Everyone knows that cryptocurrency prices are volatile. They can appreciate sharply within a short period, only to crash almost as fast. However, an extended price chart spanning weeks, months, or even years can tell the true status of any crypto asset.
Having said that, a critical look at Tezos price over the last few months tells the story of a struggling project. It’s the same thing when you zoom out of Litecoin’s price chart. Many top crypto tokens are indeed struggling. This article explains why.
Tezos price sinks lower
Tezos has had a decent year in terms of developments. In Q1 2024, 97,000 unique addresses interacted with games on the Tezos blockchain, which was a 557% increase when compared with Q1 2023. The surge was primarily driven by Coin Blast, one of the most active social gaming platforms on Tezos.
In spite of this achievement, Tezos price has struggled greatly in recent times. Currently, it is 20% down YTD. Since May, Tezos had shed significant portions of its value, as the crypto market became less bullish and price corrections set in.
Only time will tell if Tezos will recover and mount a rally. Given its recent price performance, crypto analysts believe Tezos could struggle to regain its former price levels anytime soon.
Litecoin struggles to gain traction
Today, several crypto hedge funds hold Litecoin in their portfolios. The interest from institutional investors somewhat upheld Litecoin, but the coin is no longer the stalwart it once was.
Litecoin’s dimmed status probably is reflected in its price woes of late. On the yearly price chart Litecoin is in the red zone, which is quite disappointing given that the year was generally bullish for crypto assets and Litecoin was supposed to assume Bitcoin’s price trajectory. No one can point to the main reason Litecoin performed poorly but its dwindling popularity could be a factor.
Nevertheless, Litecoin can still recover from its setbacks. Even though it is not as popular as before, Litecoin is still a top crypto project with a market cap of $5 billion strong.
Does Lunex Network offer any hope?
Since top altcoins like Litecoin and Tezos are struggling, crypto investors are yearning for a new crypto asset with huge potential. Several experts believe Lunex Network can fill this void. But what is Lunex Network and what does it do?
Lunex Network is a Web3 crypto exchange that takes DeFi trading to the next level. It is easy to use and non-custodial, which reduces security vulnerabilities. Furthermore, Lunex Network provides access to over 50,000 trading pairs across 40 different blockchain networks. It also offers staking rewards, giving its users a steady stream of passive income.
Crypto experts are especially enamored by Lunex’s staking rewards, which not only give back to its community but also maintain the token’s value in the short and long term. This project is currently in presale and is available for $0.002. It is a suitable alternative to Litecoin and Tezos and has the potential to fetch early investors a handsome profit in the coming months.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
