828k Bitcoin sold in a month as experts predict Bull Run. Ton and Lunex Network are just getting started

Bitcoin's recent 828k sell-off marks a major market move as prices surge toward $100k, while Toncoin struggles to catch up amid market uncertainties. Meanwhile, the new altcoin Lunex Network emerges as a game-changer, combining decentralized efficiency with centralized liquidity for seamless crypto trading.

Indiatimes OnlineUpdated: Dec 20, 2024, 17:48 IST
3 min read
Lunex Network
Lunex Network

Binance reports that over 828,000 Bitcoin have been sold in a month, marking the largest sell-off since April. This significant liquidation coincided with BitcoinĄ¯s price surge toward $100,000, suggesting that holders may have been capitalizing on the bull run to secure profits. Toncoin, however, needs to play catch up as the tokens are up a mere 25% in a bull run where 200% and 300% returns are not uncommon. However, maybe Toncoin can still deliver. However, the hot new altcoin Lunex Network is catching headlines for all the right reasons. LetĄ¯s go see how it all stacks up.

Lunex Network (LNEX): Hot new altcoin changes the face of crypto trading

Crypto trading has been awash with challenges since day one. Traders could choose between centralized and decentralized exchanges, each with their own set of advantages and challenges.

Decentralized exchanges are fast, offer unparalleled security, and embody privacy but lack liquidity or large trading pairs. Centralized exchanges are the opposite. They have large liquidity pools and a greater number of trading pairs, but custodial wallets and KYC compromise security and privacy.

This is the problem the hot new altcoin Lunex Network solves. Lunex Network marries the efficiency and privacy of decentralized exchanges with the liquidity pools and cross-chain capacity of centralized ones. Lunex offers traders seamless integration of cross-chain trading across 50,000 trading pairs, all from one well-designed dApp.

Lunex Network is the industry disruptor in crypto trading, and investors are well advised to invest in this hot new altcoin.

Bitcoin (BTC): Bull run madness leads to mass sell-offs. and mass buys.

828,000 Bitcoin were sold in 30 days during November, and fortunately, the $100k price point makes the maths easy: $828,000,000 worth of Bitcoin changed hands. The bad news is a sell-off like that could be responsible for a downward pressure on the price, the good news is institutional investors like Michael Saylor and others are gobbling it up.

On-chain analytics show that there may be an upcoming Bitcoin supply shock as tokens are taken off exchanges and into long-term cold-storage. This can only be good for Bitcoin and crypto overall as this scarcity issue will spike the price ever higher.

Toncoin (TON): Due for a bull run sprint

Pavel DurovĄ¯s arrest in France earlier this year dampened what could have been a fantastic bull run for Toncoin. The coin was well on its way to being the top-performing token for 2024 when French authorities spoiled its fun, and the Toncoin price fell 20% in a day, a situation it has not quite recovered from. While XRP was recording wins of over 300%, Toncoin was plodding along at less than 25%.

Toncoin is due for a resurgence, and while the cryptosphere is positive about DurovĄ¯s acquittal, uncertainty is not great in the market, and Toncoin may be suppressed for a few months yet.

Conclusion

The 828k sell-off may have benefitted the buyers more than the sellers, as Bitcoin is due to reach $150k before the bull run ends. Toncoin, however, has some catching up to do, and any news on Durov is keenly anticipated. But the buy of the season is the hot new altcoin Lunex Network, which takes crypto trading to the next level.

Lunex Network is now available at $0.0044.

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork


Disclaimer: The above sponsored content is non-editorial and has been sourced from a third party. Indiatimes does not guarantee, vouch for or necessarily endorse any of the above content, nor is responsible for it in any manner whatsoever.
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