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Cryptocurrency News Articles

Canary Capital Files for Litecoin (LTC) and Hedera (HBAR) ETFs, Lunex Network (LNEX) Raises Over $7.2M with Cross-Chain Trading Features

Feb 22, 2025 at 04:13 pm

Canary Capital has filed for Litecoin and Hedera ETFs, triggering a massive surge in demand for both tokens. Meanwhile, Lunex Network is experiencing

Canary Capital Files for Litecoin (LTC) and Hedera (HBAR) ETFs, Lunex Network (LNEX) Raises Over $7.2M with Cross-Chain Trading Features

As talks about an ETF approval shift the market sentiment, Litecoin (LTC) is presenting a breakout entry opportunity. Canary Capital has already amended its S1 filing for a Litecoin ETF, which is fueling the ongoing bullish trend.

In the past two weeks, more than 4.68 million LTC have been purchased by a whale wallet. Meanwhile, Litecoin is trading at $129 after an intraday decline of 5%.

Strong buy signals are emerging on Litecoin’s daily chart, with analysts predicting that the token’s price will reach the $233 resistance by the end of Q1.

Hedera's (HBAR) price has been on a consistent uptrend over the past few days.

Just like Litecoin, Hedera’s rebound is being fueled by Canary Capital’s filing for a Hedera ETF. Since there are strong chances of these ETFs being approved under Paul Atkin’s chairmanship, Hedera could potentially overtake Ethereum as the more cost-effective solution in 2025.

Hedera is currently trading at $0.21 after an intraday surge of 4.2%. Hedera’s volume has also increased by 6% during the last 24 hours which suggests increased market participation and higher investor confidence.

If buyer dominance persists, Hedera’s price could rally toward the $0.50 level.

Lunex Network (LNEX) is experiencing a huge influx of capital during its ongoing presale, thanks to its cross-chain trading capabilities.

Powered by the latest Web3 technology, Lunex Network aims to connect the entire crypto ecosystem. The platform facilitates cross-chain transfers while eliminating the inefficiencies of both DEXs and CEXs.

Users can seamlessly trade over 50,000 token pairs across forty different blockchain networks on Lunex Network’s completely decentralized platform.

The platform gives users complete control over their digital assets with a fully audited smart contract that processes every trade. Lunex Network also boasts tight spreads, 0% slippage, and fast execution.

With these impressive features, Lunex Network has already raised nearly $7.2 million, and analysts are expecting even bigger gains before the end of Q1.

To attract long-term investors, Lunex Network is offering massive staking rewards during the presale. The platform has already sold out more than 2.52 billion tokens.

LNEX tokens are currently selling for only $0.007 each, and market experts are predicting another price jump during the upcoming week because of Lunex Network’s high demand.

Since LNEX has a limited supply, now is the ideal time to invest in the future of crypto trading before Lunex Network becomes a viral 100x project later this year.

Disclaimer:info@kdj.com

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Other articles published on Feb 23, 2025