an overlooked altcoinDespite the recession, it managed to rise by 22%. Here are the details of the blockchain project and the reason for its rise.
LUXO (LYXE); It is an Ethereum virtual machine blockchain that aims to “revolution” the Web3 interactions of brands, creators and users.
LYXE is used to secure decentralized infrastructure, pay transaction fees, staking, and in-block generation.
LYXE, the native token of the LUKSO project, rose from a low of $5.85 to as high as $7.16 in a week. The altcoin has gained over 22% overall. The biggest reason for this rise seems to be that there is a limited amount of time left for the mainnet launch in 2023.
“We are working on the final developments to launch the LUKSO mainnet. We’ve progressed through basically all the technical trials required to launch the mainnet. Soon the mainnet will be fully ready for broadcast.
We are currently completing the ‘Validator Deposit Launchpad’ processes. If users want to be a validator in the LUKSO network, they need to use a tool.”
Koinfinans.com As we have reported, LUKSO is preparing to release another mainnet update on January 22nd.
At the time of writing, LYXE is trading at $6.48. Despite gains this week, LYXE is still down more than 84% from its all-time high of $41.18.