As the cryptocurrency sector remains volatile, experts debate if Bitcoin Cash (BCH) might survive a possible Bitcoin crash while Ethereum's (ETH) upcoming price projections remain a subject of discussion. Regardless of these uncertainties, a new player, Lunex Network, has caught investors' attention as its ICO has raised expectations. With momentum building, the Lunex Network’s ICO is expected to cross $1 million within days as investors flock to the project.
Bitcoin Cash (BCH) Looks to Build on Bitcoin's Surge
Bitcoin Cash is surfing the same wave as Bitcoin and trying to break above its current $362. While Bitcoin Cash has seen over 50% growth in 2024, recent weeks have only brought a modest 12% increase.
Analysts point to the U.S. presidential debate as a turning point for Bitcoin Cash, with a shift in polling toward Republicans—who are perceived as crypto-friendly—boosting inflows from U.S. investors. Although a potential Bitcoin crash could hurt Bitcoin Cash, many holders believe Bitcoin’s long-term performance could help Bitcoin Cash stay resilient during bearish periods.
Network Congestion and Rivals Challenge Ethereum’s Market Position
Ethereum has been trending downward in the last 7 months, under relentless pressure from rival cryptocurrencies. Having a value of $2,607.87, Ethereum’s value is 47% less than its all-time high of $4,891.70. Increased transaction fees and network congestion have caused some traders to seek alternatives to more scalable and less costly blockchains, further threatening Ethereum's price stability.
This particular decline is also driven by wider market issues, including macroeconomic problems, regulatory uncertainties, and increased competition from "Ethereum Killers." Despite these hurdles, Ethereum still rules the NFT and decentralized app (DApp) space. Experts believe that the Ethereum 2.0 Phase 1 update should reduce holders' concerns about higher costs and scalability. They remain optimistic, expecting a rally to $4,800 by 2025.
How Lunex Network Simplifies Staking and Lending
Lunex Network (LNEX), a new DeFi network, is set to offer traders a non-custodial exchange with cross-chain crypto trading features. Lunex Network lets users keep control of their private keys and assets — an appealing feature for security-conscious traders following the FTX scandal and worries about centralized exchanges.
The platform is designed for both ease of use and privacy, eliminating the need for KYC verifications. This allows users to trade without providing personal identification, which appeals to those who prioritize anonymity and a streamlined onboarding process.
Lunex Network also stands out for its innovative Enclave Technology, which offers backup solutions like iCloud integration to ensure the safety and accessibility of assets. This feature gives users added confidence, enabling secure and worry-free trading. Another key component is the Lunex DeFi Wallet, which leverages machine learning and AI to optimize processes such as staking, lending, and borrowing, simplifying the overall DeFi experience.
The $LNEX native token has garnered significant attention, offering various perks for holders. The platform plans to use a portion of its revenue to buy back and redistribute $LNEX tokens to stakers. Currently priced at $0.0015 during its Stage 3 presale, analysts are predicting that Lunex Network could see a 100x growth by 2025, with the potential for an 1800% surge in Q4.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
