Crash

Paul Atkins

Solana

Diamond Hands

Solana Crash

Mini-dumps and sporadic corrections are commonplace within cryptocurrency, though new money can often be scared away from crypto’s rampant volatility. 
Bitcoin has dumped slightly below $100,000, and alt-coins are in the red across the board in mid-December. Lunex Network is holding strong and primed for growth as money inevitably flows downwards to low market gems with innovative utility. Read on to learn more about <a href="https://lunexnetwork.com/?utm_source=ethnews&amp;utm_medium=en&amp;utm_campaign=12&amp;utm_content=16&amp;utm_term=btclnexsol">Lunex Network’s</a> incredible potential. 
Diamond Hands Unperturbed By Bitcoin FUD Following Mass Liquidations And Profit-Taking 
Bitcoin’s recent rally to an all-time high of $104,088 was short-lived, as Bitcoin dipped a week later amid widespread profit-taking by long term holders. This sell-off led to $1.7 billion in BTC liquidations, with the bulk coming from overleveraged long positions. However, the long-term outlook remains bullish for Bitcoin as institutional demand, exemplified by $2.77 billion in BTC ETF inflows last week, continues to rise, cementing Bitcoin’s position as “digital gold” seven months following from the Bitcoin halving in April. 
Still, other uncertainties have plagued Bitcoin this week, including Google’s quantum computing breakthrough, Willow, which has raised concerns about Bitcoin’s cryptographic security. Years away from posing a real threat, this nevertheless underscores the need for quantum-resistant blockchain developments.&nbsp; 
Incoming lower interest rates and increasing adoption by corporate giants like Amazon and Microsoft could provide a favorable environment for Bitcoin’s further growth, and Bitcoin Maxxies are unperturbed by short-term FUD.&nbsp; 
Regulatory Hurdles Unlikely To Harm Solana Under Trump’s Pro-Crypto Administration 
Solana’s meteoric rise in Q4 has solidified its position as a major player in the crypto space, with Solana reaching a new all time high at $263. However, due to the current constraints of the market, Solana recently experienced a mini-dump, falling alongside broader bearish market conditions. This triggered profit-taking across altcoins such as Solana, though many analysts believe this shakeout will be short-lived as paper hands desert the market. 
Adding to the turbulence, Solana ETFs face regulatory hurdles, with reports indicating that the SEC will likely reject pending applications under the current Chair Gary Gensler. This move highlights the potential ongoing regulatory challenges Solana will face, as Solana’s most popular decentralized application, “pump.fun” received a ban in the UK last week. Still, the impending arrival of pro-crypto SEC Chair Paul Atkins has sparked optimism for Solana, with sparse projections that Solana will become the primary layer-1 over Ethereum this bull run 
Get In With The Smart Money: Why Lunex Network Is Becoming A Favourite Amongst Big Buyers 
Lunex Network is making waves during Bitcoin’s record-breaking bull run, standing out as a premier presale investment with enormous upside for early adopters. 
The platform’s simplicity and user privacy set it apart. By forgoing KYC requirements and eliminating the need for wallets like MetaMask and PhantomWallet, Lunex delivers a straightforward, private swapping experience. Its advanced smart contract technology ensures lightning-fast transactions across all supported cryptocurrencies. 
With support for over 50,000 tokens, including behemoths like Bitcoin and Solana and other more niche assets, Lunex Network’s cross-chain compatibility is leading the way in decentralized exchanges. 
The platform’s innovative revenue-sharing model enhances investor appeal. Profits are used to buy back LNEX tokens, with stakers earning up to 18% APY while the rest is burned, maintaining price stability and scarcity. 
At just $0.0044, Lunex Network presents a rare opportunity for early investors to capitalize on potential 20x gains in early 2025. 
You can find more information about Lunex Network (LNEX) here: 
Website: <a href="https://lunexnetwork.com/?utm_source=ethnews&amp;utm_medium=en&amp;utm_campaign=12&amp;utm_content=16&amp;utm_term=btclnexsol">https://lunexnetwork.com</a> 
Socials: <a href="https://linktr.ee/lunexnetwork?utm_source=cnl&amp;utm_medium=en&amp;utm_campaign=10&amp;utm_content=01&amp;utm_term=btcethxrp">https://linktr.ee/lunexnetwork</a> 
The post <a href="https://www.ethnews.com/bitcoin-profit-taking-triggers-a-solana-crash-but-lunex-network-remains-stable/">Bitcoin Profit Taking Triggers A Solana Crash But Lunex Network Remains Stable</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Bitcoin Profit Taking Triggers A Solana Crash But Lunex Network Remains Stable

ETHNews

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