As the final quarter of 2024 unfolds, analysts have identified three prominent altcoins that are expected to experience substantial gains: Chainlink (LINK), Ripple (XRP), and Lunex Network. It is predicted that their prices will soar to previous highs in the upcoming weeks.
Renowned analyst SatoshiFlipper has informed his followers that the price of Chainlink (LINK) could rally to $13. XRPrincipal, on the other hand, forecasts that Ripple (XRP) might reach $0.7429. Meanwhile, Lunex Network (LNEX) is projected to experience a staggering 500% increase in value during the fourth quarter.
The M^0 Foundation has recently integrated Chainlink’s (LINK) Proof of Reserve’s Secure Mint feature to enhance the security and transparency of its decentralized stablecoin, M. By incorporating the Proof of Reserve into the minting function of M, M^0 can effectively prevent infinite mint attacks orchestrated by malicious actors.
In related news, the monthly timeframe on CoinMarketCap suggests that the Chainlink coin is currently valued between $10.5 and $11.75. However, the cryptocurrency has failed to surpass the resistance at the upper level in order to regain the $12 region. Despite this, the VWMA (10) indicator is currently bullish and supports the possibility of an upward movement in the coming weeks, especially if buying momentum increases. Analyst SatoshiFlipper believes that the price of Chainlink could rise to $13 in the near future.
Bitwise has submitted an updated filing with the SEC regarding its Ripple (XRP) ETF, providing additional details on how it plans to safeguard the assets backing the ETF. According to the S-1 document, Coinbase Custody will be responsible for holding the assets. The majority of the assets will be stored in cold wallets, with exceptions made only when necessary for transactions or costs. Coinbase Custody will store Bitwise’s Ripple XRP in cold storage in collaboration with institutional clients, ensuring the assets are kept separate from Coinbase’s funds. This division serves to prevent unauthorized access or theft of the investors’ assets. While the community awaits the securities regulator’s decision, the Ripple coin has seen gains on the weekly and biweekly charts on CoinMarketCap. The VWMA (10) indicator for Ripple (XRP) has turned bullish, indicating a buy signal. XRPrincipal suggests that the Ripple price could potentially surge to $0.7429 if it surpasses the resistance at $0.6649.
Lunex Network (LNEX) stands out among its competitors due to its multi-chain support. Unlike other decentralized exchanges that operate solely on one blockchain platform, such as Uniswap on Ethereum or PancakeSwap on Binance Smart Chain, Lunex Network supports multiple blockchains. This approach allows users to trade thousands of cryptocurrencies without the need to switch between different platforms for cross-chain operations, while also minimizing transaction costs. LNEX token holders on Lunex Network receive various benefits, including fee discounts, purchase rebates, platform rewards, and the opportunity to stake their tokens for passive income. Staking LNEX tokens offers users a way to increase their returns and also grants them a share of the platform’s revenue. With its cross-chain functionality and numerous perks for users, Lunex Network is poised to provide convenience and added value. Currently in the fourth stage of the presale, one LNEX token is priced at $0.0017. Experts recommend considering LNEX as a promising cryptocurrency to invest in, with a projected 500% increase in value during the fourth quarter.
In conclusion, Chainlink (LINK), Ripple (XRP), and Lunex Network are the top altcoins to consider for investors seeking significant profits in the fourth quarter of 2024. These coins offer both stability and growth potential, making them ideal choices to conclude the year on a high note.