2 weeks Ago
Ripple Labs has attained a significant milestone in its legal battle as a US court approved its request to expedite the final judgment in the XRP lawsuit. This decision has marked a crucial step towards ending the case that has weighed heavily on Ripple, affecting its price performance for years. This move has seen the XRP price hit a weekly gain of over 11% as Tron surges by over 22% monthly.
Tron's price movement continues to maintain bullish momentum, leading to considerable gains, but can it maintain this trend based on its Sharpe ratio? On the other hand, Lunex Network presale has also achieved another milestone, with a new all-time high of $0.0033 and presale revenue of over $3.8M.
Lunex Network Set to Disrupt the DeFi Market with Its Cross-Chain Compatibility Feature Lunex Network is set to disrupt the DeFi market by allowing traders to swap over 50K cryptos. Moreover, its lack of KYC features has also contributed to the project’s success. With Lunex Network, traders can anonymously trade, making it the best project for users who like privacy while pushing its price to a new ATH of $0.
0033. Lunex Network holders can also use the Lunex Pro subscription and other services. Experts believe the project will soon rival top exchanges within the crypto market.
With billions set to flow through the LNEX blockchain, it is set to generate massive revenue as its adoption grows. With this, Lunex Network has developed a unique approach that will help create value for its users. This includes using a portion of the generated revenue to market buybacks.
Half the repurchased tokens will be redistributed as staking rewards, with up to 18% APY. This will increase LNEX token demand and provide the best passive income stream for its token holders. Ripple Price Movement: Can XRP Reclaim Its ATH Before the Year Ends? Ripple’s monthly price surge surpassed 216%, its best performance since April 2021.
This significant surge is also set to continue owing to recent developments, including a US court's approval of expediting the final ruling on Ripple's long-term case with the SEC. Having hit a low of $1.28 earlier this week, the price of XRP rebounded to a high of $1.
53 before stabilizing around the $1.63 region . Market analysts are closely monitoring XRP's upward momentum.
If the current price movement can hold, Ripple will target the $2 milestone, which acts as a key psychological level, with further gains leading to its ATH of $3.38. Conversely, if the selling pressure surges, the XRP price might fall back towards its support at $1.
00, with the potential of deeper retracement around $0.85 if the bearish sentiments intensify. The technical outlook , including the RSI at 87, suggests the token is in the overbought region, which supports an incoming bearish reversal pattern as investors capitalize on their gains.
Tron Price Prediction: What the Sharpe Ratio Says About the Future of TRX A fresh analysis suggests that Tron's price might be about to experience a sizable pullback. A recent analysis by CryptoQuant has pointed out the likelihood of bearish days ahead of TRX holders. This expectation has been based on the crypto’s 180-day Sharpe ratio, which has a better history of pinpointing tops accurately.
According to the assessment, the Sharpe ratio recently surged to the high-risk level. Nonetheless, it also noted that the Tron price might push higher, but TRX prices above this current zone carry more downside risks. Tron has been rallying steadily, with a YTD of over 95%, hovering around the $0.
18 and $0.20 regions . In addition, Tron also achieved a new ATH at $0.
224 on November 23. However, selling pressure has occurred since then, curtailing the upside trend. Its relative strength index at 62 suggests a neutral position as the TRX price retraces below the psychological level of $0.
200. Can LNEX Mirror Ripple and Tron Price Movements? November has been quite good for both Ripple and Tron, as the two tokens have seen significant gains. Similarly, the Lunex Network presale has also been capturing widespread attention.
It could soon emerge as the leading force in the DeFi space, allowing investors to unlock unprecedented opportunities within the crypto market while mirroring the two cryptos' price movements. You can find more information about Lunex Network (LNEX) here: Website: https://lunexnetwork.com Socials: https://linktr.
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designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
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