The crypto space has recently been hit with a series of sanctions and charges from regulatory bodies. A-list companies in the crypto space have received their fair share of the bitter pie. This has directly impacted the crypto market, making cryptocurrencies lose their stability.
However, amidst actions from regulatory bodies, TMS Network (TMSN) has continued to thrive, taking over the crypto market, and outperforming both Ethereum Classic (ETC) and Stellar (XLM).
TMS Network (TMSN)
TMS Network (TMSN) is a decentralized layer 2 network, designed to solve the existing problems associated with Ethereum, its parent network. TMS Network (TMSN) jettisons the need for intermediaries to mitigate the risk of fraud and counterfeiting on the TMS Network (TMSN) and the crypto space in general.
On TMS Network (TMSN), holders of the native tokenTMSN can participate in the governance and decision-making process in the platform. In addition to this, holders of TMS Network’s (TMSN) native token also get access to various benefits and incentives.
Since the commencement of its presale, TMS Network (TMSN) has continued to thrive, despite the domineering effect the crypto crackdown has had on the crypto market. TMS Network (TMSN) kickstarted its presale trading at $0.0047 and it has risen through the ranks and file and it’s currently trading at 0.05, a 2240% increase. This has earned TMS Network (TMSN) a market-leading position in the market.
Ethereum Classic (ETC)
Launched in 2016, Ethereum Classic (ETC), a hard fork of the Ether (ETH), is designed to serve as a smart contract network, facilitating the development of decentralized applications. Ethereum Classic (ETC) has differentiated itself from Ethereum, operating on separate networks and having different roadmaps.
The value of Ethereum Classic (ETC) became unstable in response to the regulatory crackdown in the crypto space. Ethereum Classic (ETC) opened the year trading at $21.12 from which it plummeted to $16.5 at the peak of the crackdown. Ethereum Classic (ETC) had made some little moves, going as high as $ 22.24.
However, Ethereum Classic (ETC) could not keep its head up amidst the crackdown which brought Ethereum Classic’s (ETC) value down to $19.2. Ethereum Classic (ETC) is currently trading at $20.26. While the value of Ethereum Classic (ETC) is in the quest for stability, TMS Network (TMSN) has been on a steady upward movement.
Stellar (XLM) is a peer-to-peer decentralized network created to onboard the world’s financial systems, establishing payment platform providers and financial institutions. Stellar (XLM) connects individuals, financial institutions, and payment processors and enables users to produce, send, and trade different kinds of cryptocurrency.
Opening the year, Stellar ((XLM) traded at $0.080. Surprisingly, the value of Stellar (XLM) rose, going as high as 0.109. Reacting to the crackdown on the crypto space, the bullish move of Stellar (XLM) was cut short as Stellar (XLM) has been on a prolonged bear move, with its value going as low as to as low as $0.105.
While Stellar (XLM) was plummeting, TMS Network (TMSN) weathered the regulatory storm to prove its strength in the crypto space. Despite being a nascent project, TMS Network (TMSN) maintained its course, defeating Stellar (XLM) performance-wise. Currently trading at $0.103, Stellar (XLM) has continued to find its stability in the market.
The crackdown by regulators in the crypto space has had crippling effects on cryptocurrencies in the crypto market. Among those affected are Ethereum Classic (ETC) and Stellar (XLM). However, TMS Network (TMSN) stood tall, breezing past the duo.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: null tx