Bitcoin is rallying forward as the U.S. election approaches. The increased interest in Bitcoin demonstrates its growing appeal, and some analysts expect further gains. Meanwhile, Toncoin faces challenges after recent market downturns, raising questions about its stability within the top 10 cryptocurrencies. Emerging competitors like Lunex Network could intensify the pressure, potentially threatening Toncoin’s standing. Investors are watching closely to see if Toncoin can recover or if Lunex Network will disrupt its position.
Could Bitcoin (BTC) Set A New ATH Price In November?
Bitcoin hit an all-time high of approximately $73,750 on March 14, 2024, due to a frenetic investor response to the SEC approving a Bitcoin ETF on Jan 11. This fall, Bitcoin is moving upwards partially because Donald Trump might win the U.S. presidential election on November 6. During a cryptocurrency conference in Nashville in July, Trump expressed support for the crypto industry, encouraging optimism among investors that his victory could push Bitcoin prices to $100,000 or more. A Standard Chartered analyst predicts that Bitcoin could rise to $125,000 if Trump wins.
Toncoin’s (TON) Updates Set To Upgrade The Network
The Open Network (TON) team recently rolled out major updates to address security issues in its blockchain. The new versions, v2024.10 and FunC 0.4.5 aim to boost the network’s performance, reliability, and overall efficiency. These improvements have renewed interest in Toncoin, with market participants anticipating a possible price increase to $20.
Despite a recent 5% price dip and a 12% decline on the monthly chart, these updates bring hope for the token’s future. With rising interest and enhanced security measures, Toncoin may be poised for a stable upward trend in the near term. These technical improvements in Toncoin’s ecosystem could positively influence Toncoin’s market performance, making it a key focus for market watchers.
Lunex Network (LNEX) Combines The Benefits Of CEXs & DEXs
Crypto exchanges are classified into central exchanges (CEX) or decentralized exchanges (DEX), with each having advantages and disadvantages. Traders often switch between platforms, which is slow, expensive, and inconvenient. Lunex Network addresses this issue with its hybrid CEX/DEX platform, combining CEX benefits with DEX advantages.
Lunex Network provides over 50,000 trading pairs for cross-chain trading, robust liquidity pools, and zero-fee transactions to maximize trader profits. The platform simplifies DeFi, enabling beginners to join while supporting professional-grade tools.
Investors who keep $LNEX for at least 30 days can earn up to 18% APY, allowing their staking portfolio to grow without lowering the initial APY rate. Through its revenue-sharing structure, Lunex Network uses part of its revenue to buy back $LNEX tokens, which are then redistributed to stakers or burnt to reduce the supply of $LNEX tokens. Additionally, merchant and token listing fees will be payable in $LNEX, reducing supply and supporting price stability. $LNEX holders also enjoy transaction fee discounts and access to advanced features such as liquidity mining and node leasing.
This innovative approach has attracted significant interest. Thousands of investors have invested nearly $1.5 million in the Lunex Network presale. Analysts see Lunex Network as a major player in crypto, with predictions suggesting it could achieve 100x growth or more.
Early investors are in a strong position, as Lunex Network is still in its fifth presale phase. $LNEX tokens are currently available at $0.0019, providing a promising entry point for new investors.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
