Litecoin has been the biggest loser in the past few days

Cryptocurrency traders are still grappling with the fallout from last week’s big news. After the fall of Bitcoin and Ethereum last week, Litecoin was the biggest loser with a loss of over -8.1% in just three days.

XRP crypto attorney John Deaton explained his arguments and position on what he intends to do regarding the disagreement between the project and the SEC after the allegations and the lawsuit in 2020.

TMS Networks (TMSN) an all-inclusive launch event is promised towards the end of the day, and the funding round is in full swing. Let’s take another look at these events.

Litecoin is falling more than the market average

The market has undergone a significant correction in the last few days. All this comes after a significant Bitcoin pump that raised it from a low of $15,393 to a high of $25,272 in just two months. That’s a 39% increase, and the altcoin market has responded accordingly with a rally similar to the one seen in late 2021.

However, over the past few weeks, the market has undergone a sharp correction, with Litecoin taking the biggest hit over the past few days. It has fallen an impressive 8.1% from $98 to $90 since March 1. All this comes at a time when the market is just starting to regain hope after underperforming in 2022.

John Deaton on the XRP dispute with the SEC

In 2020, the Securities and Exchange Commission (SEC) initiated legal action against Ripple. The authority argued that Ripple did not adequately document XRP as a security or did not fully inform investors about its activities, thereby misleading them in their investments.

Crypto attorney John Deaton recently took the bold step of representing XRP holders in their ongoing battle with the SEC. After Ripple’s General Counsel, Stuart Alderoty, gave a speech about various scenarios if Ripple loses to the SEC, Deaton shed light on what it could mean for XRP holders and developers.

According to Deaton, Ripple can appeal and take the case to the Supreme Court regardless if they lose, allowing them to continue providing money transfer services and selling XRP while the case is pending.

Unfortunately, if Ripple loses this verdict, other categories of users will probably not be so lucky. Therefore, Deaton believes it is important to clarify the status of the secondary sale of XRP to these users.

The TMS Network (TMSN) begins: What you need to know

TMS Network (TMSN) present in the pre-sale phase of the launch. The token is currently trading at $0.029 and yes on one 20% bonus for investors for a limited time. In the first stage, many experienced investors eagerly received the soft limit, and project financing is currently over $2.8 million lies. The token is scheduled to launch on Uniswap in the first weeks of June 2023.

TMS Network (TMSN) offers traders an innovative decentralized blockchain platform that makes it extremely easy to trade on multiple exchanges without creating individual login accounts and going through separate verification processes. This allows users to connect their wallets and execute orders instantly – without giving up the security of their assets.

The network rewards its TMSN token holders with commissions based on their trading volume through the platform. Also, deposit holders have access to different asset classes; you can trade cryptocurrencies or dive into derivatives trading like stocks, forex and CFDs. TMS Network is a true pioneer in the new age of crypto and derivatives trading.

Last updated on March 8, 2023

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