2 weeks Ago
Towards the end of November, Ethereum Exchange Traded Funds (ETFs) saw a historic inflow of $332 million, while Bitcoin ETFs only saw $320 million. This is the first time Ethereum would outdo Bitcoin in this area, and it shows that other tokens, apart from Bitcoin, are hitting new levels of adoption. At the same time, Solana, a direct competitor with Ethereum, is breaking old records, while Lunex Network is shaking things up in the crypto exchanges niche.
Read on to find out if these coins will reach new highs as the crypto market keeps marching on. Offering DeFi traders the best of both CEX and DEX Lunex is a hybrid crypto exchange that offers traders the enviable features of centralized and decentralized exchanges without the ills that often accompany them. Unlike CEX, Lunex is non-custodial in nature.
This gives traders full control over their wallet private keys and minimizes risks and security vulnerabilities. At the same time, Lunex Network offers DeFi traders access to as many as 50,000 trading pairs, a concept that is alien to centralized exchanges. At the same time, Lunex’s interoperability is alien to decentralized exchanges, too.
It supports crypto swaps across 40 different blockchain networks, and its user interface is easy to use for both newbies and experts. In essence, Lunex is revolutionizing how crypto swaps are carried out, with a special focus placed on useability, speed, and affordability. This positions the project for greatness.
Savvy investors notice its unique offering and potential to boom, and they are rushing its crypto presale as a result. Ethereum price to keep rising The surge in Ethereum ETFs is a testament to ETH’s growing stature amongst traditional finance institutions and its increasing appeal as a key player in bridging the gap between traditional and decentralized finance. These products are closely tied to Ethereum's price, and the significant inflows indicate heightened confidence in its long-term potential.
A surge in these inflows will not only boost Ethereum’s price but also solidify its position as a leading asset in the digital economy, paving the way for further adoption and innovation. Furthermore, Ethereum is historically known to hit new all-time highs a few weeks after a massive Bitcoin rally. So, analysts believe that a new Ethereum ATH could be on the radar as the coin draws closer to $4,000.
Solana consolidates to maintain bullish momentum Last month, Solana hit a record number of active wallets, DEX trading volume, as well as a new all-time high. Normally, this type of performance is often followed by a substantial price drop, but Solana seems to be holding its ground. SOL is still trading above $200 and is up by over 30% in the last month.
Apart from that, Solana’s daily trading volume is still worth several billion dollars, which shows that SOL is consolidating. Once the crypto market picks up, Solana is highly expected to experience a significant price rise. Conclusion A record amount of funds flowing into Ethereum ETFs suggests that the crypto market is set to continue on its bullish momentum.
This translates into serious gains for holders of Lunex Network due to its new status in the crypto space. Solana and Ethereum are established tokens, and even if they hit a new all-time high, their percentage gains would be minimal. LNEX, on the other hand, is set for a 1800% gain before it launches.
You can find more information about Lunex Network (LNEX) here: Website: https://lunexnetwork.com Socials: https://linktr.ee/lunexnetwork Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance.
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