dYdX soars 30% after Trump’s crypto pick: Lunex and Avalanche eye institutional flow DYDX surged 30% following the news. Lunex and AVAX also showed promise in their growth momentum, with Lunex notably achieving significant presale success
Donald Trump recently announced the appointment of Paul Atkins as the new SEC Chair and David Sacks as “his (Trump’s) White House AI and crypto czar.”#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
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Considering both have a mild-to-strong positive stance on crypto, many are calling them Trump’s crypto appointments.
“He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.," Trump said in a post on his social-media site Truth Social. Trump did not clarify whether "czar" was an official title.
The market has reacted to the appointment, with DYDX gaining 30% while Lunex and Avalanche (AVAX) maintaining their growth momentum. AVAX price is also expected to soar in the coming days while Lunex nears its $0.01 target.
Lunex network: The game-changing hybrid Defi token
With its superior security, zero slippage trading, and user-friendly design, Lunex stands out in the decentralised finance (DeFi) market as a multi-chain decentralised exchange. The platform also addresses pressing concerns such as excessive fees and insufficient liquidity by integrating many blockchains into a unified system. With access to over 50,000 tokens, Lunex optimises trade across many exchanges, with ease of cross-chain transactions.
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Thanks to its smart contract-backed aggregator, Lunex distributes transactions over various DEX without compromising on user experience, a feature attractive to users seeking passive income.
Lunex’s attractive revenue-sharing feature further enhances this. Investors may earn up to 18% annual percentage yields (APY) by staking $LNEX tokens during the presale. Its burn and stake mechanism also allocates 40% staking opportunities to users, with 60% burnt to create scarcity and increase Lunex’s value.
Lunex has raised an astounding $5.4 million, and over 2.3 billion tokens have already been sold. According to experts, Lunex’s launch will be an explosion.
dYdX explodes over 30% within hours of Trump's crypto announcement
In the hours after US President-elect Donald Trump's crypto-influenced appointment of Paul Atkins as the SEC chair and David Sacks as the White House AI and crypto czar, the price of DYDX surged 30%, going as high as $2.40. DYDX trades below $2.35, a 49% decline from its ATH of $4.53. According to Coinmarketcap, DYDX’s trading volume has surged by 49% to $245 million, while its market cap soared to $1.49 billion. This DYDX price change increased its price by 37.85% for the week and 95.43% for the month.Craft Ventures, Sacks' venture capital business, invested heavily in DYDX, boosting the crypto. Investors' extreme optimism, prompted by the newly appointed crypto czar's association with the coin, has been the primary factor in DYDX’s recent rise.
DYDX’s gain reflects the market's emotions about Trump's crypto appointment and possible future effects on the crypto ecosystem.
AVAX might need Sacks’ boost to spur bullish run
Avalanche (AVAX) is a Layer-1 blockchain that processes transactions quickly (about 4500 per second), has cheap fees, and is environmentally sustainable. AVAX’s transaction time is less than two seconds, and its consensus technique has the best combinations.Transactions and smart contracts are only two of the many processes AVAX manages. Allowing AVAX users to start customisable subnets may enhance the network's efficiency.
As an AVAX holder, you may pay for transactions stake to keep the network secure and run many subnets using the native currency.
Due to its efficient technology and excellent usefulness, opportunities abound for AVAX’s price to spike in the present market bull run. While Trump's crypto appointment boosts established cryptos such as AVAX, which is still 66% from its ATH, Lunex’s explosive presale shows it will keep gaining regardless.
You can find more information about Lunex Network (LNEX) here:
Website: https://Lunexnetwork.com
Socials: https://linktr.ee/Lunexnetwork
Advertiser name : alex carry
Advertiser email : [email protected]
Advertiser phone : (662) 224-8180
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This story originally appeared on: India Times - Author:Faqs of Insurances
