Positive momentum has returned to the crypto market after a bearish start at the beginning of October. Currently, coins like Solana (SOL) and Ripple (XRP) are displaying gains. In the latest news, the Solana Foundation has launched a proposal for the development of a Historical State Verification Tool.
Also, Ripple (XRP) has minted 4.5 million RLUSD. Meanwhile, SOL and XRP’s investors are showing interest in a new ICO, Lunex Network, because of its revenue share feature. Lunex Network is in the third phase of its public presale and has raised over $1million.
In a recent tweet, the Solana (SOL) Foundation announced $275K in funding for proposals to develop the Historical State Verification Tool RFP. The tool aims to enhance data verification features on the Solana blockchain, ensuring data integrity and reliability in the long run.
According to the report, submissions of proposals are open until November 15. The latest announcement comes as Solana (SOL) hits new milestones. The network’s TVL just crossed $6 billion for the first time in three years, according to DeFiLlama.
Also, the Solana price has crossed the $150 mark for the first time in two weeks, data from CoinMarketCap shows. These metrics could mean investors and developers are coming back to the ecosystem.
The Hull Moving Average (9) is currently showing a buy signal, meaning the sentiment around SOL is bullish. Coincodex forecasts the Solana coin price could soar to $176.56 by November.
As per reports, Ripple (XRP) has minted 4.5 million RLUSD stablecoins in the past day. As shown by the Ripple RLUSD tracker, the minting took place in the RLUSD Treasury, and 260,000 RLUSD was minted at this location as well.
Then, both batches of the newly created stablecoins were sent to two unknown wallets. The latest issuance is the latest token test as part of Ripple’s (XRP) effort to increase testing before launching its highly anticipated stablecoin later this year.
As for the price movement, the Ripple coin is showing strong bullish activity on the weekly chart, as seen on CoinMarketCap. Although the project continues to fight a legal battle with the US SEC, the price of the cryptocurrency has risen by 3%.
However, the Hull Moving Average (9) of Ripple (XRP) is showing a sell signal. This could mean a price drop is around the corner. If this happens, the Ripple crypto has support at $0.521632 and $0.514435.
Lunex Network (LNEX) is a new DeFi project that offers users a one-stop shop to access thousands of tokens on multiple blockchain platforms. Not only this, users can easily sell or purchase a pair of digital currencies as well as swap their coins at extra-low cost. This feature makes Lunex Network different from some of the top DEX platforms, such as Uniswap.
In addition, Lunex Network also has decentralization as one of its main goals. As a result, the project allows users to have full control of their keys. Furthermore, Lunex has a revenue-sharing model where LNEX holders get a percentage of the fees generated by the platform.
When a customer enters the swap-in feature, Lunex collects fees from them, then a portion of the profits generated in a week would be invested back into LNEX token stakers. This initiative is part of Lunex’s main strategy to become a top non-custodial merchant, where the community shares in its profit.
LNEX token holders could receive millions of dollars in profits over time, making it a steady passive income stream. Currently, in the third phase of its presale, Lunex Network is a good cryptocurrency to buy at just $0.0015. Analysts forecast the value of the token will increase by 1,000% before the end of this year.
The revenue-sharing business model has not only placed Lunex Network ahead of other contenders in the crypto space but has attracted the attention of Solana and Ripple investors. With more traders and investors looking into this project, Lunex Network is showing that it is possible to have decentralized ecosystems where everyone benefits.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
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