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Breaking News: Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act
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Breaking News: Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act

Polkadot and Stellar See Huge Weekly Declines As Investors Buy This New Altcoin

Bitcoinist
by Bitcoinist
Last Updated: December 11, 2024 1:00 pm
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Polkadot (DOT) and Stellar (XLM) have seen steep weekly losses, indicating a rough patch for these once-promising cryptocurrencies. Polkadot’s price retracements and Steller’s continuing slide have investors searching for better opportunities. Amid this uncertainty, Lunex Network has captured market attention, offering innovative cross-chain trading features and impressive growth potential. In the crypto market today, Lunex Network is attracting the attention of investors searching for stability and high returns in a volatile market.

Polkadot’s Price Falls Back After Impressive November

Polkadot has been in the spotlight for its performance. Polkadot gained over 100% to a quarterly high of $11.5 and was among last month’s top performers. The Polkadot’s L-0 meta protocol also set a record with 60 million monthly transactions in November, sparking speculation about a potential all-time high.

Market predictions put Polkadot at $12.68 by December 15 with a rise of 25.52%. Polkadot 2.0 will be released in Q1 2025 to boost scalability and developer accessibility. With strong staking yields and stablecoin adoption surpassing $120 million, Polkadot is well-positioned to maintain its bullish momentum.

Polkadot’s growth is further driven by innovations like its JAM supercomputer, a decentralized system designed to revolutionize Web3 cloud computing. Analysts anticipate a retracement to $7.50 before a potential rally to $22.

Stellar’s Market Cap Soars By 400% After Franklin Templeton’s Investment

Stellar has made peer-to-peer payments worldwide because of its cross-border remittance system, a hallmark of contemporary financial management. Recently, the network gained a significant boost when Franklin Templeton announced plans to inject $1.7 trillion into Stellar. This development led to a remarkable 400% surge in Steller’s market cap, reaching $15 billion.  

Analysts predict that Stellar could challenge the dollar soon, with its current price at $0.4616. A bullish EMA crossover and Fibonacci extension targets signal further upside potential, with resistance at $0.93. Stellar’s Momentum Indicator also reflects strong bullish pressure, leading experts to believe the price could rise to $0.9651 and possibly $1.5132.

Why Lunex Network Could Outpace Traditional Crypto Exchanges

Lunex Network eliminates the need for KYC validation and offers seamless trading without requiring third-party wallet connections like MetaMask or Trust Wallet. Unlike conventional DEXs such as Uniswap and PancakeSwap, it prioritizes user anonymity and perfect cross-chain functionality. This makes Lunex Network an ideal choice for casual traders and high-volume investors seeking a secure and private trading environment.

The platform provides access to over 50,000 coins across 40+ blockchains with instant connectivity to more than 65 RPC nodes. Lunex Network’s emphasis on security and privacy is matched by ultra-low fees and institutional-level liquidity, creating one of the industry’s most competitive transaction cost structures. Lunex Network’s innovative multi-chain design enables traders to explore a vast range of assets while maintaining cost efficiency.

At the current token price of $0.0038, significantly lower than the projected launch price of $0.0216, investors have a unique opportunity to participate in the $LNEX presale. Early buyers who purchased at $0.0012 have already achieved a 217% return on investment. 

Lunex Network combines security, privacy, and minimal transaction fees, positioning itself to outperform Polkadot and Stellar despite their bullish momentum. With almost 50% of presale tokens sold and early investors enjoying substantial gains, Lunex Network continues to generate excitement in the market.

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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