As Tron (TRX) attempts to compete with Ethereum (ETH), a surprising new competitor has emerged in the background, Lunex Network (LNEX). With its unique cross-chain feature, Lunex Network is set to change the status quo of the crypto exchange market. Experts project that Lunex Network could quietly rise to prominence while Ethereum and Tron battle for dominance in the DeFi market.
Can Tron (TRX) Challenge Major Players?
Tron (TRX) is currently trading at $0.152 in a mildly volatile zone. Over the past 24 hours, it has been trading between $0.15 and $0.153. Due to its high market demands in the decentralized finance sector, Tron didn’t experience low volatility throughout 2024.
Based on technical analysis, TRX moves in an upward pattern as buyers step up buying activity, and the RSI charts reflect bullish signs. Crypto forecasters predict that Tron could reach $0.1760 by the year’s end. Furthermore, some analysts believe that Tron could trump Ethereum and other top altcoins if it continues with the current bullish momentum.
Ethereum (ETH) Long-term Forecast Look Optimistic
Ethereum is currently valued at $2,641 and could bounce back after the bearish trend in Q3. Its price swing has been captured at $2,274, a 30-day low, while the high point stands at $2,765. Some short-term forecasts indicate that Ethereum’s outlook is positive, and its price could exceed $2,750 by the end of September.
However, Ethereum’s long-term prospects are much more optimistic. According to experts, ETH could reach $7,320 by the end of the year if the Proof-of-Stake (PoS) via Ethereum 2.0 contributes to its value, endorsing its further growth.
Lunex Network (LNEX) Simplifies Cross-chain Transactions
Lunex Networks’ cross-chain transaction feature provides more than 50,000 crypto pairs for trading on over 40+ blockchains. Cross-chain transactions on the platform are quick and easy, and users do not have to submit their personal information or use a third-party wallet. Lunex Network has built-in protection on its smart contracts to protect users’ funds even when engaging with liquidity providers.
The Lunex Network focuses on its community by offering staking rewards with an 18% APY to holders of the $LNEX token. This approach and user-friendly and privacy-focused features have attracted many investors.
Lunex Network’s Non-Custodial Wallet allows users to track their portfolios on the same application. It gives users complete power over digital assets, which can be exchanged, transferred, purchased, traded, and staked without needing to pass KYC checks.
Lunex Network also intends to let investors use cryptocurrencies as collateral to obtain short-term loans in fiat or other stablecoins such as USDT. Businesses will also enjoy an interoperable business bridge on Lunex Network to pool liquidity from one blockchain to another at any rate of their choice.
Currently in its first presale stage, LNEX tokens are priced at $0.0012, and experts predict a potential 1,800% rally before the presale concludes. With growing momentum, Lunex is quickly gaining attention from crypto investors as hundreds join the project each week.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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Source: https://www.crypto-news-flash.com/tron-set-to-trump-eth-the-crypto-currency-exchange-status-quo-is-about-to-be-changed-forever-with-this-new-defi-protocol/?utm_source=rss&utm_medium=rss&utm_campaign=tron-set-to-trump-eth-the-crypto-currency-exchange-status-quo-is-about-to-be-changed-forever-with-this-new-defi-protocol