The post Bitcoin Cash and Ethereum Classic Disappoint Investors As Lunex Network Soars During the Bull Run appeared first on Coinpedia Fintech News
While Bitcoin Cash and Ethereum Classic have left investors frustrated with underwhelming performances during the ongoing crypto bull run, there has been a collective success for most altcoins. Lunex Network is stealing the spotlight with remarkable growth, outpacing Bitcoin Cash and Ethereum Classic. Offering cutting-edge features like non-custodial asset control, advanced staking options, and seamless interoperability, Lunex Network has emerged as a promising alternative.
Could Bitcoin Cash Hit $600 This Year?
Bitcoin Cash (BCH) is well-known as Bitcoin’s practical alternative. This altcoin places efficiency and usability above prestige. Bitcoin Cash is currently selling at $551, up 65% from last month. Bitcoin Cash is a decentralized payment method that attracts companies or users seeking to avoid the high charges of conventional payment systems.
Institutional inflows into crypto climbed to $3.13 billion this month, largely from Bitcoin ETFs. This influx has boosted Bitcoin Cash’s performance. Although Bitcoin Cash had difficulty breaking the $595 resistance level last week, its real-world utility continues to push it over the limit in the decentralized payment space. More businesses will likely begin accepting crypto-friendly payments, so Bitcoin Cash might continue its upward trajectory.
Ethereum Classic’s Price Grows By Over 100%
Ethereum Classic (ETC) has performed remarkably in Q4, with a 109% increase during the last month. The coin soared 14% in the last twenty-four hours largely because of more whale activity. Social media metrics for Ethereum Classic also reached a peak this year.
Ethereum Classic recently reached a six-month high of $36 but faces resistance at $37.38 & $39.78. The 20-day EMA crossing above the 50-day and 200-day EMAs indicates an upward trend might continue. Nevertheless, with the RSI at near 64, a short-term pullback is possible. Bitcoin’s price will be crucial, as Bitcoin’s bullish momentum might push ETC above $40. If Bitcoin slows, ETC might revert to $31-$32.
Though its reputation has fallen lately, Ethereum Classic is a safe investment choice. Ethereum leads the layer-1 blockchain space but Ethereum Classic can not compete directly. Nonetheless, Ethereum Classic still has potential and might provide a 2-5x return for brand-new investors.
How Lunex Network Revolutionizes User Experiences in Crypto Trading
Lunex Network (LNEX) connects various blockchains and offers a non-custodial exchange for immediate crypto swaps and transfers. Unlike many exchanges that require several KYC steps for token conversion and wallet transfers, Lunex Network enables users to trade in a single, fast, and anonymous way.
Lunex Network also allows users to build up portfolios of over 50,000 cryptocurrencies while keeping an eye on their investments via a non-custodial wallet The platform is well placed to benefit from the burgeoning DeFi sector which is anticipated to reach $337 billion by 2030.
With $LNEX tokens going for $0.0038 during the continuing presale, the time is right to invest. Early buyers of $LNEX at $0.0012 have reaped over 200% returns in profit. The Lunex Network presale has raised more than $4 million, a huge show of investors’ confidence. Experts project that $LNEX might surge 2000% before the presale ends as demand for the $LNEX token increases.
Lunex Network is a hidden gem in the world of crypto trading. Lunex Network (LNEX) is not just another DEX — the platform is the potential future of decentralized trading and is offering low fees, security, and privacy to traders worldwide.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork