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Cryptocurrency News Articles

Bitcoin (BTC) Dips Amid Major Sell-Offs, Ondo (ONDO) Rallies Following BounceBit Collaboration, Lunex Network ($LNEX) Draws Significant Attention

Dec 12, 2024 at 03:00 pm

Major Bitcoin sell-offs have recently triggered fluctuations in other assets in the space. This has influenced Ondo (ONDO) positively as the asset rallies

Bitcoin (BTC) Dips Amid Major Sell-Offs, Ondo (ONDO) Rallies Following BounceBit Collaboration, Lunex Network ($LNEX) Draws Significant Attention

Major Bitcoin sell-offs have recently triggered fluctuations in other assets in the space. This has influenced Ondo (ONDO) positively as the asset rallies amid a key collaboration with BounceBit. Meanwhile, Lunex Network ($LNEX) brings a fresh set of eyes to the problems of traders, promising to address them with low fees, high levels of interoperability, and powerful trader perks. So how will these three fare in 2025?

Bitcoin (BTC) Value Dips Amid Major Sell-Offs

Being the number one cryptocurrency by market cap, Bitcoin (BTC) is closely linked with the broader crypto space. In short, when Bitcoin’s value changes, broader trends often follow. Recent Bitcoin (BTC) sell-offs came as Bitcoin (BTC) crossed the all-important $100,000 mark. Bitcoin is now down 2.5% in the last 24 hours and 2% in the last week, causing uncertainty among many traders in the crypto space who will be watching closely.

On the technical front, Bitcoin (BTC) has seen several improvements to Bitkey, a self-custody hardware wallet which allows Bitcoin (BTC) users to store Bitcoin independently of third parties.

Ondo (ONDO) Rallies Following BounceBit Collaboration

Ondo (ONDO) has seen an 84% increase over the last month as the asset rallies following Ondo’s new collaboration with BounceBit’s CeDeFI V2 platform. This saw the introduction of real world assets into BounceBit’s ecosystem, boosting Ondo’s utility and attracting investor attention. Ondo’s (ONDO) annual growth has been even stronger, with an 841% increase across the last 12 months. Ondo’s partnership with the Sui network further spurred Ondo’s growth as it solidified its position as a serious contender in DeFi.

Lunex Network Delivers Lucrative Revenue-Sharing for Traders

Lunex Network ($LNEX) takes a comprehensive approach to DeFi with a wide array of features and advantages. At its foundation, the protocol emphasizes competitive pricing, seamless interoperability, and robust security for users.

Designed for investors, traders, and businesses alike, Lunex Network stands out with its efficient merchant payment gateway. This key feature enables businesses to easily accept cryptocurrency payments, converting funds into fiat currency once transactions are complete. This streamlined process simplifies crypto adoption for merchants, boosting the platform’s overall utility and driving further adoption, which in turn increases the value of Lunex Network ($LNEX).

Developers seeking a reliable infrastructure for decentralized applications are also drawn to Lunex Network’s ($LNEX) architecture. With 65 RPC nodes available, developers can achieve fast data transfers and smooth interactions between dApps and the blockchain. This setup ensures low latency and high efficiency for straightforward and high-performing dApp development.

Another standout aspect of Lunex Network ($LNEX) is its appealing revenue-sharing mechanism. Native token holders can earn an impressive 18 APY, thanks to the platform's profits. This steady stream of passive income not only adds long-term value for investors but also creates a sustainable ecosystem where users directly benefit from Lunex's growth.

With a total capped supply of 8 billion $LNEX tokens, the platform introduces a deflationary dynamic as adoption increases, rewarding long-term holders with potential token value appreciation.

Lunex Network Draws Significant Attention

Lunex Network ($LNEX) is gaining substantial momentum, with tokens available for just $0.0044 at the present time. Leading analysts are anticipating a remarkable 1800% surge in value by the time of the full launch, thanks to Lunex Network’s advanced trading technology and user-centric benefits. For investors seeking high-growth opportunities, this protocol presents an unmissable chance to capitalize on significant potential gains.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

News source:coinedition.com

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Other articles published on Dec 12, 2024