Various factors can influence the cost of cryptocurrencies, from social and environmental issues to political developments. And one of the biggest recent news stories has been the indictment of former US president Donald Trump. This has led to some ripple effects throughout the crypto sphere, and while certain tokens, like Litecoin (LTC) and Ethereum Classic (ETC) struggle, TMS Network (TMSN) forges ahead as one of the most profitable tokens of the moment.
TMS Network (TMSN)
A lot of people are excited about TMS Network (TMSN), and it’s not hard to see why. For those who are new, TMS Network (TMSN) aims to fuse cryptocurrencies with derivatives trading, providing a simple, secure, all-in-one trading platform where users can trade a range of asset classes, from stocks to futures and forex, all with crypto payments and no fiat currencies needed. There’s a lot to love about TMS Network (TMSN), and the presale success proves it.
TMS Network (TMSN) token holders have the ability to earn commissions based on trading volume across the platform; the bigger the TMS Network (TMSN) becomes, the more money TMS Network (TMSN) token holders can earn. Holders can also enjoy other benefits, and a lot of people have joined in with the presale rush for TMS Network (TMSN) tokens, with over $4 million raised and a staggering 2240% rise in price up to $0.05.
Litecoin (LTC)
TMS Network (TMSN) is holding one of the hottest presale events around right now, and has been utterly unaffected by the Trump news. Other, more established tokens, like Litecoin (LTC), haven’t been as lucky. Often seen as a simpler alternative to Bitcoin, Litecoin (LTC) was created back in 2011. While Litecoin (LTC) hasn’t been able to compete with Bitcoin in terms of value and popularity, it’s still regarded as one of the top altcoins out there.
However, times have been tough for Litecoin (LTC) in recent years. The price of Litecoin (LTC) has been falling from 2022 onward, and one of the issues with this coin is that it lacks innovative or exciting features when compared to other projects, like TMS Network (TMSN). This has led to a lack of interest and general market apathy towards Litecoin (LTC), and the price of Litecoin (LTC) may struggle to see any big increases in the months ahead.
Ethereum Classic (ETC)
The Trump indictment has seen a surge in the value of Trump-related NFTs. This has meant that many investors have left certain tokens behind, like Ethereum Classic (ETC), in order to get their piece of the NFT pie. But what is Ethereum Classic (ETC)? Well, Ethereum Classic (ETC) is a decentralized platform and cryptocurrency that gives developers the opportunity to both make and deploy smart contracts, just like regular Ethereum (ETH).
Ethereum Classic’s (ETC) value has been intrinsically linked to the value of ETH, and hopes have been high recently, as the upcoming Shanghai upgrade to Ethereum’s infrastructure could help Ethereum Classic (ETC) rise in price. However, with political turmoil linked to the latest Trump news, some experts are worried that coins like Ethereum Classic (ETC) might feel the heat and take a hit in the weeks and months to come.
Conclusion
It’s always important to stay aware and up-to-date on geopolitical affairs when investing in big-name crypto projects, like Ethereum Classic (ETC) and Litecoin (LTC). However, some projects manage to continue their surge unscathed by political news, and TMS Network (TMSN) is one of them. As the presale goes on and more money is invested in this token, there’s no telling how it can go.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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