Ethereum has been striving to bridge the performance gap with rivals like Solana and XRP, which have captured significant market attention with faster transactions and unique use cases. Ethereum whales are closely monitoring emerging opportunities to diversify their portfolios amid this competition. Most noteworthy is Lunex Network, a multi-chain project that has received over $3.6 million in ICO funding.
Ethereum Surges to Five-Month High as Profitability Hits Record Levels
Ethereum's performance revived investor optimism with a five-month high of $3,687 within the past 24 hours before slightly retreating. This rally marks the second phase of Ethereum’s bull run, as confirmed by CryptoQuant.
Profitability levels are now at a remarkable high, with 90.8% of ETH holders in the green—a level not seen since June. Meanwhile, the remaining 9.2% of holders control just 2.8% of Ethereum’s total supply, minimizing potential sell pressure on the market.
Interestingly, data from IntoTheBlock reveals that the unprofitable ETH was mostly purchased between $3,624 and $4,169, with 3.95 million ETH worth $14.33 billion held by 11.42 million wallets. For Ethereum to fully absorb this range, it would require a significant 33% price increase from current levels.
On the flip side, profitable holders dominate the scene, commanding 134.69 million ETH, valued at an impressive $488.21 billion, spread across 115.22 million addresses. This highlights Ethereum’s growing resilience and its continued appeal among both retail and institutional investors. Analysts predict that ETH could reach $4,500 before the year ends if the bulls continue to dominate.
Solana Eyes $300: Rising TVL and Bullish Sentiment Drive Recovery
Solana rallied 8% from a low of $222 on Nov. 26 to $237.98 by Nov. 27 following a sharp correction from its all-time high of $263.80. Although Solana posted a modest 1% weekly increase, wider altcoin market capitalization gained 12% in the same period. Solana's strong fundamentals are also notable as its Total Value Locked (TVL) has increased by 48% in the last 30 days compared with BNB Chain's 14% and Tron's 13%.
Solana's blockchain also has led the meme coin trading market, with tokens like BONK and POPCAT fueling speculative trading volumes. This recovery, combined with rising TVL and bullish sentiment in futures markets, paints a promising picture for Solana. While challenges such as reliance on meme coin activity remain, Solana’s expanding ecosystem and market optimism could pave the way for a push toward $300, particularly if broader crypto market conditions stay favorable.
Ripple Whale Moves $27.2M as XRP Eyes Massive Price Surge
A whale transaction for 18.78 million XRP worth $27.2 million has been transferred from Binance. This comes as Ripple strengthens its position in its legal fight against the SEC and XRP's rally hits a 200% run to a year-end high of $1.62. Ripple's collaboration with Archax to launch an XRP Ledger tokenized fund and the upcoming RUSD stablecoin shows its evolving ecosystem and a rising investor appeal in the XRP project.
Despite pulling back to $1.45, XRP is up 30% in the last week and analysts project a surge to $13 with Elliott Wave projections. Ripple's leadership remains optimistic that its legal fight with the SEC will be advantageous, and momentum is building around XRP's long-term potential.
Lunex Network ($LNEX): Revolutionizing Crypto Trading with Low Fees and Big Potential
Lunex Network (LNEX) is a crypto exchange whose presale is an uplifting alternative to conventional exchanges plagued by very high fees and inefficiencies. Developed for traders searching for maximum profit, Lunex Network charges low transaction fees, keeping earnings from being consumed by costs.
What sets Lunex Network apart is its interoperability. Traders can seamlessly swap across over 50,000 assets, enjoying consistent fees regardless of market demand or trade size. For advanced users, Lunex Pro provides an arsenal of tools, including live market data, customizable trading strategies, and faster execution speeds. These features are created for large-volume traders who demand efficiency and accuracy to manage their portfolios.
The native token for the Lunex Network platform is $LNEX. Lunex Network's features include a strong revenue-sharing model that distributes a significant amount of the platform's earnings to token owners. This offers both immediate gains and long-term value making $LNEX a tempting investment option.
This streamlined approach has already seen considerable attention, with investors rushing for $LNEX tokens at the affordable $0.0033 entry price during the presale. With industry experts expecting 1800% growth by the end of Q1 2025, Lunex Network is emerging as a standout asset poised for breakout success.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
