As investors grow weary of volatile price swings in established cryptocurrencies like Cardano (ADA) and Solana (SOL), Lunex Network is rapidly gaining traction as a promising alternative.
By offering stable crypto rewards with an impressive APY, Lunex Network is attracting both seasoned and new investors seeking security and profitability in the DeFi space.
Let’s explore why you should capitalize on this burgeoning investment opportunity!
Lunex Network Makes Crypto Millionaires Through DeFi Revolution
Coming out as a multi-chain DEX, Lunex Network (LNEX) has all the possibilities of changing the game for DeFi. Every day, users leave centralized exchanges because of the limitation of assets, and Lunex Network is tackling this directly, offering more than 50,000 multi-chain currency pairs to their users.
By using an automated market maker (AMM) mechanism, Lunex Network will ensure all of the trading gets matched against the liquidity pool, not traditional order books. As a reward, investors can receive millions of dollars in revenue through trading fees and cashback, in return for providing the needed liquidity and obtaining LP tokens.
Additionally, staking the $LNEX will yield passive income as high as 18% APY. The Lunex Network ensures users stay in control of their assets while ensuring a secure and private setting sans any intermediaries. Rewards for liquidity providers can also be enhanced through trading fees and cashback in native tokens like SOL and ADA.
New Cardano Protocol Negatively Impacts ADA Price
Despite the optimism expressed by Cardano (ADA) founder Charles Hoskinson, the ADA token has not matched other leading cryptocurrencies. Since January 2024, several cryptocurrencies have leapt to new heights, yet ADA price declined by 42.12%. In the current greed market, ADA is one of the few to register below 16 green days in the past 30 days.
Over the course of the last 7 days, Cardano (ADA) peaked at $0.367 but quickly fell by 6.29%, continuing its known up-and-down trend. Many new implementations have been ongoing on the ADA network, which Charles stated would massively improve Cardano. However, the Ouroboros Peras protocol has yet to deliver on its promises, with over 85% of ADA addresses currently holding losses.
Solana (SOL) Inflation Prompts Bearish Sentiments
With over $73 billion in market capitalization, Solana (SOL) has established its dominance as a top-five cryptocurrency. However, much remains to be relished about its fundamentals. According to CoinMarketCap, SOL has an infinite maximum supply, putting its inflation rate at a whopping 12.56%.
Despite a 9.8% price increase in the past week, SOL still trades 26.48% below its cycle high. Solana (SOL) has only grown 51% since January 2024, a year that saw many cryptocurrencies reach new heights. Public sentiments also weigh on Solana as the platform faces backlash for the long chain of dApp scams and centralization accusations.
Conclusion
Currently in the third stage of its presale, one LNEX token goes for as low as $0.0015. With the highly anticipated launch, there will be much interest mainly from those searching for secure and user-friendly DeFi. Where else would you want to invest other than a platform that provides crypto rewards for engaging its ecosystem?
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2024/10/lunex-network-drawing-investment-from-ada-and-sol-whales-after-bleak-cardano-and-solana-price-predictions