Lunex Network is an upcoming entry in the DeFi landscape that could redefine decentralized exchanges forever. Analysts believe that Lunex (LNEX) could overtake both Ripple (XRP) and Toncoin (TON) in terms of Q4 returns, as both projects are suffering amid the turbulent market climate.
Lunex sets itself apart with its groundbreaking framework and as the ongoing presale is ramping up, investors are paying more and more attention.
Ripple Continues To Stall
Ripple is still ranging with XRP fluctuating between $0.51 and $0.58. Currently, Ripple is priced at $0.57, showing a 2.1% intraday decrease. The $0.60 level has turned into a resistance and Ripple can’t seem to surge past it.
Despite the bearish scenario, Ripple continues to attract institutional attention with Grayscale launching an XRP trust, offering accredited investors exposure to Ripple. Moreover, Ripple is also set to launch RLUSD, its native stablecoin, which will further expand the ecosystem’s reach and cement Ripple’s position as a crypto behemoth.
Toncoin Reclaims Key Level, But Still Far From Local Peak
Toncoin’s price action took a massive hit in the wake of Telegram CEO Pavel Durov’s arrest. Today, TON sells for $5.54, with an 18.7% monthly drop. Toncoin seems to be moving in an ascending channel after a swift recovery from the $4.6 bottom, but at this current mark, bulls are facing severe resistance.
Toncoin has teamed up with Curve Finance to launch a TON-based stable swap project with the goal of optimizing stablecoin trading. Moreover, Toncoin has received a massive $30 million investment from Bitget and Foresight to increase their involvement in the project’s governance. The main aim of this investment is Toncoin’s booming Telegram-based gaming portfolio, featuring major projects like Notcoin and Hamster Kombat.
The Lunex Moon Mission Is Ready For Launch
Lunex is set to revolutionize the decentralized exchange framework. The project is designed to boost the connection between isolated blockchains and bring them to a single exchange with more than 50,000 tradeable assets. The platform is currently in development, and once operational it will bring significant disruption to the space. This means instant swaps across various blockchains such as Ethereum, Tron, Solana, and more.
All this without the need for users to provide any sensitive data. No KYC is required to access the platform, and no third-party wallet either. Users can simply request the currency pair they want to swap, and provide a crypto address.
This ensures a frictionless trading experience, greatly reducing both waiting times and fees.
The platform offers a branded DeFi wallet and a portfolio tracking service, allowing users to manage their funds easily. In addition, seasoned investors will have the option to access Lunex Pro, a subscription service offering a series of advanced features and tools.
Lunex also guarantees a passive income stream for the holders of the $LNEX token. A percentage of the platform’s profits will be redistributed to holders who will earn up to 18% APY.
Lunex is currently in the first stage of its presale, with $LNEX tokens selling at $0.0012. Half the total $LNEX supply will be sold throughout the presale, during which the token value is expected to soar a massive 18x. Post-launch, analysts anticipate a massive 50x rally, offering huge returns for early investors. Join the exchange revolution before prices soar!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Source: https://blockchainreporter.net/ripple-and-toncoin-struggle-as-lunex-network-captures-the-eyes-of-the-crypto-market/