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Cryptocurrency News Articles
Lunex Network (LNEX) Could Revolutionize Cross-Chain Transactions as Shiba Inu (SHIB) and Litecoin (LTC) Experience Mixed Fortunes
Nov 17, 2024 at 03:13 pm
Although both of these projects will most likely experience significant gains as the bull run ramps up, they could be outclassed by low-cap gems with bigger growth potential.
Shiba Inu (SHIB) and Litecoin (LTC) have both experienced significant price movements in recent times. While both cryptocurrencies are positioned for gains as the bull run intensifies, they could be outshone by low-cap gems with higher growth potential.
Shiba Inu’s Run Continues To Gain Momentum
Shiba Inu has now recorded a 33.5% surge in monthly gains. Currently, the price of SHIB is resting around the $0.000024 mark. This surge has pushed Shiba Inu’s market capitalization to $14.5 billion, sparking a heated battle with Tron for the tenth place in the crypto rankings.
The resistance at $0.000027 is a critical level that Shiba Inu needs to reclaim quickly to maintain its bullish trajectory.
Shiba Inu Price Chart - Key Resistance in Sight
Shib's Run Has Just Commenced, Could It Hit $0.0001 Soon?
Shiba Inu now boasts 33.5% in monthly gains and the price of SHIB is currently settling around $0.000024. This surge has propelled Shiba Inu’s market cap to $14.5 billion which, in turn, started a fierce battle with Tron for the tenth place on the crypto rankings. The $0.000027 resistance represents a crucial level that Shiba Inu must reclaim as soon as possible to continue on its bullish trajectory.
Technical indicators suggest overall healthy price action, with Shibburn, Shiba Inu’s burn mechanism, firing on all cylinders. Over the last 24 hours the burn rate has increased by a whopping 1,837%, with over 463 million Shiba Inu tokens removed from circulation.
Litecoin’s Price Action Underwhelms Despite Partnership News
After ranging around the $70 price point for several months, Litecoin attempted a breakout and briefly touched the $81 resistance. However, profit-taking set in at this juncture, leading to a pullback that brought Litecoin down to $74.
Currently, Litecoin is down by 3.4% for the day and volume has decreased by 30%. In the last 24 hours, about $976 million worth of LTC was traded on exchanges.
Litecoin Price Chart - Awaiting Fresh Impetus
Meanwhile, Litecoin has partnered with Cointud to bring Wrapped Litecoin (wLTC) to the Ethereum blockchain. This upgrade will expand Litecoin’s use cases, enabling holders to utilize Ethereum’s DeFi functionalities, such as staking and lending.
This integration could provide the necessary push for Litecoin to finally spark renewed investor interest and propel the cryptocurrency to greater heights.
Lunex Network: A Cross-Chain Powerhouse Set For Gains
Lunex is a next-generation DeFi protocol designed to enhance interoperability and scalability across disparate blockchains.
The platform features a Web3 aggregated ecosystem that allows users to seamlessly transact across major blockchains like Tron, Solana, and Ethereum. By utilizing cutting-edge smart contracts instead of the outdated Automated Market Makers (AMMs), Lunex Network ensures greater transparency and optimal rates.
Lunex Network also offers a unique DeFi wallet that supports over 40 blockchains, a portfolio tracker for efficient asset management with built-in data feeds, and the subscription service Lunex Pro. This premium tier grants access to advanced tools for a next-level trading experience, as well as other perks like cashback and AML wallet checks.
For businesses, Lunex Network provides a B2B payment gateway API. This interoperable bridge is tailored to the needs of enterprises that wish to integrate a cryptocurrency option for their clients. With this solution, businesses can receive crypto payments and automatically convert them into fiat.
One of Lunex Network’s most compelling features is its revenue-sharing model. Each week, the exchange will use a portion of its revenue to buy back LNEX tokens from the open market. A portion of these tokens will then be redistributed as recurring staking rewards, for up to 18% APY. This system encourages long-term holding and rewards user activity within the ecosystem.
Currently, the presale of LNEX tokens has raised over $2.2 million and tokens are selling for only $0.0026. This presents an excellent entry point for early adopters who wish to capitalize on the DeFi revival spearheaded by Lunex Network. Taking action today could lead to impressive returns when the bull market is in full swing. Don’t miss out on this opportunity!
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com Socials: https://linktr.ee/lunexnetwork
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article
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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