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

Litecoin Hits a Two Year High, What Does This Mean for Solana and Lunex Network?

Bitcoinist
by Bitcoinist
Last Updated: December 8, 2024 1:02 pm
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Litecoin (LTC) has been a hot asset to watch in 2024. Despite a slow start, it experienced a major spike in March, and another in the last month as the year closes out. The asset has shown growth of 10% in the last 5 days, indicating a positive price outlook going into 2025. Solana on the other hand has been criticised for its levels of inflation, but has seen a strong 280% gain over the last 12 months. 

Meanwhile, another key player has entered the DeFi arena: Lunex Network ($LNEX). This revolutionary protocol packs a punch, blending all the things investors could possibly want from a trading platform: low fees, interoperability, and some juicy perks for traders. It is currently gaining attention from investors, businesses, and developers alike, for its broad utility offering. So how will Litecoin (LTC) and Lunex Network ($LNEX) fare in the next quarter? 

Solana (SOL) Tokenomics Questioned By Holders

Solana (SOL) still holds a sizable share of the industry market cap, landing in fifth place on the leaderboards. However, some Solana (SOL) enthusiasts are questioning the network’s tokenomics. The token has dipped in the last 24 hours and some are wondering whether this is a result of inflation within the Solana ecosystem. While many networks engage in a rigid schedule of token burns and halving events, Solana is now being criticised for its inflation, which sits at 5% most years. Despite this, some holders remain confident that Solana (SOL) will continue to rise due to its strong blockchain fundamentals. 

Litecoin Boosts Compatibility With Hardware Wallets

Litecoin rose 65% from its original value this month and hit a notable two year high. The positive change in Litecoin’s price was likely due to various technological updates meant to improve Litecoin’s functions and user experience. Litecoin Core v0.21.3 added partially Signed Bitcoin transactions (PSBTs) standardizing in-process transactions for Litecoin (LTC) users. This addon makes Litecoin more compatible with hardware wallets and allows more secure and efficient transaction processing, strengthening the network. 

Lunex Network Offers Revenue Sharing Model 

Lunex Network ($LNEX) is emerging as a top choice for investors with its innovative features and practical DeFi solutions. One of its standout offerings is a merchant payment gateway, enabling businesses to accept cryptocurrencies with ease. Transactions automatically convert to fiat, removing barriers for enterprises looking to integrate crypto without additional technical challenges.

Lunex Pro, the platform’s premium service, is tailored for professional traders, providing advanced tools like real-time market analytics and customizable charting. These features help users refine their strategies and optimize performance, delivering a robust trading experience that sets Lunex apart in the DeFi ecosystem.

As privacy becomes a central focus for traders amid increasing privacy concerns in the modern age, Lunex Network ($LNEX) does away with the usual need for third-party wallet connections. The protocol also takes a bold approach to KYC, omitting the usual requirements that exist on exchanges. This approach lowers the risk of data exposure and is therefore attractive to high net worth individuals and public figures who value discretion in their crypto dealings. 

Why Investors Are Backing Lunex Network 

Currently priced at just $0.0038, Lunex Network ($LNEX) is drawing strong interest from investors and developers. With its advanced trading tools, low fees, and broad utility, analysts predict an extraordinary 2000% increase in value pre-launch.

For forward-thinking investors seeking high returns, Lunex Network ($LNEX) is shaping up to be a standout opportunity. 

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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