DOGE thrives in 2024, XLM gains momentum as Lunex Network emerges with promises of scalability and innovation.

Dogecoin (DOGE) continues to thrive in 2024, fueled by its passionate community and enduring appeal as a fun, accessible cryptocurrency. Stellar (XLM) is gaining momentum with its mission to change cross-border payments and financial inclusion. While these established players enjoy the success they are due, Lunex Network (LNEX) has swaggered onto the scene, promising advanced scalability and interoperability to redefine blockchain innovation. 

As Dogecoin and Stellar solidify their roles and Lunex Network makes its name, all three are set for major gains as 2024 draws to a close. So, what are the key features that are bringing so much attention to Lunex Network?

Dogecoin Releases core 1.14.8 updates

Dogecoin released new technological updates for its network to improve security and efficiency. Dogecoin Core 1.14.8 makes the Dogecoin Core client reproducible and improves security for users. Likewise, Dogecoin Core 1.14.7 introduced a few bug fixes and some important security fixes for the network.

These developments come amid major market excitement. Dogecoin jumped 88% in a week. There is a feeling of optimism among Dogecoin holders around the potential regulatory easing that may come into fruition with the upcoming change to the US administration.  

Stellar introduces core advancement proposals

New technology and strong market performance have been grabbing headlines recently for Stellar. This update refines a proposal from late 2023, when the network applied its Protocol 20 upgrade, and adds 12 new Core Advancement Proposals (CAPs) for smart contract capabilities and network efficiency.

These CAPs have now been polished off, and along with Franklin Templeton’s integration of Stellar’s blockchain recently, these changes have seen a staggering 99% reduction in transaction costs for Stellar users. This move highlights Stellar’s increasing relevance in bridging traditional finance and blockchain technology.

These changes have driven Stellar’s value higher. A week ago, the cryptocurrency jumped about 95%, a strong indicator of rising investor confidence and increased trading activity.

Lunex network enables trades on over 50,000 assets 

Developers and traders are noticing Lunex Network as it combines cross-chain interoperability, privacy-focused features and an industry-leading profit-sharing model. Built around advanced smart contract technology, Lunex Network executes trades in real time on over more than 50,000 assets. 

For traders seeking flexibility, Lunex Network’s ultra-low gas fees are a game-changer. In a market where rapid decisions can be critical, these minimal fees allow users to stay agile without the burden of high transaction costs, ensuring a smooth and cost-effective trading experience.

At the heart of the platform is the LNEX token, designed to not only grow in value but also provide tangible benefits. Its revenue-sharing feature distributes 18% of platform profits directly to token holders, creating an additional income stream that goes beyond traditional token appreciation. This model encourages long-term investment while rewarding users for supporting the network’s growth.

The ongoing Lunex Network presale is creating a lot of buzz, with tokens currently being purchased for an extremely low price of $0.0031. Some analysts already project record growth of 1,800% pre-launch. For those looking to invest in a forward-thinking project with great market potential, Lunex Network presents a chance to own a piece of a promising protocol. 

For more information, visit the Lunex Network official website and join the online community for the latest updates.

Gemini co-founder and CEO Cameron Winklevoss is calling for a probe into the drop of a controversial charge involving FTX co-founder Sam Bankman-Fried (SBF). It has been 8 months since Judge Lewis Kaplan sentenced SBF to 25 years in jail. However, to Tyler, this has not resolved some major aspects of his fraudulent reign as FTX CEO.

Cameron Winklevoss to Trump’s Attorney General

Directing his X post to the community, the Gemini CEO asked the incoming Attorney General to investigate SBF’s $100 million campaign finance breaches. Notably, the Department of Justice (DoJ) dropped these charges mid-last year, moving the SBF saga away from politics.

To Cameron Winklevoss, the public deserves to know why the charges were dropped. In addition, he said it is in the public interest to know why the funds went to fund Democrat elections. The post from the Gemini co-founder has generated a lot of reaction among crypto stakeholders.

One X user Nguyễn Minh Quân (@theUxBlockChain), highlighted how dropping charges on high profile cases can erode trust in public offices.

Public trust in the legal system takes a hit when high-profile cases involving political donations end with charges being dropped. People expect the justice system to fully investigate financial crimes, especially those that could have impacted political decisions or outcomes.

— Nguyễn Minh Quân (@theUxBlockChain) November 23, 2024

In a separate post, the Winklevoss twin hailed the nomination of Scott Bessent as Treasury Secretary. Bessent aligns with crypto values and according to the Gemini CEO, he explains the Democrat war on the industry better. In Scott Bessent referenced video, he claimed the Democrats are fighting the industry to cover up the bad act from one party – SBF.

Contained Complications from SBF Role At FTX

Cameron Winklevoss’ is one of the major firms impacted, indirectly, by the FTX implosion. Over, the exchange’s bankruptcy became imminent with over $8 billion of customer’s funds lost.

In fairness attribution to the justice system, Caroline Ellison and Ryan Salame also got 2 and 7.5 years for helping to wreck the exchange. However, Gary Wang escaped prison, enjoying rare leniency like Nishad Singh.

With the exchange’s executives now sentenced, the firm has announced January as the timeline to begin the FTX reognization plan. While the entire bankruptcy plan is almost over, the last phase, the reognization plan still require one more court order.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.