The post Bitcoin Cash and Ethereum Classic Disappoint Investors As Lunex Network Soars During the Bull Run appeared on BitcoinEthereumNews.com.

While Bitcoin Cash and Ethereum Classic have left investors frustrated with underwhelming performances during the ongoing crypto bull run, there has been a collective success for most altcoins. Lunex Network is stealing the spotlight with remarkable growth, outpacing Bitcoin Cash and Ethereum Classic. Offering cutting-edge features like non-custodial asset control, advanced staking options, and seamless interoperability, Lunex Network has emerged as a promising alternative. Could Bitcoin Cash Hit $600 This Year? Bitcoin Cash (BCH) is well-known as Bitcoin’s practical alternative. This altcoin places efficiency and usability above prestige. Bitcoin Cash is currently selling at $551, up 65% from last month. Bitcoin Cash is a decentralized payment method that attracts companies or users seeking to avoid the high charges of conventional payment systems. Institutional inflows into crypto climbed to $3.13 billion this month, largely from Bitcoin ETFs. This influx has boosted Bitcoin Cash’s performance. Although Bitcoin Cash had difficulty breaking the $595 resistance level last week, its real-world utility continues to push it over the limit in the decentralized payment space. More businesses will likely begin accepting crypto-friendly payments, so Bitcoin Cash might continue its upward trajectory. Ethereum Classic’s Price Grows By Over 100% Ethereum Classic (ETC) has performed remarkably in Q4, with a 109% increase during the last month. The coin soared 14% in the last twenty-four hours largely because of more whale activity. Social media metrics for Ethereum Classic also reached a peak this year. Ethereum Classic recently reached a six-month high of $36 but faces resistance at $37.38 & $39.78. The 20-day EMA crossing above the 50-day and 200-day EMAs indicates an upward trend might continue. Nevertheless, with the RSI at near 64, a short-term pullback is possible. Bitcoin’s price will be crucial, as Bitcoin’s bullish momentum might push ETC above $40. If Bitcoin slows, ETC might revert…

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Filed under: News - @ December 7, 2024 11:23 am