Solana whales are looking at Lunex Network as Ethereum fails to impress. The shift comes as Ethereum’s performance disappointed many investors and propelled them to search for new possibilities in emerging blockchain projects. Lunex Network is generating interest for its unique take on cross-chain transactions and high-potential returns. As Ethereum investors’ confidence dips, Lunex Network is fast becoming a favorite for traders looking to capitalize on the growing crypto space.
NYSE Seeks SEC Approval for Grayscale’s Solana ETF
The New York Stock Exchange (NYSE) applied to the SEC to transform Grayscale’s Solana Trust into an ETF. This is much like what it did with its Bitcoin ETF and mirrors investor desire for altcoin ETFs.
Grayscale Solana ETF provides institutional investors with a secure, regulated way to purchase Solana (SOL) through a spot ETF on a national exchange. In case it gets approved, Solana would join Ethereum and Bitcoin as cryptocurrencies that have legal funding options in the U.S. Solana jumped almost 5% to $233 following the announcement and has since ranged from $230 to $250.
Ethereum Foundation Invests $12.8 Million in Ecosystem Growth as ETH Holds Steady at $3,700
The Ethereum Foundation invested $12.848 million in Q3 2024 to develop its ecosystem, including projects to enhance Ethereum’s infrastructure, tools, and worldwide footprint. This funding supports initiatives including the Blockchain Summer Bootcamp by the Africa Blockchain Institute and also the BlockHack Hackathon by the Kerala Blockchain Academy in India which promote education and social participation.
Ethereum holds steady at $3,700 and optimism is high for a likely $4,000 high. Analyst Incomesharks notes Ethereum’s daily support levels holding strong, with a downside threshold at $3,200. Analyst Ali Martinez sets mid-term and long-term price targets for Ethereum at $6,000 and $10,000, respectively.
Lunex Network Launches Multi-Chain Platform with Advanced Trading Tools and Institutional Solutions
Lunex Network (LNEX) is introducing a multi-chain platform for quicker and cheaper swaps across major blockchains including Ethereum and Solana. The platform’s integration with these blockchains makes certain that users from casual investors to experienced traders can enjoy low-cost trading.
A highlight of Lunex Network is Lunex Pro, a premium subscription service that gives users access to superior trading tools, real-time industry information, and market analysis. This particular feature is intended for both novices searching for guidance and professionals seeking advanced charting and in-depth insights to optimize their strategies.
For institutional investors, Lunex Network also provides a B2B payment gateway where businesses can accept cryptocurrency payments and immediately change those payments into fiat currency. This facilitates smoother, quicker transactions for companies embracing crypto in their operations.
Lunex Network is also supporting the Web3 ecosystem with over 65 free RPC nodes, providing developers with reliable, scalable infrastructure. This makes Lunex Network appealing to companies and blockchain developers looking for fast, low-cost solutions to back their Web3 initiatives.
Furthermore, Lunex Network pays $LNEX token holders up to 18% APY for locking their tokens in the platform and this is a tempting incentive for all those looking to take advantage of the emerging decentralized finance (DeFi) space. Lunex Network is a good investment opportunity for institutional and retail investors with its price presently at $0.0038 per $LNEX token.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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