Investors have pumped TMS Network’s (TMSN) presale overwhelmingly. The market value of TMS Network (TMSN) has increased by 1200% in the first month of its presale launch. On the other hand, Litecoin (LTC) and Dogecoin (DOGE) have been reeling under market pressure.
Litecoin (LTC) Dips Despite Development Activities
Litecoin (LTC) has undertaken several developmental activities in the past few months. The hash rate of the Litecoin (LTC) network had also witnessed a rise in previous weeks. But these developments have not been able to attract investors and push the price of Litecoin (LTC) up. The halving event of Litecoin (LTC), which is slated for this year, and has created hype around the project, has also failed to sustain the network’s growth. The price of Litecoin (LTC) has dropped by 6% in the last seven days. Besides, Litecoin (LTC) has fallen by more than 12% on the monthly growth chart. Consequently, Litecoin (LTC) is currently changing hands at $82.12, which is 80% below its all-time high of $412.96.
Dogecoin (DOGE) Fears Whale Sell-offs
Recent data suggests that 45.33% of the total Dogecoin (DOGE) supply is under the control of whales. Only 35.31% of the total Dogecoin (DOGE) tokens are held by retail traders. It has made some crypto experts concerned about the token. According to analysts, such a large holding with whales can also cause a steep decline in the value of Dogecoin (DOGE) if a massive sell-off takes place amid the ongoing market crisis. Besides, the launch of Shibarium by Shiba Inu, the arch-rival of Dogecoin (DOGE), has challenged the market position of the latter. The price of Dogecoin (DOGE) has declined by 1% in the last seven days. Moreover, Dogecoin (DOGE) has plummeted by 12% in the past month. Currently, Dogecoin (DOGE) changes hands at $0.0761, which is 90% below its peak of $0.74.
TMS Network’s (TMSN) Initial Coin Offering Gets Oversubscribed
Presale: https://presale.tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/tmsnetwork_io
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