Ripple XRP investors are bracing for potential price fluctuations as the SEC appeal deadline approaches. On the other hand, growing concerns about Caspa’s soaring TVL are impacting holders.
A new non-custodial platform called Lunex Network is also gaining attention for its unique features and potential for growth in the DeFi space. Let’s take a closer look at these altcoins.
Ripple (XRP) could reach $1 by December
Ripple XRP price rose dramatically after news of a possible SEC appeal circulated on X and other social media platforms.
On September 28, 2024, XRP was trading at $0.5878. XRP price increase started at $0.6072 and crossed $0.6401. This surge can be attributed to several factors, including Ripple’s recent partnership with India to facilitate oil purchases from Saudi Arabia, potentially opening up a $500 billion market. Moreover, Turkey’s second largest bank now accepts XRP, further increasing investor interest in XRP.
However, this sentiment did not last long and the main factor behind the XRP price decline is the potential attraction of the SEC. The deadline for this appeal is October 6th. If the SEC moves forward with the appeal, it could change the current price trajectory of XRP. Some investors are concerned that any changes to existing court rulings could lead to a sharp decline in the price of XRP. Still, barring an appeal, analysts predict that XRP could rise above $1 by December 2024.
Kaspa (KAS) TVL Spike Worry Holder
Caspa’s recent surge in Total Value Locked (TVL) has caused concern among holders due to increased volatility. After significant events such as a large Binance live session that attracted the attention of the network, Caspa’s trading volume increased four times, causing an increase in short-term trader activity.
This change creates potential instability as many long-term Kaspa holders consider liquidating their positions. Although key indicators such as Kaspa’s market valuation remain strong, this sudden influx of speculative activity could create short-term uncertainty, with some Kaspa holders concerned about a possible price correction. are.
Lunex Network (LNEX) is poised to dominate the crypto trading scene
Lunex Network (LNEX) is becoming increasingly popular among traders and developers looking for a more comprehensive trading platform. Lunex Network features a completely non-custodial system, allowing users to easily exchange over 50,000 assets while maintaining full control of their assets. Transactions on Lunex Network are completed quickly with very low fees.
Some of Lunex Network’s main focuses are privacy and security. There are no Know Your Customer (KYC) requirements and users do not need to link a third-party wallet, making it a good option for users concerned about anonymity. Lunex also offers anti-money laundering (AML) address checks to prevent traders from accidentally engaging in illegal activity, which has worried many high-profile investors.
Lunex Network is a simple and secure platform for cryptocurrency exchanges that offers high profits with a revenue sharing model. Lunex Network generates revenue from transaction fees, subscription services, node leases, and more. A portion of these profits will be used to buy back $LNEX tokens and reward users who stake and hold them. This strategy helps increase the value of the token and incentivizes investors to maintain their holdings of the token.
Currently, the price of the second presale stage of $LNEX is $0.0013. With only 4 billion tokens available, analysts expect the price to rise significantly. According to predictions, $LNEX could grow by 1,800% by the end of the pre-sale, making it an ideal time for investors to buy the token for a hefty profit at launch.
Learn more about Lunex Network ($LNEX) here.
Website: https://lunexnetwork.com
Social: https://linktr.ee/lunexnetwork
This is a sponsored article. The opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before acting on the information presented in this article.
