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Ripple and Cardano gain traction post-BTC rally, but Lunex Network emerges as whales’ multi-chain favorite.
Ripple (XRP) and Cardano (ADA) have recently seen growing popularity within the crypto sector following the BTC rally. However, a new contender is gaining momentum amongst whale investors—Lunex Network (LNEX). With its multi-chain bridge along with smart contract-powered AMMs, Lunex Network provides interaction across over forty blockchain networks and it is set to redefine decentralized trading.
XRP surges past $1, fuelled by regulatory developments and whale activity
XRP has soared past $1 and surpassed a three-year high of $1.268 on positive regulatory news and increased activity from whale investors. This surge took XRP to sixth place by market capitalization, surpassing Dogecoin. The over 85% price increase during the last week is mostly due to the legal fight between Ripple and the SEC, along with new challenges to the SEC’s authority signifying a far more favorable regulatory environment.
Whale and shark wallets with 1 million to 100 million XRP have amassed another 453.3 million XRP, worth $526.3 million, boosting the bullish momentum. As XRP continues its upward trend, possible resistance levels are $1.50 and $2, and $1 remains a crucial support level should a cost rebound occur.
Cardano sees 35% surge, poised for further growth despite potential pullback
Cardano gained 7.51% in 24 hours and 35% in the previous week to reach twenty-six billion in market capitalization. Despite this fast increase, Cardano remains well below its March highs of $27 billion and still has room to grow.
Cardano’s price climbed from $0.32 to $0.83 with a crucial resistance at $0.79. If Cardano can break above this level and maintain support around $0.74, it could see another wave of growth, potentially revisiting its March peak. However, many analysts anticipate a pullback for Cardano before the next big rally.
Lunex Network’s explosive growth driven by cross-chain trading and staking rewards
Lunex Network‘s fast growth is attributed to its cross-chain trading features and staking rewards. The platform enables traders to control over 50,000 crypto assets and perform safe, liquidity trading without any slippage. This robust infrastructure makes Lunex Network a top choice for experienced investors seeking reliability and control.
Investing in Lunex Network’s presale grants exclusive access to its noncustodial DeFi exchange upon launch. Every transaction is encrypted on Ethereum’s immutable blockchain and executed via smart contracts, ensuring traders retain full control of their assets.
Additionally, Lunex Network shares up to 18% of its weekly revenue with LNEX token holders through staking rewards. Half of this revenue is used to buy back LNEX tokens, which are burnt, deflating the token and possibly pushing its value higher.
With the presale fetching over $2.6 million along with a 120% price increase recently, analysts anticipate a 1,800% return by the end of 2024. The LNEX presale price reached a brand new high of $0.0026 and ongoing high purchasing activity indicates additional price spikes in the near term.
For more information, visit the Lunex Network official website and join the online community for the latest updates.
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