Profits are not made in times of market uncertainty. Ripple (XRP) released a billion tokens from escrow, leaving traders confused and seeking more predictable assets like ApeCoin (APE) and the opportunity for higher yields in tokens like TMS Network (TMSN), a decentralized exchange now in the second phase of presale.
Ripple (XRP) – Escrow Causes Confusion
Ripple (XRP) released one billion Ripple (XRP) tokens from escrow, causing chaos in Ripple’s (XRP) price. Approximately $ 378 million was withdrawn, and whales transferred 218 million Ripple (XRP) to wallets.
While the year-to-date price for Ripple (XRP) is up around 12%, Ripple (XRP) lost considerable value after the whale feeding frenzy.
This doesn’t seem to be a great time for Ripple (XRP) – with the ongoing legal matters with the US Securities Exchange Commission and the unexpected escrow release, investors are shying away from an asset with unpredictable outcomes and pursuing more stable assets.
ApeCoin (APE): NFT Provider Joins Web3 Revolution
Most people only know ApeCoin (APE) as the token from the boom-and-bust novelty NFT Bored Ape Yacht Club (BAYC).
However, there is more to ApeCoin (APE) than the novelties of NFTs. ApeCoin (APE) is making a name for itself as a big-name player in the Web3 space. The motivation behind Web3 is the concept of decentralization, enabling true peer-to-peer communications without the need for centralized platforms. By staking virtual land in Otherdeeds, an aspect of the gamified metaverse Otherside, ApeCoin (APE) is used as an in-game currency.
As per the Ethereum-based smart contract ApeCoin (APE) is created on, ApeCoin (APE) cannot be minted/mined nor destroyed/burned. With a fixed supply of 1 Billion tokens, scarcity is built right into the ApeCoin (APE) backbone, and with major brands like Gucci now accepting ApeCoin (APE) as payment, this scarcity will drive up the price, giving credence to ApeCoin (APE)’s future viability.
TMS Network (TMSN) – Courting Investors with Decentralized Trading
Decentralized exchange TMS Network (TMSN) is attracting investors thanks to its innovative solutions-based platform. Using the Ethereum infrastructure for its architecture, TMS Network (TMSN) is a fully transparent and totally decentralized exchange.
This decentralization has many benefits. Chief among these are security and ownership. Because every transaction is indelibly inked on the publically viewable blockchain, TMS Network (TMSN) is at low risk of corruption and manipulation, eliminating the exchange meltdowns of late 2022. Those who own TMS Network (TMSN) tokens own the network. This absolute decentralization of the exchange means that those who invest in the system control the system, making TMS Network (TMSN) immune to corporate interference.
But decentralization principles are mere glamors if the product offering isn’t robust. This is where TMS Network (TMSN) network excels. Among a range of features, its main drawcard is existing trading platforms do not support multi-asset class trading; IE, you cannot use cryptocurrencies to buy foreign exchange, for example. TMS Network (TMSN) changes that.
The prospects of TMS Network (TMSN) are intoxicating, and investors have already entrusted half a million dollars to the platform during its sold-out first-phase presale. Those seeking a steadier ride in times of market volatility can get TMS Network (TMSN) tokens at $0.025.
For more information, follow the links below.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Twitter: https://twitter.com/tmsnetworkio
