It’s altcoin season. As the first altcoin, Ethereum is rallying to lead the bull run this January. While ETH price is expected to receive a massive boost to $5,000 at the peak of the bull run, there’s a new sheriff in town.
Lunex Network ($LNEX) has gained the attention of crypto researchers and experts who forecast the token to achieve a better marginal gain than ETH. As a new crypto, Lunex is still in its ICO phase but has made outrageous gains north of 350% since its debut. Interested now? Dig further!
Lunex Network’s incredible presale run and impressive features
As a Web3 protocol, the Lunex Network (LNEX) initiative provides traders with easy liquidity and allows for cross-chain transactions. It also provides a private, safe, and immutable smart contract for trading more than 50,000 cryptocurrency pairings.
Lunex’s distinctive capabilities will completely transform how individuals use DeFi on the blockchain. The Lunex Network has the potential to become the largest Web3 trading infrastructure.
With the presale having sold over 2.5 billion tokens, Lunex has already realized over $6.3 million. Investors can benefit from the low price of LNEX tokens, available for just $0.0054.
The new crypto also benefits holders through Lunex’s revenue-sharing and the burning and staking models. The former enables token holders to stake their tokens for as little as 30 days and receive up to an 18% APY rate, while the latter rewards active LNEX holders.
Ethereum: one win, one stalemate, one loss
Some of the most recent news from Ethereum in the last few days include its record ETF performance, FDIC review, and 3.7% growth in phishing attacks in 2024.
According to new statistics, ETH spot ETF interest hit a record high in December. Last month, $2.1 billion was invested into ETH ETFs, accounting for 81.5% of all net inflows. The monthly net inflows for December were almost twice as high as the $1.08 billion number for November.
Fidelity ETH Fund leads with $1.58 billion, making it the most indebted fund in the world. Grayscale ETH Mini Trust comes in second with $601.04 million. The Bitwise ETH ETF contributed an additional $345.02 million, the VanEck ETH Trust contributed $127.79 million, and the Franklin ETH Trust contributed $37.65 million.
In other news, Attorney John Deaton’s call for a federal investigation into Operation ChokePoint 2.0 exposed the steps the FDIC took to restrict access to cryptocurrency services, such as BTC and ETH transactions.
With claims of unjust treatment and hampered innovation, the cryptocurrency industry has rallied around Deaton. According to Deaton, US crypto development should be facilitated by openness and equitable regulation.
According to Coinbase, the FDIC demanded that various banks cease or reduce their services connected to blockchain settlement networks, tokenized deposit products, BTC and ETH transactions, and at least 25 letters written to various institutions between 2022 and 2023.
Lastly, 332,000 ETH addresses were impacted by phishing attempts last year, specifically emphasizing chains compatible with the Ethereum Virtual Machine.
Also, of the 30 major phishing assaults in 2024, ETH suffered 85.3%. The largest was $55.4 million by a setOwner phishing attack. Security setbacks such as this that might affect ETH price influenced experts’ opinion that the new crypto, Lunex, is a better investment.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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