SUI’s Price Slides In The Direction of $2, Holders Making A Quick Exit To Join Hot Presale

After a week of up-only action, many cryptocurrencies are experiencing healthy corrections across the board. Avalanche (AVAX) continues to range, but bullish signals are flashing. Sui (SUI) recently reached a new all-time high but is currently retesting lower levels.

Meanwhile, many investors are rotating profits into the viral Lunex Network presale. The project boasts a revolutionary DeFi platform and its utility token $LNEX is set to explode 100x as the cycle progresses.

Sui Is Retesting Lower Levels, What’s Next?

Sui (SUI) has been in up-only mode since its launch basically and about a week ago, it finally confirmed a new all-time high of $2.34. Selling pressure began mounting and the Sui price retraced to its previous peak. Today, Sui trades at $2.01 with a 3.75% intraday increase.

However, investor interest continues to rise as shown by the 55% surge in volume with over $689 million worth of Sui traded in the last 24 hours. In other news, Sui just launched an ‘Incubator’ hub in Dubai in collaboration with Ghaf Group, a local blockchain firm. The goal is to attract blockchain developers and entrepreneurs. This is part of a broader initiative that will see Sui establish similar hubs in other countries all over the world.

Avalanche Is Stalling But This Could Change Soon

For the past few months, Avalanche (AVAX) has been ranging around the $25 mark. Analysts are pointing out that the Avalanche floor is rising as every dip gets bought up immediately. At press time, Avalanche sells for $27.82 with a 1.5% decrease over the last 24 hours.

Aside from the market-wide rebound, there is another bullish catalyst that could send Avalanche into the stratosphere: the rollout of the AVAX 9000 upgrade. This upgrade will greatly enhance the development and deployment of Layer 1 blockchains on the Avalanche network. Moreover, this upgrade will also give Avalanche a competitive edge in the tokenization of RWAs, which is set to become one of the hottest narratives of the current cycle.

Lunex Is About To Revolutionize DeFi

Lunex Network is a non-custodial exchange that brings together disconnected blockchains into one place. Its cross-chain protocol offers seamless swaps between 50,000 assets at the lowest possible price.

At the forefront of Lunex Network’s priorities is privacy and security. No KYC is required to join and no third-party wallet either. Users can simply select the currencies, input an address, and confirm the transaction.

Users will be able to use an exclusive non-custodial Lunex-branded wallet that can be operated simultaneously via phone or desktop, allowing for greater versatility. The wallet supports 40+ blockchains and thousands of tokens.

A novel portfolio tracker will allow investors to efficiently manage their wealth across multiple asset classes. This tracker will come with real-time data feeds and analytic tools, ensuring that users are always up to date with market movements and trends.

Moreover, the exchange will spend a portion of its earnings to buy back $LNEX tokens every week. This amount will then be redistributed as staking rewards for up to 18% APY.

Enter the $LNEX Presale

Stage 4 of the $LNEX presale is underway and so far more than $1.1 million has been raised in funds. Tokens are available for just $0.0017, which is the perfect entry point for investors who want to be on the winning side of the Lunex Network revolution.

By the end of the presale alone a 1,800% surge is expected. Once $LNEX hits the markets, analysts believe that a 100x multiplier is a realistic scenario, especially when taking into account all that Lunex Network has to offer.

You can find more information about Lunex Network (LNEX) here:

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