860994091727565157 – BTC Wires
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Navigating the crypto world is a daunting challenge owing to those confusing technical concepts, isn’t it?
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With an aim to keep you in touch with the current market trends of the crypto world, BTC Wires brings you the in-depth analysis of all the happenings so you can stand firm in this ecosystem.
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860994091727565157 – BTC Wires
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Analysis
Navigating the crypto world is a daunting challenge owing to those confusing technical concepts, isn’t it?
Lucky You! You are at BTC Wires.
With an aim to keep you in touch with the current market trends of the crypto world, BTC Wires brings you the in-depth analysis of all the happenings so you can stand firm in this ecosystem.
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Lunex looks to dethrone CEX’s And DEX’ss as the new Binance & Uniswap killer
Published
1 hour agoon
September 29, 2024By
adminDisclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Binance and Uniswap are losing ground as traders favor Lunex Network, a Layer 1 web3 solution for enhanced security.
Binance (BNB) and Uniswap (UNI) are slowly losing traction as traders shift to modern exchanges to buy new crypto coins in an ideal environment. Without significant updates, they could be replaced by advanced technology and decentralized non-custodial exchanges such as Lunex Network. As a Layer 1, web3 multi-chain bridge network, Lunex Network is poised to dominate the investing landscape, offering enhanced scalability, interoperability, and security.
Binance: Centralised powerhouse under pressure
The largest centralized exchange, Binance, has long been a liquidity, ease of use, and asset supporter in the crypto world. Yet, as regulatory pressures have increased and governments across the globe have tightened their Know Your Customer and anti-money laundering regulations, Binance users are increasingly concerned about asset security.
Traders on Binance must trust the platform to protect their private keys, effectively losing control of their own assets. This centralized model is considered outdated as privacy and decentralization remain a central focus in the crypto community.
Uniswap: Decentralized but limited
A pioneer of decentralized exchanges, Uniswap lets users own assets without long KYC processes. However, it has a challenging automated market maker system. Slippage, gas fees, and liquidity problems render trading relatively inefficient compared to more modern exchanges.
Furthermore, Uniswap’s lack of scalability leaves it lagging behind the times, as well as its inability to provide the kind of seamless, high-speed trading experience that mass adoption requires. As a result, Uniswap is failing to see significant growth despite a rise in the demand for cryptocurrency.
Lunex Network: The best of both worlds
Lunex Network is a DeFi platform that takes Binance’s liquidity and Uniswap’s decentralization for a well-rounded investor experience. Lunex Network introduces a non-custodial, decentralized exchange across multiple blockchains that lets users trade cryptocurrencies directly without third-party wallets or annoying KYC procedures.
Lunex Network allows users to keep control of their private keys, and it removes the bloat of DEX platforms by providing institutional-grade liquidity, low fees, and instant swaps for more than 50,000 cryptocurrencies.
Beyond its use within the Lunex Network ecosystem, its native token, LNEX, offers token holders revenue-sharing opportunities and price appreciation.
A portfolio tracker, DeFi wallet, and merchant payment solutions make Lunex Network a comprehensive platform for everything crypto-related. With Lunex Network Pro, users also get advanced digital asset management, cashback rewards, and AML wallet address checks, providing traders with the ultimate user experience in the DeFi space.
As regulators pressure centralized exchanges like Binance and the limitations of decentralized exchanges like Uniswap become apparent, Lunex Network is emerging as a natural alternative. Its decentralized privacy-focused model meets today’s user control and security demands, while its high-speed, low-cost trading solutions are attractive to both casual and institutional investors.
With forecasts of an 1800% jump in LNEX value by 2024, savvy investors see Lunex Network as an essential addition to their long-term crypto investment strategy. Lunex Network tokens are currently selling for just $0.0012 during the first stage of its presale, with analysts anticipating a massive 1,800% rally before its presale concludes.
For more information, visit the Lunex Network official website or join the online community for the latest updates.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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Crypto Market Braces For US Job Data Amid ‘Uptober’ Rally Anticipation
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2 hours agoon
September 29, 2024By
adminThe crypto market enters a crucial week, with anticipation soaring over the upcoming US Job data. This data, especially after the softer US PCE inflation figures last week, would aid investors in assessing the market trends for the fourth quarter. In addition, the traders would also keep an eye on the Fed officials’ comments amid growing expectations over a potential “Uptober” rally.
Crypto Market Eyes US Job Data This Week
The broader financial sector, let alone the crypto market, is eagerly waiting for the upcoming US Job data next week. Notably, the Labor Department is scheduled to release the US nonfarm payroll, unemployment rate, and Hourly wages data for September on Friday, October 4.
This set of data would provide key insights into the current labor market trend. Notably, the labor market is one of the crucial areas that the US Federal Reserve considers while deciding its policy rates.
According to Wall Street estimates, the US nonfarm payroll data is expected to come in at 144,000, up from the prior month’s reading of 142,000. On the other hand, the unemployment rate is anticipated to remain unchanged at 4.2% for September.
It’s worth noting that last week’s US PCE data showed that inflation has cooled to 2.2%, down from the market expectations of 2.3%. This has bolstered market optimism over a continued dovish stance by the US Federal Reserve at their upcoming meetings this year.
Fed Officials’ Comments To Shape Market Sentiment
A flurry of US Fed officials are scheduled to speak this week, which would be closely watched by the crypto market investors. For instance, the week will start with Fed Governor Michelle Bowman and Fed Chair Jerome Powell’s remarks on Monday, September 30.
Following that, Fed bank governor Lisa Cook is scheduled to speak on Tuesday. In addition, Minneapolis Fed President and Atlanta Fed President Raphael Bostic will have a discussion on Thursday, October 4. Notably, the comments from the central bank officials are likely to shape the market sentiment, especially after the recent US Fed’s 50 bps rate cut decision at their last meeting.
Crypto Market To Maintain Its “Uptober” Rally?
The recent softer US PCE inflation data has raised bets over a 50 bps rate cut again at the Fed’s November meeting, according to the CME FedWatch Tool. This has also sparked discussions if crypto sector can maintain its “Uptober” momentum this year.
For context, historical data indicates that October usually tends to be a positive month for Bitcoin and top altcoins. In addition, the market also showcases a positive momentum in the final quarter of the year.
Meanwhile, this year, the upcoming US election in November is also expected to bolster the market sentiment. Taking all these into account, several market pundits are optimistic over a “Uptober” as well as a Q4 rally for the broader market in 2024.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
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.
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860994091727565157 – BTC Wires
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