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Kriptoteka > Market > Altcoins > Ripple and Bitcoin Face Competition from Explosive Low-Cap Altcoins
Altcoins

Ripple and Bitcoin Face Competition from Explosive Low-Cap Altcoins

marcel.mihalic@gmail.com
Last updated: October 15, 2024 3:50 pm
By marcel.mihalic@gmail.com 4 Min Read
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Ripple and Bitcoin may have dominated the spotlight for investors in the past, but they are rapidly losing traction amid market fluctuations. Intelligent traders are now gravitating towards Lunex Network’s impressive presale, which has already secured 800,000 USDT in a remarkably short time!

Ongoing Ripple vs. SEC Dispute

Ripple’s popularity has plummeted significantly since the US Securities and Exchange Commission (SEC) opted to appeal the court ruling that favored Ripple. In this climate of uncertainty, even Ripple’s recent ETF filings for the XRP token have not managed to capture investor interest.

Currently, Ripple is priced at $0.5336 following a slight intraday increase of 0.44%. Its trading volume has surged by 34.41% in the past 24 hours, indicating a profit-taking mentality amongst short-term holders. Should the selling pressure escalate further, Ripple’s price might drop to the $0.4305 support level in the weeks ahead.

Signs of Weakness in Bitcoin (BTC)

Bitcoin has not experienced any notable gains in light of recent liquidity trends, leaving investors eager for a significant rally soon. Nonetheless, analysts anticipate that Bitcoin might decline further before entering a bullish phase. Given Bitcoin’s recent failure to break the $64,000 resistance level, its price trajectory is expected to remain bearish for the upcoming weeks.

Bitcoin is trading at $60,451.18 after an intraday decrease of 2.87%. While Bitcoin’s volume has risen by 11.56% over the last 24 hours, this is likely a result of some short holders liquidating their Bitcoin positions. This ongoing sell-off is expected to persist until Bitcoin can surpass the 100-day Simple Moving Average at $61,045, a breakthrough that seems unlikely in the near future.

Lunex Network (LNEX) Poised to Surpass Top 10 Cryptos in Q4

Many investors from Ripple and Bitcoin are shifting their focus to Lunex Network’s trending presale, and there are compelling reasons for this. Rather than focusing on a specific crypto sector, Lunex Network is unveiling an innovative DeFi exchange anticipated to disrupt the entire DEX and CEX market, which already exceeds $275 trillion in daily volume. Capturing just 1% of this market could result in profits exceeding those of both Ripple and Bitcoin combined!

Analysts believe Lunex Network has 100x potential thanks to its unique cross-chain trading capabilities. While conventional DEXs limit traders to a single blockchain, Lunex Network’s interoperability allows users to swap more than 50,000 crypto pairs across various blockchains.

Powered by smart contracts, Lunex Network employs a sophisticated aggregation protocol that sources liquidity from multiple channels. This strategy ensures that each trade benefits from the fastest transaction speeds and lowest costs by distributing trades across different networks.

Having already raised 800,000 USDT in its presale, early investors in Lunex Network stand to receive an exclusive Lunex card. This black card is reserved for VIP tier presale investors, granting them the ability to conduct swift crypto-to-fiat transactions and promoting Lunex Network’s real-world usage.

Currently in the third stage of its presale, Lunex Network has less than 25% of its tokens remaining for sale. In light of this considerable demand, analysts expect a remarkable 1800% increase in LNEX’s price before the presale concludes.

For more information on Lunex Network (LNEX), visit:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork


Post Views: 271

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