Why Are Investors Selling Their Stakes In Litecoin (LTC) And Solana (SOL) To Acquire TMS Network (TMSN)?

The world of cryptocurrency is an ever-changing and dynamic space. Investors that have a high-risk appetite, and are interested in having a truly diversified portfolio are keen to invest in cryptocurrencies, regardless of their dynamic and volatile nature. It can be difficult for an investor to keep up with all the news associated with crypto markets. To help with this, through this article, one can gain some insight into the decreasing popularity of Litecoin (LTC) and Solana (SOL), and a rise in demand for TMS Network (TMSN ).

The declining popularity of Litecoin (LTC)

Litecoin (LTC) was one of the most sought-after cryptocurrencies in the crypto market. It was founded in 2011 with the main aim of reducing the control of the mining process by enterprise miners. Litecoin (LTC) is similar to Bitcoin (BTC) but uses a different algorithm, resulting in a faster processing time.

This year, Litecoin’s (LTC) performance has not been noteworthy, as Litecoin (LTC) is underperforming against other major currencies like Bitcoin (BTC). After the much-awaited announcement, on March 5th, regarding the halving of Litecoin (LTC) in 150 days, investors were hoping for an upward spike in prices, which has not been the case so far. The lack of momentum around Litecoin (LTC) has led to reduced investor interest, causing them to sell their stake in token. Moreover, the latest blockchain network update of an added security patch in Litecoin (LTC) resulting in increased ease of mining has not produced a noteworthy impact.

The price of Litecoin (LTC) is $90.21 as of the date of this article. Litecoin (LTC) has been down by 0.70% in the past 24 hours. Thus, the market sentiment is majorly bearish towards Litecoin (LTC).

Solana (SOL) unable to gain investor traction

Solana (SOL) is one of the most popular cryptocurrencies on the market that functions on the blockchain technology. Solana (SOL) uses the proof-of-stake (PoS) along with the proof-of-history (PoH) mechanism. Compared to its rivals like Ethereum, Solana (SOL) can process more transactions per second at a lower charge. Solana (SOL) is scalable, decentralized, and secure, making it a desirable investment option. Despite these qualities, Solana (SOL) has been losing investor traction. This can be attributed to various factors like the Solana (SOL) outage freeze that took place in February. Moreover, the reduced investor interest in Solana (SOL) in 2022 after its embroilment in the FTX saga, and the fight of the bears to regain market control have negatively impacted the token.

The continued rise in popularity of TMS Network (TMSN)

TMS Network (TMSN ) is all set to be the next big thing that will revolutionize the crypto market. Due to TMS Network’s (TMSN) cutting-edge blockchain technology and smooth trading experience, along with other investor perks such as governance rights, and commissions on each trade, TMS Network (TMSN) offers a one-of-a-kind platform that allows investors to trade in all derivatives using a single platform.
TMS Network (TMSN ) has become an investor favorite in the market, leading to a surge in demand in its presale rally. TMS Network (TMSN), in the first stage of its presale rally, secured $500k, in addition to a private seed investment of $2 million. The second stage of the presale has been a greater hit amongst investors, bringing its total investments to over $3.5 million. Experts believe that with the current growth rate, TMS Network (TMSN) is expected to showcase a surge of more than 1000%.

Conclusion

Litecoin (LTC) and Solana (SOL) have failed to hold investors interest, while TMS Network (TMSN ) is paving the way to establish itself as a new contender for one of the best crypto investment options in 2023, portraying the same through its astounding presale rally.

Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/tmsnetworkio

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