Cryptocurrencies have recently become a popular way to invest. As a result, the crypto market has witnessed the rise of many more projects, each trying to fill a certain market gap or appeal to a specific group of people. With a vast sea of choices, picking the ideal project with the best returns becomes increasingly difficult. This article seeks to help in this regard. We will examine TMS Network (TMSN), Dogecoin (DOGE), and Ripple (XRP), three top projects for 2023, to see which one emerges as the top bull pick based on market value and performance.
Dogecoin (DOGE): No Real Use Cases 10 Years Later
Dogecoin (DOGE) is a meme coin cryptocurrency that was created in 2013. The cryptocurrency was created as a parody of a popular meme featuring a grinning Shiba Inu dog. Dogecoin (DOGE) has grown in popularity among both small and large investors, resulting in a huge increase in value. During the 2021 meme coin rally, Dogecoin (DOGE) increased by more than 10,000% and reached an all-time high of $0.74. However, Dogecoin (DOGE) has witnessed a more than 85% market retracement from its high and is now trading at $ 0.073386.
One of the main causes of this massive price decline is a lack of utility. Although Dogecoin (DOGE) was launched ten years ago, there have been no network modifications or upgrades targeted at attracting a more serious user base. The coin has remained a joke coin with no real use cases. This left Dogecoin (DOGE) vulnerable to whale pump and dump schemes. This occurs when a group of investors buys a token at a lower price, creating a manipulated momentum, and then sells at a higher price, dumping their tokens on smaller, unaware investors.
Ripple (XRP): XRP Vs The SEC
XRP is the native coin of Ripple, which was launched in 2011 by Jed McCaleb and Chris Larsen. XRP is based on the XRP Ledger (XRPL), a decentralized, open-source blockchain, and its transactions are enabled by the Ripple transaction protocol (RTXP). XRP has a total pre-mined supply of 100 billion tokens. The main aim of Ripple (XRP) was to establish a global payment settlement system and currency exchange network.
In 2020, Ripple was sued by the U.S. Securities and Exchange Commission for the unlawful sale of securities. According to the SEC, the company sold XRP tokens to investors without first registering them as a security. The ensuing legal struggle has had a significant impact on the price of XRP, which has seen very little positive price action. While most cryptocurrencies reached new highs in 2021, XRP did not. XRP’s future heavily relies on the outcome of this case.
TMS Network (TMSN): A Revolutionary DeFi Winner
TMS Network (TMSN) is an innovative cross-chain platform that seeks to redefine asset trading. TMS Network (TMSN) facilitates the trading of all derivatives using crypto payments in a fully decentralized environment. Simply put, TMS Network (TMSN) disrupts the traditional trading scene where users are limited to trading via fiat and forced to undergo lengthy processes to open a trading account in a centrally controlled platform.
TMS Network (TMSN) leverages blockchain’s distributed ledger technology (DLT) to eliminate third-party control and enable a faster, cheaper, and trustless trading experience. The TMS Network offers increased liquidity through its decentralized trading platform. With a large pool of assets, traders have access to wider markets, enabling quicker trades and better prices for increased profits.
TMS Network (TMSN) is currently running one of the most successful presale campaigns in 2023. So far, the campaign has raised over $5 Million and seen the TMSN token post a record-breaking growth of 2400%.Market experts predict this rally will continue, especially with the token’s listing on Uniswap in June. They forecast up to 100x returns for early investors.
Conclusion
From our analysis, TMS Network (TMSN) is the most promising investment in 2023. The new DeFi token has great utility provision and growth potential. While Dogecoin (DOGE) and Ripple (XRP) may rebound in the future, the year 2023 does not appear promising.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
