While the overall state of the market and Bitcoin’s trajectory are key elements to predict how a cryptocurrency will perform, most individual alt-coins rely on bullish catalysts to surge in value. Ruminations of potential Ripple (XRP) and Solana (SOL) ETFs have sparked renewed hype for these cryptos, though the possibility of them amassing gains beyond 25x this cycle is low.
This is why smart money investors are accumulating LNEX in droves, the native token of a DEX platform that could 100x by 2025 and rally over 1800% in Q4.
ETF Rumors Fail To Move The Needle For Ripple (XRP)
Ripple’s resolution with the SEC in August served a cold dish of disappointment for Ripple investors, and the Ripple army is now shifting their attention to XRP ETFs as the next major bullish catalyst to propel Ripple to $589
As fund managers including Bitwise and Canary Capitals file for XRP ETFs, it has been touted that the release of Ripple ETFs “is a matter of if, not when”.
While Ripple ETFs would certainly be massively bullish for Ripple’s future prospects, these rumors have failed to move the needle for Ripple in early October. Down by 2% in 30 days and up by only 1% this week, it looks like Ripple will continue fluctuating between $0.45-0.65 for the year.
New Report Excites Solana (SOL) Investors In Q4
Set to become Ethereum’s primary contender if it isn’t already, Solana has arguably been 2024’s trendiest layer-1. While Solana is poised for long-term growth this cycle, a new Standard Chartered Bank Report has excited Solana investors for the short term.
In this report, it was claimed that Solana could rally by 400% over the USA election in November, especially if pro-cryptocurrency Republican nominee Donald Trump wins. Moreover, the report stipulated the major possibility of SOL ETFs for this cycle and beyond, which would put Solana head and shoulders above Ethereum if it comes to fruition.
Lunex Network Could Become The Next 100x DEX Gem
DEX cryptocurrencies are expected to experience massive surges upon an ever-encroaching bull run in 2024-2025. In particular, Lunex Network has captivated big buyers and whales during the second stage of the presale, with its potential to amass 100-500x returns this cycle.
A key benefit of Lunex Network is its elimination of KYC verifications that only serve to be a hindrance to alternative DEXs. This allows users to trade on the platform wi
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Author: Crypto Daily
