Coinbase has announced a new partnership with Visa to compete with latest market trends but KuCoin is facing a massive lawsuit worth $50 million against FTX Exchange. Newcomer Lunex Network is also making waves in the market by raising more than $1.5 million during its viral presale.
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Coinbase Brings Visa’s Direct Network to Crypto World
Coinbase is teaming up with the Visa Direct Network to streamline the funding process on its cryptocurrency exchange. With this new partnership, Coinbase users can use Visa’s debit cards to transfer funds to their accounts and purchase new tokens. Since Visa’s direct network works at lightning fast speeds, Coinbase users can cut down traditional wait times and make crypto purchases instantly.
Although this collaboration brings innovation to Coinbase’s exchange, the platform is still failing to attract investors due to high competition. Despite Coinbase’s attempt to offer more access to digital assets in the real world, the platform is falling behind newcomers like Lunex Network that are already offering multichain trading capabilities.
KuCoin (KCS) Faces Lawsuit Worth $50 Million by FTX Exchange
KuCoin is facing a massive lawsuit from FTX Exchange that is worth $50 million in locked assets. According to the filing, KuCoin has frozen FTX Exchange’s assets ever since FTX declared bankruptcy. Despite this legal trouble, KuCoin’s native token is still flashing strong buy signals on the KCS/USDT daily chart.
KuCoin Token is currently trading for $9.31 after an intra-day increase of 0.92%. KuCoin’s volume has decreased by 26.26% over the last 24 hours which typically suggests a decline in network activity. If KuCoin loses the lawsuit against FTX Exchange in the next few weeks, KuCoin’s price could crash to the critical $7.93 pivot.
Lunex Network (LNEX) Poised for 100x Rally After Hinting at Institutional Partnership
Lunex Network is experiencing explosive growth as the platform has already raised more than $1.5 million in presale. If that wasn’t enough, then Lunex Network is also hinting at big institutional partnerships that are expected within the next few weeks. Given Lunex Network’s skyrocketing demand, analysts are projecting up to 1,800% ROI for LNEX’s early investors by the end of the token’s presale stages.
The reason why traders are rushing to invest in Lunex Network’s presale is the platform’s unmatched trading capabilities. Aside from offering cross-chain interoperability, Lunex Network has also integrated smart contracts on its ecosystem that source liquidity from multiple networks and offer the lowest possible cost to traders. By using smart contracts, Lunex Network is also eliminating the need for automated market makers and allows traders to track their digital assets in the most transparent way.
Since Lunex Network’s circulating supply is capped at 8 billion tokens, analysts expect LNEX’s price to explode as soon as demand exceeds the limited supply. All merchant listings and transaction fees on Lunex Network’s exchange are paid using LNEX which means there will always be natural buying pressure for LNEX that keeps the price highly deflationary.
Lunex Network has just entered the fifth stage of presale with tokens selling for a low price of only $0.0019 each. Since Lunex Network’s previous presale stages were sold out in record time, analysts are already tipping at another demand-induced price surge for LNEX within the next few days. If this momentum extends until the end of Q4’s bull market, Lunex Network is expected to become the next 100x token by 2025.
You can find more information about Lunex (LNEX) Network here:
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