As the US presidential election is drawing nearer, the market is battling uncertainty. Many cryptocurrencies are experiencing significant disruption, others have reclaimed key levels and are consolidating, gearing up for the next upward impulse.
To hedge against the increasing turbulence, many Solana (SOL) and Ripple (XRP) investors are rotating funds into Lunex Network, a promising project with untapped potential that could change DeFi. Let’s find out more.
Solana Surpasses Ethereum In Transaction Fees, What’s Next?
On October 28, for the first time ever, Solana (SOL) outpaced the second-largest cryptocurrency by raking in $2.54 million in transaction fees, vastly outshining Ethereum’s $2.0.7 million. Over the last week, Solana’s price surged above $180, but this is where many short-term investors started taking profit, forcing Solana to retrace.
At press time, Solana is selling for $167 with a 1.9% intraday decrease and a 22% rise in volume, with over $3.29 billion worth of SOL traded in the last 24 hours. Meanwhile, whales continue to accumulate Solana. On-chain data shows that 202,400 SOL tokens were purchased by large wallets for a cumulative value of $35 million.
Ripple Is Still Rangebound
Between its ongoing legal battle with the SEC and important technical upgrades, Ripple (XRP) has been at the center of attention for months. When it comes to Ripple, however, bullish and bearish news seems to nullify each other, resulting in the price of XRP hovering around the same $0.50 level for most of 2024. Right now, Ripple is priced at $0.51 with a 1.6% daily increase.
Meanwhile, a Spot XRP ETF could soon become a reality. 21 Shares is the latest company to join the Ripple ETF frenzy and file for approval which could flip Ripple’s rangebound trend.
Lunex Network: Next-Gen DeFi For All
Lunex Network DeFi protocol that allows for quick and cheap transactions between individual blockchains. These include Bitcoin, Ethereum and Solana. Investors can seamlessly swap between more than 50,000 different assets while earning generous rewards via Lunex’s revenue-sharing model.
As a decentralized exchange, one of Lunex Network’s focuses is to safeguard the privacy of its users. For this reason, no KYC is needed to interact with the platform, investors can simply request the currency pair, input a receiving address, and hit confirm.
Lunex will also offer a non-custodial wallet that supports more than 40 different blockchains, and a portfolio tracker for optimal wealth management across a wide variety of assets, including stocks, bonds, NFTs, and crypto.
For those who want to take their trading to the next level, Lunex Protocol offers a premium subscription service. With Lunex Pro users will have access to advanced trading tools and exclusive features such as cashback on every transaction AML wallet address checks.
One of the most attractive aspects of Lunext Network is its passive income mechanism. Users who stake the $LNEX token and earn up to 18% APY, entirely sustained by the exchange’s weekly earnings.
The fifth stage of the Lunex presale is underway and $LNEX sells for just $0.0019. Early buyers are already enjoying 58% gains, but another 18x surge is expected by the end of the presale. However, once $LNEX hits the markets, this is where the big price multipliers will start! Don’t miss out!
For more on Lunex Network and its cashback offer, visit
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
Source link
