Bitwise Files For Spot Ripple (XRP) ETFs; This Positivity Could Impact Other DeFi Coins Like UNI and LNEX

Just recently, the largest crypto index fund manager, Bitwise, filed an application to spot Ripple ETFs— a move that is poised to drive positive sentiments concerning the growth of other cryptocurrencies in the DeFi market.

While Ripple (XRP) already stands a chance of elevating if its spot ETFs gains approval, experts also think crypto gems like Uniswap (UNI) and the latest Lunex Network (LNEX) that has gained a prediction of about 1800% growth for its native $LNEX token. Let’s discuss the potential of these coins alongside Ripple’s fate.

Lunex Network (LNEX) is a fully-decentralized and community-backed platform designed to connect isolated blockchains while allowing users to swap over 50,000 cryptocurrencies with a low cost, across multiple chains. However, more of the attention the platform is experiencing in its presale is attributed to its fully anonymous, non-custodial, and KYC-free network where users don’t need any of their personal details.

This rising DeFi protocol offers a unique revenue-sharing model where token holders of $LNEX receive a portion of the project’s profits. By staking LNEX tokens, holders enjoy up to 18% APY in passive income and also benefit from its buyback and burn mechanism which automatically drives the price of LNEX hugger. Aside from this, users of Lunex Network enjoy exclusive cashback rewards, discounted fees, and access to advanced liquidity mining features.

Meanwhile, swapping cryptocurrencies is not the only practical feature that Lunex Network brings. Lunex network also offers a diverse range of DeFi services, including a mobile exchange, crypto wallet, portfolio tracker, and a B2B payment gateway for businesses. This payment gateway particularly allows businesses to accept cryptocurrencies and automatically convert them into fiat.

With plans to launch after it concludes its presale, Lunex Network is already topping analyst lists of top DeFi presale coins of the year. Predicted to rally up 18x by the end of its presale, its native token is currently selling for $0.0013 in its second ongoing presale stage. The token has pulled in over $600k so far, however, considering its extensive DeFi trading tools, Lunex Network may round up over $1.5 million by the end of the month.

In light of the Bitwise, one of the largest institutional crypto asset managers, filing for spot Ripple ETFs, Ripple holders are once again optimistic about Ripple price leaving its current stagnant position. Part of the optimism around ETFs for Ripple coin (XRP) stems from its CEO’s positivity on an ETF development.

At the moment, the price of Ripple coin is still reflecting a whopping 84.65% loss from its ATH. Despite a 6.39% rise in the past month, Ripple price is still struggling in its long-consolidating range around $0.4 to $0.7. However, with spot ETFs potentially launching for Ripple, the native XRP token may regain a bullish position.

After falling from its highest peak around $15 this year, Uniswap (UNI) token has settled in a current weekly range of $6.74 to $7.84. In spite of this, Uniswap token holders believe the token is not done with its bullish trend this year.

With an 18.45% rise in the past month. Uniswap token is gradually rising again and indicating its potential to surpass the peak price it attained this year. Its surging network volume which just pumped up by 36.87% is also a catalyst for Uniswap price to meet up with its bullish predictions this year.

Following analyst prediction of a 1800% rise before it concludes its presale, Lunex Network is poised to rank among the highest crypto gainers this year. However, its eye-catching DeFi market features will also have a role to play in this.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.