Litecoin News: Wary LTC Investors Reallocate Funds to Utility Focused Brands Binance Coin (BNB) and Lunex Network (LNEX)

Litecoin LTC $90.41 24h volatility: 7.5% Market cap: $6.86 B Vol. 24h: $432.71 M is attracting a new wave of investors after Canary Capital filed for a Litecoin spot ETF, and BNB BNB $600.1 24h volatility: 0.1% Market cap: $87.55 B Vol. 24h: $573.26 M is holding its ground despite losing 32% of its dApp volume in one week. Despite this volatile sentiment, Lunex Network is soaring through its explosive presale as the platform gets closer to the big 1M USDT USDT $1.00 24h volatility: 0.0% Market cap: $148.74 B Vol. 24h: $48.32 B milestone.

Litecoin (LTC) ETF Application Filed in the US

Litecoin is one of the oldest assets in the market with complete utility status, especially since the US Securities and Exchange Commission (SEC) has never considered Litecoin a security. Taking advantage of this position, Canary Capital has filed an application for a Litecoin spot ETF.

After this news, Litecoin’s price experienced a massive upswing as traders anticipate huge gains for Litecoin in the upcoming weeks. Litecoin is currently trading for $71.67 after an intraday increase of 6.55%. Since Litecoin’s volume has also increased by 179.08% over the last 24 hours, investors appear to be rushing to invest in Litecoin before a potential rally.

BNB’s dApp Volumes Suffer Major Decline

BNB Binance coin has recorded a massive 32% drop in the total volume of dApps on its network this week. Despite this significant decrease in the DeFi aspect, BNB’s price on the open market has remained relatively stable. Even though BNB’s former CEO CZ recently stepped down from his position after being released from prison, BNB has managed to hold its ground amongst the top 5 cryptos by market cap.

BNB is currently trading for $592.06 after a minor intraday increase of 0.61%. Since BNB is trading above all of its Simple Moving Averages, BNB’s Binance coin price outlook for Q4 is still bullish. For now, BNB is preparing to test the critical resistance at $633.7.

Lunex Network (LNEX) Leads the DeFi Utility Altcoin Race with Almost $1M Raised

Lunex Network has consistently recorded massive gains over the past few weeks. Although Lunex Network is still in presale, the platform’s native $LNEX has already experienced a 25% price surge after raising more than $800,000. If this trend continues in Q4, analysts are tipping at a massive 100x rally for LNEX in 2025.

The reason why Lunex Network is outperforming both BNB and LTC is the platform’s unique set of features. Firstly, Lunex Network sets itself apart in the crypto exchange space by launching a DeFi exchange with cross-chain trading capabilities. By removing the need for third-party wallets like MetaMask or TrustWallet, Lunex Network is giving traders the opportunity to swap or exchange tokens that operate on different blockchains through its non-custodial network.

Since Lunex Network also has a non-custodial wallet, traders can store, buy, swap, or stake tokens directly from their mobiles or laptops without providing any additional information. With Lunex Network’s no-KYC policy and Ethereum-backed exchange, traders can enjoy a fully secure and transparent trading experience.

To make things even better, Lunex Network’s native LNEX token also offers attractive staking rewards to long-term holders. Once Lunex Network starts generating revenue from transaction fees and merchant listings, the platform will repurchase LNEX on the open market. These tokens are then distributed to current holders as staking rewards with up to 18% APY, giving investors a reliable and risk-free source of passive income.

Currently, in the third presale stage, Lunex Network’s LNEX token is selling for a low price of only $0.0015. Since Lunex Network is seeing a huge spike in its demand this week, analysts are projecting the token to hit a new all-time high within the next few days.

You can find more information about Lunex (LNEX) Network here on the website or social media accounts.

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