Since late October, the crypto market has shown signs of revival, with renewed activity around cryptocurrencies such as Solana and Ripple, which are advancing new initiatives.

Solana Foundation Announces Historical Verification Tool

The Solana Foundation has announced $275K in funding for the development of a historical data verification tool on its blockchain platform. The tool aims to improve data reliability and integrity. Proposals are open until November 15. Solana has also reached a critical milestone with its total value locked (TVL) exceeding $6 billion for the first time in three years. Solana's price has also crossed the $150 mark. The Hull Moving Average currently shows a buy signal, indicating potential further growth.

Ripple Mints 4.5M RLUSD

Ripple has minted 4.5 million RLUSD stablecoins in the past day. The new coins were distributed to two unknown wallets and are part of testing efforts ahead of the anticipated stablecoin launch. XRP shows price activity with a 3% increase over the week, despite ongoing legal battles with the SEC. However, the Hull Moving Average indicates a sell signal, pointing to a possible price drop.

Lunex Network's Revenue Sharing Model

Lunex Network has introduced an innovative revenue-sharing model for its users. This decentralized platform allows users to trade tokens at low costs. The model enables LNEX token holders to receive a portion of the platform's collected fees. The program aims to position Lunex as a leading non-custodial exchange benefiting the community. The token is anticipated to see significant value increase, with analysts predicting a 1,000% growth by year's end.

The crypto market is experiencing positive momentum due to new initiatives by Solana and Ripple, and investor interest in the Lunex platform. These moves may contribute to further growth and strengthening positions in the market.