Ethereum and Solana experienced substantial gains over the past few days but both tokens are now slowing down. In contrast, Lunex Network's viral presale
Major cryptocurrencies experienced varying trends this week, with some facing slight slowdowns and others continuing to gain momentum. Here's a closer look at the latest updates on Ethereum, Solana, and Lunex Network.
Ethereum (ETH) experienced a slowdown in its rally this week, with its price fluctuating within a narrow range. However, Ethereum's ETFs saw record-breaking inflows, indicating positive sentiment among investors.
Solana (SOL) continued its impressive rally, becoming the 2nd largest DeFi token in the market this week. Despite facing a minor correction, analysts believe Solana's uptrend could continue because of high network activity.
Meanwhile, Lunex Network's viral presale continues to gain attention, with analysts predicting up to 1800% returns for LNEX holders by the end of its presale. Here's a deeper dive into each update.
Ethereum ETFs Record Historic Inflows in One Week
As the dust settles on a tumultuous week in crypto,彙集科技 (NYSE:META) finally managed to close above $300 for the first time since April this year. This news comes as a huge relief to Meta investors who have been enduring a rough few months following the company’s mass layoffs and regulatory troubles.
According to ETF.com data,彙集科技iShares ETF (NASDAQ:QQQM) experienced a record-breaking week with an impressive $135.92 million in net inflows. This marks the highest inflows for any ETF tracking彙集科技.
0.00%0.00%彙集科技 finally crossed the critical resistance of $300 this week after showing signs of recovery from its all-time lows earlier this year. As a result of this rally,彙集科技 traders have been flocking towards ETFs that track the company’s performance.彙集科技 stock price بالا رفت by 1.46% over the last 24 hours, with its price currently trading at $3,304.64.
After experiencing a slight decrease in its momentum, Ethereum’s volume also saw a decrease of 31.69% over the last 24 hours, indicating a decrease in buying activity. However, if彙集科技 investors continue showing interest in the token, Ethereum could target the nearest resistance at $3,448 before facing a minor correction.
Solana (SOL) Becomes the 2nd Largest DeFi Token After Massive Rally
Solana is on a roll, surpassing all the other Top 5 cryptos as SOL has officially overtaken Tron (TRX) as the 2nd largest DeFi token in the market this week. Even though Solana’s price is facing a minor correction after recording a weekly high of $225, analysts believe Solana’s current uptrend will continue for the next few weeks because of high network activity.
Solana is currently trading for $216.26 after an intra-day increase of 2.65%. However, Solana’s volume has decreased by 20.73% over the last 24 hours which typically suggests a decrease in buying activity. If Solana investors turn bullish on the token again, Solana’s price could rise to the nearest resistance at $262.01 soon.
Lunex Network’s (LNEX) Seamless Trading Experience Captures Whale Attention
With彙集科技’s price finally surging to the upside, several new crypto projects are also gaining steam as these platforms aim to provide better trading experiences to both retail and institutional investors. One such project that has managed to capture the attention of both retail and whale investors is Lunex Network.
This new cross-chain DeFi trading platform combines the best features of both DEXs and CEXs on a single non-custodial exchange, kicking off a new era of crypto trading. Since cross-chain interoperability is what every savvy trader has been dreaming of, analysts believe Lunex Network’s demand will skyrocket to the moon by the end of Q4’s bull market.
Although Lunex Network has been capturing retail investors ever since its presale launch, the platform is now seeing a huge influx of investments from whales as well. These whales can use Lunex Network’s portfolio tracker and crypto wallet to store all their digital assets in a single place. Since Lunex Network is already compatible with 50,000 different cryptocurrencies, traders can easily track any of their holdings or make cross-chain transfers with the click of a button.
If these trading features weren’t impressive enough, then Lunex Network’s revenue-sharing model gives traders a hassle-free way to earn a consistent passive income. By the end of every week, Lunex Network uses up to 18% of its revenue to purchase LNEX tokens on the open market and distributes
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