The post Bitcoin ETF inflows Increased Last Week; Lunex Network and Kaspa Price Predictions appeared first on Coinpedia Fintech News
After the summer cooling season, Bitcoin ETF inflows increased again last week leading many to speculate the bull market was back among us. The most successful ETF launch in history, Bitcoin has grabbed the attention of institutional investors who desperately need to diversify their portfolios.
This of course trickles and then pours into the altcoin space, and will be bullish for the most useful alts. Kaspa is one of them, and in this article, we’ll look at the potential of KAS, and give a Kaspa price prediction. We’ll also look at the new DeFi platform Lunex Network, and see why analysts are so bullish on this potential hundred-bagger (100x).Â
Bitcoin ETF inflows on the up again
Ten years after the first Bitcoin ETF application by the Winklevoss twins was made, we finally got not just one, but nine new Bitcoin ETFs. They launched in January this year and have been the most successful ETFs in history, with Blockrock’s Bitcoin ETF holding almost $27B alone.
As is historically typical after the Bitcoin halving, a cool-off happened, and inflows were up and down. However, after news of the Federal Reserve’s rate cuts, money has been flooding in due to institutional demand for more Bitcoin ETF exposure.
Kapsa price prediction: New all-time high by EOY
Launched at the bottom of the bear market in June 2022, Kaspa is a high-throughput blockchain, designed similarly to the ill-fated IOTA. Since reaching its all-time high (ATH) of $0.20 in August, the KAS price has dropped 25%, which has mirrored the overall market.
However, Kaspa’s growing developer interest makes it a promising project, and by the end of the year, our Kaspa price prediction of $0.22 looks more conservative the more you look at its setup.
Analysts are bullish on Lunex Network
DeFi is finally getting a platform upgrade thanks to Lunex Network’s hybrid, user-friendly multichain decentralized exchange. This new innovative platform enables fast, secure, and non-custodial cross-chain asset transfers.
The Lunex Network platform supports over 50,000 cryptocurrencies, and provides seamless trading across a whole host of different blockchains, finally bringing to the table a decentralized exchange that can rival traditional centralized competitors.
Lunex Network’s use of smart contracts ensures full transparency for its users, removing any fear of rogue insider trading that has plagued the DeFi and traditional crypto exchanges. It gets better because the non-custodial structure of Lunex Network allows users to maintain total control over their private keys, adding not just a layer of security but also giving autonomy where it’s most needed.
One of Lunex Network’s standout features is its deep liquidity pools, ensuring high-speed transactions with zero slippage. The liquidity is provided by the network of investors, with rewards coming as a share of the transaction fees. Staking is also available, so users can double down on passive income opportunities.Â
Lunex Network is only in stage 2 of its presale, but it’s already gaining traction in the cryptosphere. Analysts have been bullish about Lunex’s price potential since the announcement. Some experts predict it to be the next crypto to 100x. So long as the Bitcoin ETF inflows keep flowing into the crypto ecosystem, the bull run will continue, and the biggest returns will be found in the likes of Lunex Network.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
