SOL), and TMS Network (TMSN) were invented to create a decentralized economy that cannot be controlled by any individual or government. But over the years, cryptocurrencies have been facing increasing scrutiny from government regulators who are determined to designate crypto tokens as securities. However, networks like TMS Network (TMSN) are not perturbed by this development and are just working hard to increase their reach.
Investors anticipate court judgment on Ripple (XRP)
Many Ripple (XRP) investors are eagerly waiting on the court judgment against Ripple (XRP) Labs filed by the U.S. Securities and Exchange Commission (SEC), which alleges that Ripple (XRP) sold over a billion dollars worth of tokens to investors without registration.
Although Ripple (XRP) denied the allegation by claiming that the token is a digital currency, not an investment asset, the SEC is still actively pursuing the case in court, and many investors are hoping the outcome will favor Ripple (XRP).
As a blockchain platform, Ripple (XRP) uses less energy and a consensus mechanism to confirm transactions on its network via multiple servers. It is also cost-effective, and transaction time on Ripple (XRP) is faster and more reliable. Despite the challenges Ripple (XRP) network faced following these developments, it is still ranked among the top 10 performing cryptocurrencies based on market capitalization.
Solana (SOL) up by 30% despite SEC lawsuit
Like Ripple (XRP), Solana (SOL) is also facing a suit filed against it by the Securities and Exchange Commission (SEC). Despite the lawsuit, Solana (SOL) has been doing amazingly well and has risen by 30% to $21 in the last 30 days.
In the lawsuit, the SEC accuses Solana (SOL) and its founder Anatoly Yakovenko, of selling Solana (SOL) to investors in the United States without registering it as a security. This lawsuit is similar to the one filed against Ripple (XRP).
According to market analysis, this lawsuit does not adversely affect the current market survey for Solana (SOL), and investors are specifically confident about Solana's (SOL) ecosystem. Officially launched in 2020, Solana (SOL) is a technologically advanced open-source blockchain network with smart contract functionality.
Solana (SOL) gained popularity in 2021 and rose to its all-time high of over $250 in November of that same year. Although now down by 92% from its all-time high, Solana (SOL) is still regarded as one of the best altcoins in the industry.
TMS Network (TMSN) community keeps growing
Investors are now flocking to tap into the revolutionary blockchain ecosystem of TMS Network (TMSN) because it offers them options to trade stocks, CFDs, cryptocurrencies, and Forex. By harnessing the power of blockchain technology, TMS Network (TMSN) can provide better alternatives to the downsides of decentralized exchanges.
All TMS Network (TMSN) transactions are recorded on open-source ledgers for transparency and accountability. This level of transparency should help TMS Network (TMSN) avoid legal issues in the future.
As a community project, TMS Network (TMSN) token holders will have a say in its governance and any decision-making regarding its development. Additionally, TMS Network token holders will be able to access exclusive trading tools, educational resources, and dedicated customer support.
Another definite perk awarded to those holding TMS Network tokens is a generous commission-sharing scheme that creates an incentive for holders to trade on the platform. The distribution of revenue is contained within TMS Network’s smart contract, which was audited by InterFi Network.
TMS Network (TMSN) is very secure, fast, and efficient. It is a community-driven network that aims to solve trading issues like slow transaction time, high gas fees, lack of transparency, etc., pertinent to centralized exchanges (CEXs) and even decentralized exchanges (DEXs).
Summing up
Community development and education are critical features that are crucial to crypto projects, helping crypto platforms withstand scrutiny without losing value. In that regard, TMS Network (TMSN), Ripple (XRP), and Solana (SOL) have established themselves as frontrunners. The focus TMS Network (TMSN) gave to transparency right from the start makes it the obvious investment choice.
This article is sponsored
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
US presidential election outcome could shape the future of crypto
US citizens will go to the polls to elect a new president on November 5, and their choice could be key for the future of the crypto industry and thus the price outlook for Bitcoin (BTC).
Bitcoin ETFs beat Gold ETFs with 65% gain since launch
Bitcoin ETFs have reshaped the digital asset investment landscape since their approval in January. Their total assets under management climbed over $70 billion during the weekend, placing them ahead of other investment products, including gold.
XRP eyes 10% rally amid relisting across crypto exchanges and growing institutional demand
Ripple's XRP is trading at $0.5050 up slightly by 0.2% in the past 24 hours as it struggles to sustain a move above a key symmetry triangle resistance. Meanwhile, in its recently released Q3 report, Ripple noted the rising listing and relisting of XRP across crypto exchanges and global platforms.
Ethereum Price Forecast: ETH struggles below $2,500 amid State of Michigan pension fund investment in ETH ETF
Ethereum is trading near $2,420, down about 1% on Monday, but could bounce off a key descending trendline close to the $2,258 historically high demand zone. Meanwhile, the State of Michigan pension fund revealed an investment of $11 million in ETH exchange-traded funds.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.