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Cryptocurrency News Articles
Lunex Network (LNEX) Attracts XRP (XRP) and Kaspa (KAS) Investors to Contribute to Its Recent $1M Milestone
Oct 22, 2024 at 04:00 pm
The fiat-to-crypto gateway within the platform made crypto trading simpler for users looking to switch between digital currency and fiat.
Despite a rocky start to October, XRP (XRP) showed signs of recovery in the past week, garnering attention from investors. XRP price rose by 2% during this period, thanks to an impressive 111.22% increase in trading volume over the last 24 hours. This bodes well for XRP, indicating a possible price increase in the coming days.
Meanwhile, Kaspa (KAS) price remained within a narrow range, hovering close to its 10-day moving average of $0.1265. With a Relative Strength Index of around 50, Kaspa price faced resistance at $0.1566, which, if breached, could propel the coin to reach $0.1780, notching an increase of about 22%. Kaspa price also encountered support at $0.1138.
This new cryptocurrency is gaining steam because of its GHOSTDAG protocol. Unlike traditional blockchains, this protocol allows multiple blocks to exist simultaneously, leading to faster transaction speeds that are only limited by internet speed. Kaspa aims to handle 10 to 100 blocks per second, addressing the speed and scalability issues of older cryptocurrencies. Kaspa's features, including easy upgrades, position it as a standout project pushing the boundaries of blockchain technology.
Highlighting the recent developments in the decentralized finance (DeFi) space, Lunex Network (LNEX) (LNEX) stood out with its multi-chain feature, catering to a vast array of cryptocurrencies and blockchains. This network boasts support for over 50,000 cryptocurrencies across more than 40 blockchains.
As a multi-chain protocol, Lunex Network enables cheaper, faster, and easier cross-chain transactions for traders looking to switch between digital currency and fiat. Users can trade instantly on networks like Ethereum, Binance Smart Chain, Solana, TRON, and many others. This multi-chain compatibility gives Lunex Network an edge over most decentralized exchanges.
Additionally, Lunex Network offers a merchant payment gateway for businesses to accept cryptocurrency payments. This gateway converts crypto into fiat on every transaction, making it easier for businesses wanting to move to crypto without extra work. Furthermore, Lunex Network encourages long-term holding by giving high staking rewards. With one of the highest APYs on the market, users can make as much as 18% passively.
One way that Lunex Network generates revenue is through merchant listings and transaction fees. A large portion of this income is used to buy LNEX tokens from the open market. These tokens are then given to current holders as a reward, giving traders a steady and risk-free source of income. At the moment, Lunex Network tokens are trading for $0.0017. Thanks to its advanced blockchain technology and a range of trader tools, industry experts are predicting a 1800% increase in the $LNEX token value by the end of 2024.
This makes Lunex Network a promising option for traders, businesses, and developers alike, setting the stage for long-term success. If you're a trader looking to capitalize on the cryptocurrency wave, Lunex Network might be on your radar.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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