Ripple suffers as Toon Finance outperforms
Despite having a much lower market cap, the meme coin Toon Finance Token TFT has outperformed Ripple XRP in 2022. This is due to several factors such as the low circulating supply of TFT, its use of Binance Smart Chain (BSC), and the viral status that memes have acquired on social media worldwide.
With this platform, users are able to do multiple things that XRP simply cannot match. Trading, Bridging and P2E are just a few things that Toon Finance offers.
Meme coin Toon Finance Coin was created to blast centralized financial institutions but outperforms XRP nonetheless
The team behind this project is also highly experienced and knowledgeable in the world of cryptocurrency. Toon finance team members are high ranking members of finance and crypto and have been tired of seeing the same problems with centralization over and over again causing instability in the whole market all the time.
With their years of experience, they are able to bring more value to users than XRP can offer as XRP is too focused on a single goal while also unable to fight against centralization and instead being dependent on it.
Since cryptocurrency is decentralized by nature, the TFT team is willing to create a blockchain that removes all constraints of centralization and gives users the power they deserve. The token’s low supply and high demand has contributed to its popularity, with a market cap of only 1 billion compared to Ripple’s 39 billion.
This shows that even a meme coin can outperform XRP significantly. Toon Finance’s native token TFT has long since practically doubled, becoming the number one searched ICO in just a couple of weeks after announcement we saw the FTX collapse.
Lawsuit against Ripple Labs
Ripple Labs XRP is currently being sued by the SEC due to it being classified as a security. Thus, investors are hesitant to invest in XRP, especially after this lawsuit news. However, no such fears are applicable to Toon Finance’s token TFT as it is structured and regulated in a way that it cannot be misconstrued as a security unlike XRP which has caused great problems with initial investors who have been waiting for price appreciation since 2014.
All in all, meme coin Toon Finance Token TFT has outperformed Ripple XRP significantly throughout the year 2022 and is likely to continue to remain ahead given its user-friendly platform, experienced team, and low circulating supply. Furthermore, it does not have any legal issues associated with it which will be impossible since it is extremely decentralized which means no one even knows which laws apply to it since no one has jurisdiction.
This is one of the main reasons why Toon Finance has been able to outperform XRP in 2022 as investors are confident in their platform and know that this is just the start. Just like Ethereum, Toon Finance will also be able to do much more as its development continues in the coming years.
It is expected that by 2023, Toon Finance will have further established itself as a leader in the cryptocurrency world and its native TFT token will continue to rise even further.
Toon Finance takes the (CAKE) as rumors are spread that PancakeSwap may be the face behind Toon Finance
Pancake Swap is a decentralized exchange (DEX) and an automated market maker protocol based on the Binance Smart Chain. It has gained immense popularity over the past few months due to its low fees, high liquidity, and ease of use.
However, before its launch, most people did not even know what it was or how it worked. Similarly, Toon Finance is in a similar position but unlike Pancake Swap, it has learned from others in the industry since it is newer.
There are even talks that Toon Finance was made by the team behind Pancake Swap, so investing in it now is like investing in Pancake Swap before its launch.
The team at Toon Finance has created a unique platform that not only offers a low circulating supply and high demand but also ensures complete decentralization and user control. This makes the TFT token the top ICO choice according to market experts.
XRP had poor performance this 2022 and with the SEC lawsuit against Ripple Labs, it is not expected to recover anytime soon. The uncertainty surrounding XRP’s legal status has made investors hesitant about investing in it.
In contrast, Toon Finance has had a much more successful run this 2022. Thanks to a responsive team, inviting community and decentralized platform, its native TFT token’s price continues to rise. Given its low circulating supply and decentralization. It is one of the best options for investors looking to make money in 2022 and beyond.
Toon Finance is a platform, Ripple XRP is a service
Toon Finance offers Toon Swap, a decentralized exchange, while Ripple XRP is a service. While Ripple XRP relies on the US government’s regulations to stay afloat and is subject to litigation, Toon Finance operates without any external control or influence.
Moreover, Toon Finance has its own token, TFT, which can be used to facilitate transactions on the network and trade with other coins. While XRP can also be used for trade, it is undeniable that it has likely reached its peak and there’s barely any reason to hold it compared to other tokens.
At this point there isn’t much reason to hold on to XRP when it comes to investing in cryptocurrency. The meme coin Toon Finance is outperforming XRP without any help from Elon Musk or other high-profile investors, and its low circulating supply makes its price less volatile than other coins.
The combination of decentralization, user control and the team’s smart moves makes it a great choice for investors looking to start with cryptocurrency.
That being said, there is still hope for XRP in case it wins the lawsuit against it, that would mean that old investors can start selling at a higher price for a while before demand hits rock bottom for XRP.
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