Lunex Network continues its rapid growth, attracting XRP (XRP) and Kaspa (KAS) investors to contribute to its recent $1M milestone. The fiat-to-crypto gateway within the platform made crypto trading simpler for users looking to switch between digital currency and fiat. As Lunex Network becomes popular, its user-friendly approach paired with innovative solutions has made it a promising DeFi player drawing the attention of major crypto communities.
Is XRP (XRP) On The Rise?
XRP has performed well in the past week, despite the altcoin not having a great start to the month. On October 11, XRP was trading around $0.5382. After days of stable trading, XRP gained momentum on October 15. This increase comes after XRP announced its partners for the RLUSD stablecoin that awaits regulatory approval.
October 17 saw XRP reach $0.5617 before settling at $0.5500 on October 18. This 2% weekly increase persisted as interest in the coin grew. In the last 24 hours, XRP’s trading volume increased by 111.22%. If this upward trend continues XRP’s price may rise further and many investors will get huge returns on XRP.
Kaspa (KAS) Sees Green For A Couple Of Days
Kaspa’s price currently ranges between $0.1234 and $0.1448, staying close to its 10-day moving average of $0.1265. The Relative Strength Index for Kaspa is roughly 50, suggesting neutral momentum. The nearest resistance level is at $0.1566, and in case the price breaks this, Kaspa could reach $0.1780, an increase of about 22%. Moreover, Kaspa’s nearest support level is $0.1138.
Kaspa (KAS) is gaining popularity due to its GHOSTDAG protocol. Unlike traditional blockchains, this protocol allows multiple blocks to exist at once, resulting in faster transaction speeds, limited only by internet speed. Kaspa aims to process 10 to 100 blocks per second, addressing the speed and scalability issues seen in older cryptocurrencies. Kaspa’s features, like easy upgrades, make it a standout project pushing the boundaries of blockchain technology.
Lunex Network’s (LNEX) Multi-chain Feature Stands Out
Lunex Network is a new DeFi protocol supporting over 50,000 cryptocurrencies on over 40 blockchains. This makes cross-chain transactions cheaper, easier, and quicker for traders. Users can trade instantly on Ethereum, Binance Smart Chain, Solana, TRON, and many more. This Multi-chain compatibility gives Lunex Network more flexibility than most decentralized exchanges.
Lunex Network also provides a merchant payment gateway for businesses to accept cryptocurrency payments. The gateway converts crypto into fiat on every transaction, making it easier for businesses wanting to move to crypto without extra work. Besides, Lunex Network encourages long-term holding by giving high staking rewards. With one of the highest APYs on the market, users can make as much as 18% passively.
One of the ways Lunex Network generates revenue is through merchant listings and transaction fees. It reinvests a large portion of this income to buy LNEX tokens from the open market. These tokens are then distributed as rewards to current holders, providing traders with a steady and risk-free source of income. Lunex Network tokens currently trade for $0.0017. With its advanced blockchain technology and a suite of trader tools, industry experts predict a 1800% growth in the $LNEX token value by the end of 2024.
Lunex Network is useful for traders as well as businesses and developers and is well-positioned for long-term success. Traders looking to ride the cryptocurrency wave may find Lunex Network a promising opportunity.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
