Lunex Network (LNEX) is on the verge of replicating Dogecoin’s historic 19,000% rise, while Avalanche (AVAX) sees a boost as Franklin Templeton’s $420M money market funds flow into its ecosystem.
The price of Dogecoin (DOGE) reflects a staggering 19,400% rise from the starting price of the canine-themed meme coin. This shows how impressively Dogecoin has grown over the years, with many investors looking for another cryptocurrency that could potentially mirror this growth and possibly surpass it.
On this backdrop, Lunex Network (LNEX) has been spotlighted for its potential for exponential gains, with analysts predicting altcoin to see an 19x growth by launch. Even as Avalanche (AVAX) pulls in more interest with the latest Franklin Templeton’s $420M money market fund on its network, Lunex Network is still attracting more attention. Here is why!
Lunex Network Embodies DeFi Full Capabilities And Fills Its Shortcomings
Fast-rising DeFi protocol, Lunex Network (LNEX) houses a multi-chain DEX designed to solve most issues involved with swapping cryptocurrencies across on-chain networks. Precisely, the DeFi platform allows users to trade over 50K digital assets in an interconnected exchange without the need for KYC or third-party wallets.
Meanwhile, the network also serves as a destination where developers and businesses can thrive. Aside from its 65+ RPC nodes for free Web3 building. Lunex Network offers a B2B merchant payment gateway that enables businesses accept crypto payments and convert to fiat and vice-versa. Additionally, this new DeFi platform adopts a unique revenue share model that buys back tokens in the open market and redistributes to LNEX token holders.
With additional management tools like a Portfolio Tracker to help users manage their crypto holdings, experts are confident that Lunex Network will reel in massive traction that would allow its mirror an 19,000% rally in no distance time. Interestingly, the native $LNEX token is still selling for $0.0013 in the second presale phase where it has raised over $645K, offering a good entry point for early backers.
Dogecoin Price May Soon Resume Rally To Its ATH
The price of Dogecoin (DOGE) has been nothing short of impressive all through the year. Aside from its steep decline below its peak price of $0.22 this year, the rest of its price trajectory has been endearing up till now, battling fluctuating strongly.
In the wake of a possible bull run which will greatly influence pioneers like Dogecoin, DOGE price will potentially resume a rally to its ATH. However, most of the catalyst behind this prediction is its positive momentum in the past month— a 12.98% increase despite a steep fall from $0.13 to $0.10 as seen on the chart.
Furthermore, Dogecoin token moving averages are pointing towards a buy signal, as seen on TradingView. This indicates that there’s a bullish sentiment currently in control of Dogecoin’s price and that it might see exponential growth very soon.
Avalanche Token Gains Positive Sentiment Due To Franklin Templeton’s Partnership
According to reports, Avalanche (AVAX) has been gaining attention recently as Franklin Templeton, one of the largest investment firms added AVAX token to its blockchain fund. This development also comes after Grayscale Investments launched an Avalanche Trust.
In the midst of this positivity, investors are anticipating Avalanche token to reflect a positive breakthrough in its declining network activity. While Avalanche token has maintained an 11.29% monthly rise, Avalanche is still at its lowest levels awaiting a bullish position.
The recent development of Franklin Templeton’s $420M market money fund now running on Avalanche (AVAX) is poised to influence Avalanche price sooner or later this year especially when institutional investors start making movies again.
Can Lunex Network Double Dogecoin’s All Time Growth Before 2025 Ends?
Considering its extensive DeFi solution to both flawless and efficient cross-chain with an additional service to B2B users, Lunex Network is poised to stay relevant in the next decade as a profitable altcoin. This means the possibility of it surpassing many top altcoins including Dogecoin’s all time growth before the end of 2025 is plausible.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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.
Source: https://bravenewcoin.com/insights/lunex-network-to-mirror-dogecoin-19000-all-time-surge-as-avalanche-welcomes-franklin-templetons-420m-funds