Utility-based cryptos have largely been usurped by memes and speculated hype-based prospects in 2024. As hype for crypto surges amid Donald Trump’s triumphant election win, Kaspa and Monero are struggling in Q4, reflecting the plight of truly innovative cryptos as the bull run looms closer. Read on to learn more.
The Irrefutable Kaspa Succumbs To Bearish Sentiment In Q4
Kaspa has long been one of the most hyped cryptos of the year, with its impressive BlockDAG technology and proof-of-work consensus that arguably solves the trilemma. Despite this, Kaspa’s lack of tier-1 listings and overall underperformance throughout the year in terms of price have stoked concerns, leading to sell-offs and FUD.
Kaspa is down 18% for the month, with an extra 5% decline in 24 hours. Some analysts have noted Kaspa’s tendency to rise against the market tides, predicting that It could surge over the next market crash.
Other analysts have identified certain technical indicators indicating a demonstrable crash for Kaspa as Q4 progresses. Fundamentally, Kaspa remains one of the most promising projects in the space, though experts urge Kaspa team members to get their act together in time for the bull run.
Monero Braces For The Next Leg Up Despite Rampant Suppression
Monero is another fundamentally sound cryptocurrency that’s been suppressed because of its powerful privacy and security technology. Experts believe that Monero’s suppression is due to its use case for criminal activity, with Monero delistings becoming more frequent.
As of the second week of November, Monero is up 5%, reflecting its longevity despite its suppression. Analysts have identified Monero’s key resistance zone at $166 as one to watch, as Monero could fly in the bull run if it superseded this price point.
Monero recently partnered with Unstoppable Domains and Cake Wallet to launch its domain. (.xmr) This is bound to improve the user experience for Monero adopters and propagate the privacy Monero is famous for.
However, it’s impossible to ignore Monero’s lack of lucrative potential, especially in this cycle’s ongoing meme craze. Utility gems are diminishing in hype, and as Monero loses accessibility by a large contingent of investors, many pundits believe it is unlikely to amass much more than a 2-5x in the bull run.
Savvy Investors Are Rushing To Lunex Network Before A Potential 1800% Rally
Lunex Network uniquely combines the massive hype potential of DEX’s with solid, never-seen-before utility. This is why analysts believe it could potentially achieve an 1800% surge as soon as December.
The revenue-sharing model of Lunex Network is a significant attraction. The platform conducts token buybacks from the open market, redistributing half to token holders and allocating the other half to staking rewards. Offering an 18% APY, this model incentivizes long-term holding and strengthens the platform’s durability.
In addition, Lunex Network enhances the trading experience by eliminating the requirement for external wallets such as MetaMask or PhantomWallet. Users simply select the desired cryptocurrency, enter the receiving wallet address, and finalize the transaction in seconds using the platform’s specialized smart contract technology.
At $0.002 during its seventh presale phase, LNEX has been touted as a “bargain buy.” Before the next price increase, investors are urged to act fast in anticipation of the eighth presale stage.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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