Ethereum whales are showing increased confidence in the token’s future gains but Litecoin’s rally has come to an end after a steep intra-day decline. Meanwhile, Lunex Network is emerging as the biggest gainer during Q4’s bull market by raising over $1.1 million in presale.
Ethereum Whales Hold $50 Billion ETH in Hopes of Future Gains
Ethereum’s accumulation wallets have seen a massive 65% jump since the start of 2024 due to increased investor confidence. Market experts are also predicting that the number of Ethereum tokens in accumulation wallets will exceed 20 million by the end of the year. Since Ethereum is no longer limited to tech enthusiasts, analysts believe Ethereum’s spot ETFs are likely to trigger more surges in the upcoming weeks.
Ethereum’s price is currently trading for $2,667.54 after an intra-day decrease of 1.73%. Ethereum’s volume has increased by 93.90% over the last 24 hours which could be suggesting a rise in network activity. However, the Ethereum ETH price chart is currently flashing sell signals as the token’s CCI and Momentum Indicator have both entered bearish zones. If Ethereum experiences a correction, the token’s price could fall to the $2,257.72 support soon.
Litecoin (LTC) Records $4 Billion Transactions in 24 Hours
Litecoin recently experienced a massive increase in its 24-hour transaction volume which surged to a new high of $4 billion. This uptick comes after Litecoin managed to attract institutional investors after its recent spot-ETF application. Since Litecoin’s founder is positive about the ETF approval, analysts expect Litecoin’s upswing to continue.
Litecoin is currently trading for $71.56 after an intra-day decrease of 4.78%. Litecoin’s volume has increased by 33.54% over the last 24 hours which typically indicates growing investor interest. Since Litecoin is still trading above its key Simple Moving Averages on the LTC/USDT daily chart, Litecoin’s price could test the nearest $72.35 resistance in the upcoming days.
Lunex Network (LNEX) Enters Presale Stage 4 with Skyrocketing Demand
Lunex Network has just entered the fourth stage of its presale this week, LNEX tokens are still selling out at rapid speed. By raising more than $1.1 million already, Lunex Network has proven its potential to become the next 100x token by 2025. If these bullish predictions are proven true, analysts expect Lunex Network’s price to surge by 1800% before the token’s official launch.
The reason why Lunex Network is now stealing investors from Litecoin is the platform’s new DeFi exchange that enables multi-chain trading. Instead of only allowing users to trade tokens that operate on the same blockchain network, Lunex Network offers cross-chain interoperability through smart contracts on its ecosystem. Not only can traders swap any two tokens across different blockchains, but they can do so at minimal costs and lightning-fast speeds.
Since top-tier security is a prerequisite for crypto trading, Lunex Network removes the need for automated market makers by using smart contracts that provide complete transparency on every trade. To make things even better, security-conscious traders can enjoy Lunex Network’s no-KYC policy that allows new users to sign up without providing any private information.
As Lunex Network simplifies the entire trading process, the platform also offers a portfolio tracker and non-custodial wallet to every trader. This means traders can store, stake, or swap their tokens, ETFs, bonds, and stocks in one place without having to worry about unsafe third-party wallets.
Even with these unique features and skyrocketing demand, Lunex Network’s native LNEX token is still selling for a low price of only $0.0017. As more traders accumulate LNEX, analysts are projecting a massive 100x rally for Lunex Network on launch day.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
