The crypto market already gave us a pre-holiday surge between late November and early December. The earlier rally saw the Bitcoin price crossing $100K, while altcoins like Ethereum (ETH) and XRP attained new highs. Currently, the crypto rally has slowed down, causing sharp declines in the ETH value and the XRP price.
Some investors fancy both tokens to lead the altcoin market charge due to their status in the altcoin market. However, Lunex, a new crypto, is better positioned for the biggest holiday rally based on its ongoing presale success. The Lunex presale has raised over $5.4 million, but why is that enough to make it a challenger during the next crypto rally?
Ethereum leads the altcoin ranking table
Many altcoins compete for higher spots on the top 10 crypto table, but none have been able to dethrone ETH as the king of altcoins. Sitting at number 2 on the top cryptocurrency rankings, Ethereum has had its fair share of growth over the past month, increasing by about 13% within the period. The ETH price is currently trading at around $3,400 following its rebound from the $3,200 zone.
However, as the entire crypto market turns red, Ethereum will likely get its fair share of price decline. The broader crypto price fall, which directly affects the ETH price, is the aftermath of the new Fed interest rates, which have been cut down to boost the economy. More people are turning to banks for their investment needs over crypto, causing reduced demand.
XRP isn’t slowing down soon
XRP has been in the news more this year due to its company’s legal battle with the US Securities and Exchange Commission (SEC). However, a look at its recent market movement shows the XRP token has been having a great year. For context, the XRP price has surged by nearly 105% in the past month, reaching a new high price of around $2. While many altcoins are losing steam and dumping their gains, XRP has shown no signs of slowing down in the coming weeks.
Instead, the token has been forming strong partnerships to boost its growth and community drive. These, and the likelihood of getting a boost under the upcoming Donald Trump administration, have fueled the demand for XRP among retail and institutional investors.
Altcoins are set to dominate the market
As we anticipate the holiday crypto rally, Bitcoin may not be the coin with the most gains. Looking at the current market realities, popular altcoins like ETH and XRP are major contenders among the top-performing coins. These altcoins already set the pace with their massive returns in 2024 and are likely to continue, especially if the current Bitcoin decline persists.
However, many investors have been sleeping on Lunex, a new and upcoming decentralized finance (DeFi) token revolutionizing cross-chain transactions. The Lunex Network is solving the speed and scalability issues of competitors like Solana and Ethereum with its non-custodial asset transfers. The network interconnects across multiple blockchains and 50,000 crypto pairs, making it seamless for traders and liquidity providers to execute transactions.
Moreover, it offers a passive income opportunity through LNEX staking, with up to 18% APY. Plus, traders can earn cashback offers on transactions processed on the Lunex decentralized exchange (DEX) or non-custodial wallet.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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