Market Stalwarts Litecoin (LTC) and Solana (SOL) started 2023 with a solid bullish trend, making appreciable gains in the first six weeks of the new year. With prices now recovering as the quarter draws to a close, investors are drawn to the higher earning potential of TMS Network (TMSN), a decentralized exchange ready to grow exponentially.
Litecoin (LTC) – An Underwhelming Start to the Year
Litecoin (LTC) has an intriguing feature that sets it apart from other cryptocurrencies: its unique mining algorithm, Scrypt. Scrypt was deliberately chosen to address the growing centralization of mining power in the Bitcoin network.
While Bitcoin uses the SHA-256 algorithm, which favors specialized and expensive hardware like ASIC miners, Scrypt is designed to be more memory-intensive, making Litecoin (LTC) less susceptible to ASIC mining dominance. This choice aimed to level the playing field for miners, enabling a broader range of participants and promoting decentralization. Consequently, Litecoin (LTC) mining has been more accessible to individual miners, hobbyists, and smaller-scale operations.
Litecoin (LTC) ’s Scrypt mining algorithm is an essential distinguishing feature that showcases the cryptocurrency’s commitment to promoting a more decentralized and inclusive mining landscape, setting it apart from other prominent digital currencies.
Litecoin (LTC) started 2023 with a bang, gaining 47% since 1 January, but slumped back to the current year-to-date figure of only 17%. The outlook for Litecoin (LTC) in 2023 is cautiously bullish, but there may be better investments.
Solana (SOL) – Great Growth, but Can It Be Sustained?
Solana (SOL), a high-performance blockchain platform, differentiates itself with its innovative Proof of History (PoH) consensus algorithm. PoH, developed by Solana (SOL) ’s founder Anatoly Yakovenko, is a novel method for encoding the passage of time within a decentralized network.
Unlike traditional blockchain systems that rely on Proof of Work (PoW) or Proof of Stake (PoS) mechanisms, Solana (SOL)’s PoH utilizes a cryptographic technique called Verifiable Delay Functions (VDFs) to generate a unique timestamp for each transaction. This allows Solana (SOL) to process transactions in parallel, significantly improving transaction throughput and reducing confirmation times.
By leveraging PoH as a time-keeping mechanism, Solana (SOL) can achieve impressive transaction speeds of up to 65,000 transactions per second, making it one of the fastest blockchain networks in the industry.
Unlike Litecoin (LTC), Solana (SOL) has more than doubled in value since New Year’s day, making it a prime investment. But traders fear Solana (SOL) may have had its run and will now settle, and thus are looking at other projects to drive profits.
TMS Network (TMSN) – ICO Has Investors Betting On High Yields
‘Buy low and sell high’ is a mantra every investor knows, and ‘buying low’ is never as low as ICOs, where an asset can be bought at what could be its lowest price ever. New decentralized crypto and derivatives exchange TMS Network (TMSN), is offering such an opportunity to investors.
TMS Network (TMSN) is set up to be a best-of-show trading platform aimed at the newbie and seasoned traders alike. With an array of trading tools to automate trading, make arbitrage calls, and strategy planners, TMS Network (TMSN) is more than just a trading platform; it’s a complete investors toolkit.
Built on Ethereum, TMS Network (TMSN) is fully decentralized, with TMS Network (TMSN) token holders the owners of the network. As a result, TMS Network (TMSN) token holders can vote on governance issues and will share in the global revenue generated through trading.
All this makes for a promising platform that can dominate the market, and smart money can get in early during the second presale phase. TMS Network (TMSN) already sold out $500k’s worth of tokens in its first phase; second-phase coins are now available at $0.038
For more information, follow the links below.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Source: https://www.cryptopolitan.com/crypto-expert-forecasts-for-2023-look-at-litecoin-ltc-solana-sol-and-tms-network-tmsn/