Monero (XMR) and Ripple (XRP) are benefiting from a recovering market as the cryptocurrency world awaits the painfully lengthy outcome of Ripple (XRP)’s court battle with the U.S. Securities and Exchange Commission (SEC). Not to be outdone by established tokens, new decentralized exchange TMS Network (TMSN) ran away with the loot during the pre-sale phase.
Ripple (XRP) – Ongoing court drama won’t hinder growth
With the SEC seemingly determined to pursue Ripple (XRP) as an unregistered security, it is wasting its own time and many market pundits are asking, “What is this for?” declared Rahul Advani, head of Asia Pacific at Ripple , more than 90% of Ripple (XRP) activity is outside the United States, outside the jurisdiction of the SEC.
While within the U.S., cryptocurrency enthusiasts may be eagerly awaiting the outcome of the Ripple (XRP) court case, elsewhere in the world, it’s business as usual for Ripple. In year-to-date figures, Ripple (XRP) is up 22% as the first quarter of 2023 draws to a close.
Since Ripple is the fourth-largest coin by market capitalization and trading volume, the SEC lawsuit is no deterrent to cryptocurrency experts who believe in the long-term viability of Ripple (XRP).
Monero (XMR) – Absolute Anonymity Balances Good and Bad
Monero is a privacy-focused cryptocurrency that provides users with a high degree of anonymity and security. The CryptoNight proof-of-work (PoW) algorithm for Monero (XMR) is designed to be ASIC-resistant, meaning it is less vulnerable to specialized mining hardware, which risks centralizing mining power in the hands of a few large players .
CryptoNight achieves ASIC resistance by requiring a lot of memory for mining, making it more suitable for CPUs and GPUs. This design choice promotes decentralization and encourages more people to participate in the Monero mining process, further strengthening the security and privacy features of the Monero (XMR) network. Monero regularly updates its protocol to maintain ASIC resistance and thwart any attempts to monopolize the mining process.
This emphasis on decentralization and privacy has made Monero (XMR) one of the cryptocurrencies of choice for those seeking anonymity in online transactions, making it popular among privacy advocates, activists and even cybercriminals.
Seeing early gains in January, XMR fell 13% in mid-March, but recovered 18% by the end of the quarter, 5% higher than New Year’s Day.
TMS Network (TMSN) – Pre-Sale Buy-in Predicts Profitable Initial Coin Offering
The cryptocurrency space has come to expect huge profits during a bull run, and pundits are unlikely to be satisfied with a three-month return of barely 5%. This is why smart investors are turning to the TMS Network (TMSN) presale. New decentralized exchanges are attracting investors with their unique product offerings and token economics.
TMS Network (TMSN) raised over $2 million in liquidity through a private seed sale through an incubation fund. Soon after, they sold out their first pre-sale period in less than two weeks, adding another $500,000.
Investors are excited about the earning potential of TMS Network (TMSN). TMS Network (TMSN) is more than a governance token; it is a token of ownership. TMS Network is fully decentralized and uses the powerful Ethereum blockchain to power operations.
The smart contract TMS Network (TMSN) is based on a fair distribution of globally earned profits among all those who hold TMSN tokens, generating income for its users even in a bear market.
The second phase of the TMS Network (TMSN) pre-sale is underway, and investors can follow the smart currency by purchasing tokens at a price of $0.038.
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