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‘XRP’ searches on Google are up 450% over the last month as people want to find out more about the payment gateway token. With good reason, XRP has doubled in value over the last month. Can there be a new XRP ATH? XRP fans certainly think so, but the math may not add up.
Similarly, neither does the math make sense for meme coins, and the Bonk price has dipped sharply since the start of the week. Where things do make sense though, is in the new crypto exchange Lunex Network. It’s worth a deeper dive.
Lunex Network is a next-generation hybrid exchange revolutionizing crypto trading. Combining the ease of centralized exchanges with the security of decentralized platforms, Lunex enables seamless trading across multiple blockchains without complex wallet connections. This innovative approach delivers a user-friendly, secure, and efficient platform, addressing the shortcomings of traditional exchanges.
What sets Lunex apart is its ecosystem offering staking rewards, profit-sharing, and liquidity pools. These features create a self-sustaining model where users benefit directly from the platform’s success, positioning Lunex as a standout investment.
Lunex is built on strong fundamentals and a clear vision. With the presale gaining traction, Lunex provides early adopters the chance to invest in a project poised for growth. For investors seeking long-term value and real utility, Lunex Network is a smart choice.
XRP has done spectacularly well since the US election. XRP started the voting day at $0.50 and peaked at $1.17 two weeks later. Is a new XRP ATH on the cards? The way XRP is going, it would look that way. The XRP ATH was recorded in 2018, when it peaked at $3.92.
XRP is a limited supply token, which means its market cap and token price are linked. XRP’s market cap is $63 billion. To reach its ATH, the coin needs to grow by a factor of 3.5, which puts the market cap at $227 billion. This new XRP ATH would make it the third-largest token by market cap. It has occupied that position before, but it may be a long shot getting there.
The Bonk price went up over 200% since election day but has dropped 7% from its post-pump-peak. The Bonk price recorded a new ATH in the process. But the Bonk price is indicative of a phenomenon among meme coins: they can spike rapidly, and return great results. However, one needs to apply caution with meme coins - they can fall just as quickly.
At the end of the day, after all the hype and feelgood a surging Bonk price delivers, meme coins are not backed by any market fundamentals, and once the pump is over, the dump begins. Do not be surprised if the Bonk price loses all its gains before the bull run ends.
A new XRP ATH would be great, but it looks unlikely. The Bonk price did really well, but now is the time to sell Bonk, not to buy it. However, the Lunex Network presale is the perfect vehicle to invest in a token with genuine growth potential.
Lunex network is now available at $0.0026.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
