As the SEC appeal deadline approaches, Ripple XRP investors prepare for potential price movements. Meanwhile, rising concerns over Kaspa’s TVL spike are affecting holders.
A new non-custodial platform called Lunex Network is also garnering attention for its unique features and growth potential in the DeFi space. Let’s find out more about these altcoins.
Ripple (XRP) Could Hit $1 By December
Ripple XRP’s price has surged dramatically following the circulation of the news on the possibility of an SEC appeal on X and other social media platforms.
On September 28, 2024, XRP was trading at $0.5878. XRP’s price rally opened at $0.6072 and has climbed above $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 unlocking a $500 billion market. Additionally, Turkey’s second-largest bank is now accepting XRP, and thus further boosting investors’ interest in XRP.
However this sentiment was short lived, the primary driver of XRP’s price Dip is the SEC’s potential appeal. The deadline for this appeal is October 6. If the SEC proceeds with its appeal, it could alter XRP’s current price trajectory. Some investors worry that any changes to the existing court ruling might lead to a sharp decline in XRP’s price. Nevertheless, if there is no appeal, analysts predict XRP could rise above $1 by December 2024.
Kaspa (KAS) TVL Spike Worries Holders
Kaspa’s recent surge in Total Value Locked (TVL) has triggered concerns among holders due to rising volatility. Following key events like a major Binance Live session that drew attention to the network, Kaspa’s trading volume increased fourfold, sparking heightened activity from short-term traders.
This shift has introduced potential instability as many Kaspa long-term holders consider liquidating positions. Although key metrics like Kaspa’s market valuation remain solid, this sudden influx of speculative activity could create short-term uncertainty, leaving some Kaspa holders worried about potential price corrections.
Lunex Network (LNEX) Ready To Dominate The Crypto Trading Scene
Lunex Network (LNEX) is gaining popularity among traders and developers who are looking for a more comprehensive trading platform. Lunex Network features a fully non-custodial system, allowing users complete control over their assets while allowing them to exchange over 50,000 assets with ease. Transactions on Lunex Network are completed at high speed with very low fees.
Some of Lunex Network’s main focuses are privacy and security. No know-your-customer (KYC) requirements are required and users do not have to link third-party wallets, which makes 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 activities, which worries many big-name investors.
Lunex Network is a simple and secure platform for crypto exchanges that pays a high return on its revenue-sharing model. Lunex Network earns from trading fees, subscription services, node leasing, among other sources. A part of these profits is used to buy back $LNEX tokens and reward users who stake and hold them. This strategy helps increase the token’s value, motivating investors to keep their holdings.
Currently, $LNEX is priced at $0.0013 in its second presale stage. With only 4 billion tokens available, analysts expect significant price rallies. Predictions indicate that $LNEX could grow by 1,800% before the presale ends, making it an ideal time for investors to purchase the token for substantial returns upon launch.
You can find more information about Lunex Network ($LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
