The crypto market is holding its breath with the latest SEC/XRP news. After a landmark ruling cleared XRP of being a security, the US SEC signaled its intent to appeal. This throws a shadow of uncertainty over Ripple’s future. But as the legal battle rages on, investors are turning to a safer and regulatory-compliant option with Lunex Network, a non-custodial crypto exchange titan with promises of a revolutionized and secure DeFi. Could this be the dawn of a new era in non-custodial crypto exchange? Let’s find out.
XRP News: Ripple faces bearish pressure amid SEC appeal
Barely two months ago, XRP saw a courtroom victory that sent ripples of joy through its community. However, the threat of the SEC appealing the ruling is threatening to dim XRP’s shining light. Despite a recent judgment that declared programmatic sales of XRP do not constitute securities, the agency seems determined to have the last word.
Unfortunately, legal observer Attorney Fred Rispoli putting the odds of an appeal at 60/40 has raised even more concerns—a show of the SEC’s relentless pursuit of centralized control over the crypto world. The appeal’s deadline is set for October 7th, and the XRP news has cast a pall on its price. In fact, its 32% late Q3 gain MoM has depleted to just 7%.
The XRP news undoubtedly defied broader market positive sentiments as the specter of a renewed legal battle wreaked havoc on loyal XRP backers. Many of them are still living in the shadows of the gut-wrenching 98% XRP drop from ATH after the legal tussle started in 2020. Right now, the crypto world is watching with bated breath. Currently, XRP is trading at $0.6 with a colossal $34.4B market cap—the seventh-largest.
XRP investors flock to the regulatory-compliant, high-potential Lunex Network’s non-custodial crypto exchange
The crypto market has always proven that setbacks like the bearish XRP news are just a bumpy road to another opportunity. Right now, the opportunity presenting itself is Lunex Network’s DeFi revolution and non-custodial crypto exchange platform, which has been blazing a new trail. Sensitive issues like regulatory tussles, insecurity, and technical complexities have been big roadblocks to DeFi.
Lunex Network is reinventing these pitfalls into opportunities. This new non-custodial crypto exchange features a smart contract-powered, multi-chain compatible aggregator. This means investors and traders get slippage-free, low fees, and blazing-speed trading on over 50,000 crypto assets.
But that’s just the tip. Lunex Network’s non-custodial crypto exchange solution is changing the game for secure asset and value transfer. It’s safe to say XRP holders have struck gold with Lunex. While the Ripple community reels from the XRP news, the smart ones are taking advantage of Lunex’s passive income opportunity and DeFi products.
Early holders get a cut in revenue generated, in addition to exclusive staking, liquidity farming, and cashback rewards. That’s why many investors are flocking to its ongoing presale. In fact, stage one sold out in the twinkling of an eye—accruing $500,000 in mere days. The presale is ongoing in stage 2, and the price is still at a tantalizingly low $0.0013. The best time to invest in the Lunex presale was yesterday. The second best time is now, so don’t wait.
You can find more information about Lunex Network (LNEX) here:
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