Surprising crypto enthusiasts who thought the altcoin was destined nowhere, TRON (TRX) has been generating higher highs and higher lows over the past year.
As TRON (TRX) continues to generate higher highs and higher lows, it is attracting the attention of many crypto enthusiasts who are now seeing profits in their portfolios. The altcoin has seen a remarkable 200% rise from $0.05, leaving many to wonder what other cryptocurrencies could be poised for a similar surge.
One cryptocurrency that is being closely watched by an analyst is Cardano (ADA). The altcoin has been consolidating within a key range for the past four months, and many are anticipating a breakout soon. Another cryptocurrency that is generating a lot of buzz is Lunex Network (LNEX). The new altcoin is currently in presale, and it has already managed to raise over $800,000 in revenue.
Crypto enthusiasts are often hesitant to invest in ICOs due to concerns about the quality of the projects. However, experts believe that Lunex Network is a standout project that could even generate higher ROIs than the Binance ICO, which yielded almost 400,000% gains for early investors.
Lunex Network is designed to make DeFi simple for beginners. It offers an easy-to-use platform that allows traders to carry out their DeFi transactions across more than 40 blockchains and over 50,000 cryptocurrencies. In addition to cross-chain compatibility, Lunex Network also provides anonymity by not requiring KYC checks or the need to link any third-party wallets.
Furthermore, Lunex Network operates on a revenue-sharing model, enabling token holders to earn passively from the platform’s weekly revenue. A portion of the revenue is also allocated to buying back the LNEX token from the open market, setting the stage for further price appreciation. Currently, each LNEX token is selling for only $0.0015 in stage 3 of the presale.
TRON (TRX) is also seeing continued growth, with over 10 million active users on a monthly basis. The network is becoming increasingly popular among investors due to its speedy and low-cost transactions. Both developers and other users appreciate TRON (TRX) for these capabilities.
One of the key factors that have contributed to the growth of the TRON blockchain is its scalability. The ability to handle a large volume of transactions has made it suitable for dApps. As blockchain technology continues to improve, TRON (TRX) is gaining prominence in the market due to its growing user base and the solutions it offers.
Moreover, TRON (TRX) is also making efforts to attract more developers. The network is quite convenient for building projects, with a variety of features that enhance the development of dApps.
In 2024 alone, the Cardano price has seen a significant drop of over 60% against Bitcoin, year-to-date. Amid this huge decline, rumors are circulating that Cardano’s (ADA) founder Charles Hoskinson sold a billion pieces of the Cardano token during the last bull market that caused the value of Cardano (ADA) to reach $3.
However, Charles Hoskinson denied those rumors stating that he did no such thing. Moreover, he mentioned in a tweet on X that the rumors of him selling a billion pieces of the Cardano token are just lies and that’s how the internet works now.
Meanwhile, Cardano (ADA) is still struggling to break out of the consolidation occurring between $0.47 and $0.30 for over 4 months now. Nevertheless, holders are optimistic that are bullish breakout will occur soon.
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