Experts Are Praising This New Altcoin As BNB and XRP See Double Digit Declines
The post Experts Are Praising This New Altcoin As BNB and XRP See Double Digit Declines appeared on BitcoinEthereumNews.com.
SPONSORED POST* Binance (BNB) and Ripple (XRP) still hold large chunks of the crypto market cap though both are having some trouble in paradise this week as they experience significant losses. Meanwhile, from the sidelines, a fresh protocol known as Lunex Network ($LNEX) has graced the DeFi space with a modern offering of interoperability, exceedingly low gas fees, and a central focus on privacy. So how will these projects perform as 2024 draws to a close? Binance (BNB) Declines Despite Efficiency Improvements Binance (BNB) has made moves to improve its ecosystem with the introduction of Binance (BNB) Chain Fusion. This update was aimed at boosting efficiency on Binance (BNB) while also tackling user security concerns. It essentially integrated historical Beacon Chain features into the more modern Binance Smart Chain. Despite these updates, Binance (BNB) is showing signs of decline, having lost 9% of its value over the last 24 hours. Binance Coin’s annual gain remains solid at 177% though many BNB holders are worried that this moderate dip could present the start of a bigger downward movement. Ripple Dips Following Major Rally In November Ripple gained favor earlier in 2024 as it impressed investors with its approach to cross-border payments and made several intelligent updates to the Ripple (XRP) ledger. In addition, Ripple (XRP) entered key partnerships, most notably with Archax, which broadened Ripple’s overall utility. These updates saw major gains for Ripple, and the cherry on top of the cake was Donald Trump’s appointment, which saw Ripple soar further. However, Ripple (XRP) could now potentially face some serious corrective price action, and holders got a taste of this in the last 24 hours as Ripple (XRP) dipped by 9%, with an 11% loss in the last week. Lunex Network Brings Lucrative Revenue Sharing Model While Solana and Ethereum refine…
Filed under: News - @ December 12, 2024 1:22 pm