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Cryptocurrency News Articles

Trump's firm swaps $5M USDT for ETH, boosting altcoin momentum; Solana and Lunex Network poised for 2025 surge

Dec 14, 2024 at 06:11 pm

The positivity in the altcoin market has skyrocketed following Donald Trump's huge involvement with Ethereum (ETH). Recently, it was reported that its financial firm

Trump's firm swaps $5M USDT for ETH, boosting altcoin momentum; Solana and Lunex Network poised for 2025 surge

The involvement of former US President Donald Trump in cryptocurrencies has taken a new turn as his financial firm, World Liberty Financial, has swapped a large sum of Tether (USDT) for Ethereum (ETH), according to recent reports. This move has sparked optimism among crypto market analysts and investors alike.

The increasing attention on altcoins, such as Ethereum, Solana (SOL), and fast-rising presale stars like Lunex Network (LNEX), is setting the stage for a potential surge in their value by 2025.

Trump’s financial firm now holds over $55 million in Ethereum, which comprises more than 76% of the firm’s portfolio. This has led several analysts to predict higher price levels for Ethereum.

For example, CoinMamba, a seasoned futures trader and crypto investor, has hinted that the ETH coin is looking ready to hit the $5,000 price market with just a single candle. Investors’ confidence also grew after this speculation, with some even expecting ETH price to go past this price.

Another analyst predicts that Ethereum will hit $4,900 very soon before monumentally rising to $7,238 by latest Q1, 2025. As the price positivity for Ethereum brews, coupled with bullish technical indicators, the token’s recent 9% weekly pump above $3,900 has contributed largely to its optimism as a top crypto to buy.

Grayscale has filed for a spot SOL ETF, according to recent news from CoinMarketCap, which is boosting optimism for Solana (SOL) price.

Beyond this, Solana also maintains a lead of 5.56M active addresses even though its DeFi TLV ranking slipped to 3rd position after Tron surpassed it to become the second highest ranking DeFi protocol by TVL.

All of these have raised optimism for Solana as the token itself is reflecting approximately 5% pump in the past month. However, the native SOL price also hit an all-time high of $263 less than three weeks back. While Solana price is currently consolidating with a 3.3% decline in the past week, bullish predictions for the native SOL token are still brewing.

Popular analyst, Ali Martinez, particularly predicted that Solana price is primed to hit $4,000, referencing a particular cup and handle pattern, typically known to indicate a bullish price breakout. In view of this, investors are now filled with FOMO on Solana, as many resort to holding the coin while closely watching its trajectory.

Lunex Network, a DeFi project, is shaping up to be the next big thing in cross-chain transactions. The platform enables the rapid and secure swap of over 50K crypto assets across 40+ blockchain networks.

Meanwhile, users have complete control over their assets thanks to the non-custodial attribute, and they can do so without having to go through the trouble of KYC or using third-party applications like Trust Wallet.

Essentially, Lunex Network is a rewarding crypto to buy for both retail and institutional investors because it offers programs that include cashbacks on each transaction. Beyond this, the platform also shares the revenue it generates from its swapping services, offering 50% to its users with the other half reserved for exclusive rewards. Coupled with this, Lunex Network assists investors track their portfolio while offering market insights.

Given its unique model, Lunex Network has been able to garner over $5 million in its ICO stage with over 2.2 billion of its presale token supply sold already. Its native token, LNEX, has spiked by 260% to a current price of $0.0044, granting investors significant ROIs. However, market analysts are predicting over 500% presale pump by the end of the year and up to 50x spike on launch day, attracting more investor interest in its network.

The multi-faceted approach that Lunex Network is taking to redefine crypto exchange protocols is vast. Enabling business merchants and web3 developers to benefit from its decentralized protocol demonstrates its strong potential to lead market adoption in 2025. This could allow it to contend with top cryptocurrencies like ETH and SOL alongside other top altcoins.

News source:crypto.news

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Other articles published on Dec 15, 2024