Cryptocurrency has been the talk of the town for quite some time now, and it’s no surprise that the market has been volatile. The latest news in the world of crypto includes Litecoin’s (LTC) record high hashrate, and Elon Musk’s Dog boosting Dogecoin (DOGE) by $500M in just 15 minutes. However, amidst all this, TMS Network’s (TMSN) new ICO is being tipped to lead the market. In this article, we will discuss the negative and positive aspects of the recent news of Litecoin (LTC) and Dogecoin (DOGE), and how TMS Network (TMSN) can revolutionize the crypto market.
LTC Hashrate Reaches Record High Amid Surge in Price, But Market Analysis Forecasts Negative Week Ahead for Litecoin
Litecoin (LTC) has been one of the most successful large-cap assets in recent months. The hashrate of Litecoin (LTC) has reached an all-time high of over 680 TH/s. This boost in network hashrate comes on the heels of a recent 50% increase in the price of Litecoin (LTC), which is now selling at more than $80 per coin. However, despite the positive network activity, the forecast for this week’s Litecoin (LTC) price is negative, according to market analysis. The price of Litecoin (LTC) has fallen from its high of $89.65 to its current level of $88.02, which is a decrease of 0.44% in just 24 hours.
Elon Musk’s Tweet Boosts Dogecoin (DOGE) Market Cap, Raising Concerns of Volatility and Disadvantages for Investors
Elon Musk’s Dogecoin (DOGE) tweet recently boosted the token’s market cap by $500M in just 15 minutes. This is not the first time Musk’s tweet has sent crypto prices soaring. However, this sudden increase in market cap of Dogecoin (DOGE) can be disadvantageous to investors, as it is based on a mere tweet from a celebrity rather than the actual performance of the asset. Additionally, the tweet created an environment of volatility, which can lead to a drop in the price of Dogecoin (DOGE) just as quickly as it rose. As of today, Dogecoin (DOGE) is trading at $0.0859 per DOGE/USD. Dogecoin (DOGE) is representing a decline of 88.39% from its all-time high of $0.74.
TMS Network (TMSN) Launches First-of-its-Kind Decentralized Trading Platform
Investors have been seeking better alternatives to current trading platforms for a long time, and TMS Network (TMSN) has come to the rescue. TMS Network (TMSN) is the first-of-its-kind decentralized trading platform that aims to revolutionize the crypto market by providing a comprehensive and efficient way for traders to trade in several digital assets. TMS Network (TMSN) is built on blockchain technology, ensuring transparency and security. Smart contracts manage all trades on the platform, and all transactions are recorded on a public ledger. Moreover, the absence of intermediaries on the platform allows traders to invest in a wide range of assets at lower costs. TMS Network (TMSN) provides a single user interface for instant deposits of all digital assets, including cryptocurrencies, CFDs, stocks, and Forex. The platform’s scalability is a prominent feature, as it can easily accommodate an increasing number of transactions while maintaining its fast speed.
Conclusion
In conclusion, while the cryptocurrency market can be volatile and unpredictable, there are always opportunities for innovation and growth. Though the recent surge in Litecoin’s (LTC) hashrate and Elon Musk’s tweet boosting Dogecoin (DOGE) has captured headlines, it is essential to look at the bigger picture and consider the potential impact of new projects like TMS Network (TMSN). As the market continues to evolve and mature, it will be exciting to see how new projects like TMS Network (TMSN) will shape the future of cryptocurrency trading.
You can find out more about TMS below:
Whitepaper: https://tms-net.netlify.app/whitepaper.pdf
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetwork
Twitter: https://twitter.com/tmsnetworkio
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