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Ethereum ETFs See Huge Inflows As Filecoin and Lunex Network Rally

Bitcoinist
by Bitcoinist
Last Updated: December 8, 2024 5:00 pm
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Huge inflows into Ethereum ETFs are driving investor confidence. Meanwhile, Filecoin and Lunex Network are posting record rallies, each increasing rapidly. This surge reveals the growing interest in blockchain advancements and decentralized technologies. Lunex Network in particular is attracting attention with its simplified multichain DeFi approach and staking rewards, while Filecoin continues to develop as a leader in decentralized storage. Together, these trends show the crypto market’s exciting momentum.

Ethereum ETFs Surge as ETH Hits $4K and Eyes $15K by 2025

Ethereum ETFs are making waves, recording a massive $434.6 million in net inflows on December 5, 2024—their biggest single-day gain ever. This marks nine straight days of positive inflows, signaling growing confidence in Ethereum from institutional investors. Leading the charge is BlackRock’s Ethereum ETF (ETHA) which added 257,300 ETH worth $946.6 million to its holdings totaling 837,500 ETH ($3.27 billion).

Ethereum has also crossed $4,000 after an 8.2% weekly and 48% monthly gain. Crypto expert Venture Founder thinks Ethereum might snap out of a three-year consolidation pattern and reach $15,937 by May 2025 in case its trajectory continues. This growing momentum in Ethereum aligns with rising market optimism, as both ETFs and ETH price action set new milestones in the crypto space.

Filecoin Gains Momentum as Decentralized Storage Demand Soars

Filecoin is drawing attention with its decentralized storage demand and the rise of blockchain and Web3 technologies. With a $8.02 price, Filecoin allows users to lease out unneeded storage space in return for FIL tokens – creating a decentralized, censorship-resistant, and scalable data storage network.  

Recent collaborations, such as with the Filecoin Foundation and Blockfrost to enhance Cardano’s data decentralization, showcase its expanding ecosystem. This integration supports developers in building more secure and future-proof applications, further cementing Filecoin’s relevance.  

With increasing partnerships and its practical use case, Filecoin is well-positioned for growth. As even more businesses migrate to decentralized solutions, analysts predict Filecoin will be worth $20 or more by 2025. Filecoin is a contender for investors searching for altcoins with real utility and long-term potential.

Lunex Network: A Game-Changer for DeFi Investors

For investors seeking fast and reliable income from the DeFi market, participating in new crypto presales is often the best strategy. Lunex Network, a promising crypto startup, is turning small investments into massive gains during its presale.  

At the heart of its innovation is an easy-to-use mobile exchange app and a portfolio tracker that monitors over 50,000 crypto assets. These features appeal to traders, developers, and businesses, driving demand for the Lunex Network token.  

The $LNEX token serves as the network’s governance token, featuring deflationary tokenomics to encourage growth and protect against market volatility. Holders benefit from an 18% revenue-sharing model, earning profits from trading fees and premium Lunex Pro subscriptions. 

For advanced traders, Lunex Pro offers live analytics, customizable strategies, and lightning-fast execution speeds, ensuring precise trades with minimal slippage. High-volume traders and institutions gain a significant edge in volatile markets.

Lunex Network also supports developers with 65 RPC nodes for seamless dApp creation. These nodes deliver reliable, low-latency blockchain communication, ideal for building scalable applications. 

In Q4 alone, Lunex Network has raised over $4.6 million in its presale. At $0.0038 per $LNEX token, early investors have a chance to join a fast-rising DeFi project before its next price hike, setting the stage for future growth.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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