Financial leaders have recognized the vital role of interoperability in the future of institutional blockchain adoption. HSBC, ANZ, and SBI Digital Markets have highlighted the impact the CCIP from Chainlink has over capital markets. This move comes when the price of Chainlink continues to record an impressive monthly surge of over 25% as Litecoin surges by over 17% after trading in a prolonged consolidation phase.
Moreover, Lunex Network is quickly becoming a rapidly growing crypto project, having recorded an over 158% price surge. Its cross-chain transaction portfolio tracker, low-cost transaction fee, and unique staking rewards have made the project stand out while gaining attention in the DeFi space.
Offering traders access to over 50,000 assets across more than 40 blockchains, all within a single platform, Lunex Network is quickly becoming a prominent participant within the DeFi market. With such a broad functionality, users can quickly exchange, stake, or store their digital assets at an affordable cost.
Whether you are an experienced or newbie trader, Lunex Network’s innovative features and affordable solutions make it the go-to platform. The Lunex Network is also unique owing to its creative profit-sharing scheme, where a portion of the weekly revenue is used to buy back LNEX tokens from the open market and redistribute them to token holders.
With such capabilities, Lunex Network has attracted major investors, leading to a significant price surge. The LNEX native utility token is currently priced at $0.0031, representing an over 158% surge from its starting price of just $0.0012. Moreover, the project has also raised over $2.9M in presale revenue, showcasing its impressive growth.
The recent uptick in Chainlink’s whale purchases has led to speculations regarding LINK’s potential surge. In just two months, large holders have acquired more than 15M LINK tokens worth around $165M, according to a post by crypto analyst Ali.
Whale activity can easily affect market trends, as big buys lead to bullish trends. After Chainlink experienced a rise in accumulation, the LINK price performance recorded a surge to trade between the $12 and $14 region. Technical analysis for Chainlink suggests that the price will likely continue within its bullish momentum.
Moreover, the Chainlink price has broken past the 50- and 100-day SMA, confirming the presence of a surging trend. Such levels could also act as support for further gains, with the LINK price trading above them, signaling further stabilization of the token. The Awesome Oscillator also indicates an uptrend momentum, having recorded gains for the past month.
Having traded in a prolonged consolidation phase, Litecoin (LTC) has finally broken out of a significant three-year dipping trend. This breakout is notable as it indicates that Litecoin could enter a new bullish wave, supported by both the broader market sentiment and its technical indicators.
Litecoin’s key resistance levels are the $100 and $125 mark, and a breakout past these levels could open the path towards the $150 region or even higher. The weekly RSI is also trending above 65, suggesting favorable momentum and that Litecoin is not yet overbought. This metric also supports the idea of sustained buying interest, as the RSI usually reflects the strength and duration of a trend.
In the short term, the price of Litecoin could target the $100 and $125 range, with a more bullish scenario targeting higher levels around the $150 mark. However, a pullback could lead to the price of LTC retesting the $70 and $80 region.
As Q4 continues to see many cryptos record impressive gains, these three altcoins, led by Lunex Network, have stood out as the top gainers. These tokens offer a higher ROI potential for any investor looking to cash in good profits by the end of the year.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
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