Starting off on a crypto trading adventure can seem overwhelming but it need not be. For beginners, Lunex Network, Cardano, and Litecoin are the top three coin selections to start your wallet journey in 2024. Each of these coins offers unique features and benefits that cater to new investors. Let’s see why experts are particularly backing Lunex Network among the top three.
Litecoin (LTC) Rises By 1% In 7 Days
Litecoin’s price has climbed by 1.84% during the last 7 days to $64.30. Litecoin’s increasing payment dominance sets it apart, since it currently accounts for 37% of all cryptocurrency transactions, exceeding Ethereum and Bitcoin. This rise is due to Litecoin’s fast, low-cost transactions. Litecoin’s liquidity is solid, with a volume-to-market cap ratio of 0.1482. The RSI of 64.80 suggests neutral momentum, indicating sideways trading for now.
Over the past month, Litecoin saw positive performance 57% of the time, with low volatility at just 4%. Despite only outperforming 25% of the top 100 crypto assets, its expanding role in transactions keeps it relevant. For all those searching for an efficient and stable crypto, Litecoin remains a good choice.
Cardano (ADA) Faces Challenges
Cardano was formerly a contender in the Layer-1 blockchain space. A price rally to $0.80 in 2024 made some believe Cardano’s time had arrived. However, the resurgence of the broader market has shifted investors’ focus toward the larger ecosystems. This has hurt smaller Layer-1 blockchains like Cardano, and analysts don’t expect its price to reach $1 soon, as challenges persist.
Meanwhile, Cardano’s native currency, ADA, is currently facing challenges due to market pressure from Bitcoin and concerns surrounding large-scale Ethereum (ETH) sales related to the PlusToken scandal. A significant amount of ETH has been transferred to major exchanges, sparking fears of a possible $1.3 billion sale. This potential sale could have a major impact on Cardano and other altcoins, adding to the ongoing turbulence in the market.
Lunex Network’s (LNEX) Privacy-focused Crypto Trading Set To Change DeFi
Lunex Network focuses on privacy in crypto trading by eliminating KYC requirements. Users can trade anonymously without needing to submit personal documents, which simplifies the process and enhances security for all traders, whether beginners or seasoned.
For advanced traders, Lunex Network Pro offers a portfolio tracker for better asset management, along with an AML-compliant wallet address for enhanced safety. Businesses can make use of the platform’s B2B transaction gateway which allows crypto-to-fiat conversions immediately. This particular feature has attracted institutional investors and large-scale traders to the platform.
Lunex Network also has a revenue-sharing model that appeals to investors. The platform repurchases tokens from the market and distributes them as staking rewards, offering up to 18% APY. This, along with its deflationary tokenomics, helps maintain long-term token value, making $LNEX a solid investment.
Analysts predict huge potential gains, with 100x returns possible. With the token currently priced at $0.0015 in its presale, investors are encouraged to act quickly before the price surges during the anticipated 1800% rally.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork