Chainlink (LINK) and Solana (SOL) Surge as Donald Trump's Presidency Renews ETF Hopes, Lunex Network (LNEX) Presale Shines

Notably, the security watchdog still puts Solana ETF aspirations in limbo. Meanwhile, the Chainlink ecosystem is evolving with a groundbreaking collaboration

The United States Security and Exchange Commission (SEC) has the sole authority to determine whether an exchange-traded fund (ETF) of any kind can be launched. However, recent developments indicate that Solana's ETF aspirations may still be up in the air.

Meanwhile, the Chainlink (LINK) ecosystem is expanding with a groundbreaking collaboration involving SWIFT and UBS Asset Management. This new partnership has sparked positive sentiments as its price experiences a bullish rebound.

Chainlink Network Partners with SWIFT & USB Asset Management to Launch Pilot

In a significant move, SWIFT and USB Asset Management have partnered with the Chainlink network to launch a pilot for settling tokenized fund subscriptions and redemptions. This project, which leverages the SWIFT network, will enable the settlement of cryptocurrency transactions with fiat payment systems. It will involve approximately 11,500 financial companies from over 200 countries.

Essentially, the pilot will utilize technologies from Chainlink and SWIFT to enable direct payment processing. Following this announcement, the price of LINK witnessed a bullish rebound amid a broader market relief rally.

Currently, Chainlink's price has been trading around the $11.69 range, marking a 7.82% uptick in the past 24 hours. Additionally, Chainlink's trading volume also saw an 86% increase in the same period to reach the $519 million milestone.

Notably, Chainlink is the 14th largest cryptocurrency by market capitalization, boasting a market valuation of $7.33 billion. If the broader market maintains the current bullish momentum, the Chainlink token can add significant gains to its value. Experts anticipate more bull runs for the altcoin due to these ongoing upgrades and the diverse use cases that the network introduces each day.

Investors Excited Over Solana ETF In 2025, The Market Reacts

Experts believe that Donald Trump's presidency could lead to changes in cryptocurrency regulations that will benefit the broader market. They view his administration as crypto-friendly, which would likely clear the path for Solana's ETF launch in 2025. Daniel Cheung, the co-founder of Syncracy Capital, has echoed this sentiment.

In a post shared on X, he reiterated that the Republican win could have greater implications for the crypto industry than anticipated. Cheung's sentiments have renewed investor confidence in the SOL token and could be among the reasons why the altcoin is surging.

Regarding Solana ETF approval, the initial signs emerged when Cboe filed its regulatory documents with the SEC in July. The firm aimed to list VanEck's and 21Shares' potential spot Solana exchange-traded funds. They believe that Solana coin appears well-positioned to be the next crypto ETF.

With Trump's administration, Solana could be viewed as a token, not a security, making its SOL ETF approval imminent. In the past 24 hours, Solana's trading volume has spiked by 206% to $9.19 billion, with its market capitalization jumping to $87.53 billion. This sizable market share has placed the SOL coin as the fourth largest cryptocurrency, following Bitcoin, Ethereum, and Tether.

Freshest Altcoin with Promising OutlookWhile Solana and Chainlink remain the strongest contenders on the blockchain, they aren't the only ones doing big things in Q4. Several newer altcoins look promising right now, including presale tokens like the Lunex Network (LNEX), which has generated massive interest and has raised a staggering $2 million in less than a month indicating it’s popularity as the markets leading ICO!

Lunex Network is building a robust ecosystem with a next-generation Web3 DeFi trading exchange that would enable anonymous, seamless trading and swapping of cryptocurrencies across multiple blockchains. So far, Lunex is selling at $0.0019 at presale. Its ongoing presale won't last much longer, so investors should capitalize on this low entry point before the price soars.

Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!

Website: Lunex Network

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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

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