Litecoin faces bearish signals amidst ETF approval hype, Solana outperforms Ethereum in DeFi activity, while Lunex Network increases by 425%, drawing investor attention.
Litecoin's Bearish Trend Amid ETF Speculation
Litecoin could become the third cryptocurrency to have a US ETF. As the SEC reviews Canary Capital's application, experts believe Litecoin's 'commodity' status will aid in approval. Despite optimistic speculations, Litecoin's trading has turned bearish. Currently, Litecoin is priced at $129.84, following a 4.2% intraday decline. Trading volume rose to $1.54 billion, suggesting a potential sell-off.
Solana Outshines Ethereum in DeFi Activity
Solana experienced a sharp decline in February, but analysts expect a price recovery in March. Solana is gradually becoming a DeFi hub thanks to the widespread adoption of meme coins. Despite bearish prices, Solana recorded a DEX volume of $258 billion in January, which is 300% higher than Ethereum. SOL-based investment products are gaining popularity, indicating high investor confidence.
Lunex Network Simplifies Cross-Chain Trading
Lunex Network's DeFi legacy has attracted numerous investors through easy cross-chain operations. Lunex Network offers fast transactions and low fees, supporting over 40 blockchain networks and 50,000+ cryptocurrency pairs. The platform has already achieved significant price growth during its presale, and analysts expect further increases.
While Litecoin and Solana are battling bearish trends, Lunex Network is showing significant growth, attracting investors and simplifying cross-chain operations in the DeFi sector.
