Litecoin is already experiencing upward price movement as analysts expect an ETF approval soon. At the same time, Avalanche continues to struggle, and buyers are taking advantage of the discounted price. Lunex Network is also recording high adoption rates as the broader market sentiment is slowly but surely turning bullish. Litecoin (LTC) Could Become Third US Spot ETF with $580 Million Yearly Inflow Canary Capital filed an application for a Litecoin ETF in October 2024, making analysts optimistic about a potential approval during Q1. Litecoin’s proof-of-work consensus makes it less likely to be labeled as a security. Analysts are already anticipating up to $580 million in first-year inflows by the Litecoin ETF, opening up an avenue of new opportunities for Litecoin traders. Litecoin is currently trading for $129 after a 5.2% intraday decrease. Litecoin’s trading volume has recorded a 30% decline during the last 24 hours which suggests decreased market participation. Despite the minor pullback, Litecoin is still trading above all of its Exponential Moving Averages on the LTC/USDT daily chart. Since Litecoin’s Momentum Indicator also suggests bullish dominance, Litecoin’s price could rally toward the critical $200 resistance before the end of Q1. Avalanche (AVAX) Struggles Continue As It Rests On Support Avalanche’s price broke below the critical $34 level in early February and the AVAX price entered a downward spiral amid the market-wide bearish sentiment. Before the breakdown, Avalanche’s whale wallets also recorded positive net inflows in January leading to a $600 million capital inflow for Avalanche. Although most of these positions are now underwater, confidence in Avalanche’s long-term prospects is still high as analysts expect a major comeback once the market regains its footing. Avalanche is now trading for $24.60 after an intraday increase of 3.4%. Right now, Avalanche is trading below most of its long-term Exponential Moving Averages on the AVAX/USDT daily chart which means that its price is still in bearish territory. Lunex Network (LNEX) Attracts Capital Inflow with B2B Payment Gateway Lunex Network may not have an ETF of its own, but it has still managed to accumulate more than $7.2 million in capital inflows within a few weeks of its presale launch. Lunex Network’s altcoin is trending in the market for several reasons, but the most standout feature is the interconnected ecosystem that facilitates seamless cross-chain trading. By integrating the latest Web3 technology, Lunex Network is removing the barriers between isolated blockchain networks and bridging them with its disruptive ecosystem. With more than 50,000 compatible tokens, Lunex Network allows users to trade cryptocurrencies across 40+ different blockchains without any additional cost. Every transaction is processed through Lunex Network’s smart contract which helps the platform offer the lowest gas fees to users. The trade is strategically split across networks to source the highest liquidity, giving traders a seamless trading experience across the crypto ecosystem. Lunex Network is also attracting massive capital inflows from whales by offering a unique B2B payment gateway API. Merchants can use Lunex Network’s gateway to receive cryptocurrency payments from customers anywhere in the world which removes the hassle of cross-border transactions. These payments can be instantly converted into fiat through Lunex Network, increasing the utility and scalability of the platform. Lunex Network is also committed to user security which is pertinent in its efforts to give full control to investors. Only merchants and traders themselves have access to the private keys to their digital assets, keeping Lunex Network’s ecosystem free of any third-party manipulation. You can find more information about Lunex (LNEX) Network here: Website: https://lunexnetwork.com Socials: https://linktr.ee/lunexnetwork Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Litecoin Surges Amid ETF Rumors But Investors Are Buying These Altcoins Instead appeared first on Times Tabloid .
