It is sometimes the case that branch assets that stem from established cryptos see success due to the credibility of their parent asset. This has been the case for many crypto giants, but not Bitcoin Cash (BCH) and Ethereum Classic (ETC).
Ethereum Classic rose by 80% in the last 12 months but this is a small gain when you look at broader market movements. Bitcoin Cash (BCH) did slightly better with a 144% annual increase but this remains a small increase when compared to the growth trajectory of other major cryptos.
Many analysts are now citing a more lucrative alternative for investors: Lunex Network ($LNEX). So what is drawing so many traders to this new protocol?
Ethereum Classic (ETC) Works On Supporting dApps
Ethereum Classic (ETC) continues to garner favor for its steadfast focus on blockchain immutability and security. Recent advancements in Ethereum Virtual Machine (EVM) compatibility have built on Ethereum Classic’s ability to support decentralized applications (dApps) and smart contracts more efficiently, broadening Ethereum Classic’s utility. These updates are positioning Ethereum Classic (ETC) as an appealing choice for developers seeking a reliable and censorship-resistant blockchain for transparent projects, though the asset has seen less growth than other major cryptos in the last year.
Ethereum Classic is currently trading around $19, and analysts suggest the token is consolidating within a falling wedge pattern.
Bitcoin Cash (BCH) Price Rebounds After Halving Event
Bitcoin Cash (BCH) has been dithering along this year, but there has been a bit of a vacuum in terms of big technological developments. In April, the block reward for miners was cut in half in line with Bitcoin Cash’s deflationary design. The story quickly changed when Bitcoin Cash’s halving caused the initial decrease in reserves. In ten days, miners reclaimed over 110,000 Bitcoin Cash (BCH), pushing the price back from $454 to $500.
Lunex Network Delivers Unmatched Interoperability
Lunex Network is gracing the DeFi space with an exceptional offering of unmatched interoperability and some of the lowest transaction fees that have ever been seen in the crypto world. High-volume traders looking for maximum profits can trade over 50,000 different assets via advanced smart contract technology on Lunex Network. This environment has been engineered for agile trading, meaning that traders can make clutch swaps whenever the need presents itself.
Professional traders who want to swap on the go can use Lunex Network’s modern portfolio tracker and neat mobile exchange app. The sleek portfolio tracker supports not only cryptocurrencies but also stocks and other financial assets. It is therefore suited for traders with large, varied portfolios. The mobile app gives traders flexibility and feeds them real time analytics, promoting educated investment decisions at all times.
Another standout feature is Lunex Network’s ($LNEX) omission of the usual KYC protocols. The protocol goes against the norm in this regard, focusing on the privacy of traders, who can conduct their crypto dealings in anonymity.
Lunex Network Makes Waves In The DeFi Space
With its high interoperability, low fees, and trader-focused features, Lunex Network is attracting increasing attention. Analysts forecast an impressive 1,800% growth in $LNEX’s value by 2024, with tokens on offer at an alluring price of just $0.0038.
For traders looking to secure sustained returns in a high-potential protocol, Lunex Network ($LNEX) is proving to be an opportunity not to be overlooked.
You can find more information about Lunex Network (LNEX) here:
- Website: https://lunexnetwork.com
- Socials: https://linktr.ee/lunexnetwork
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
