New Exchange Tokens Shoot for the Moon as UNI and OKB Succumb to Market Pressure

Crypto exchanges and trading activities go hand-in-hand. In fact, that's the only thing some people know them for. But did you know that some trading

Crypto exchanges and trading activities go hand-in-hand. In fact, that’s the only thing some people know them for. But did you know that some trading platforms have their native cryptocurrencies or exchange tokens? These tokens serve various purposes on their platforms, making them utility-driven.

Uniswap (UNI) and OKB Coin (OKB) are two exchange tokens powering the Uniswap and OKX exchanges, respectively. Both UNI and OKB have surged in the past month. But they are now in the red, following the general decline in the crypto market. Meanwhile, Lunex (LNEX), a new exchange token, is having a successful presale and has raised over $5.3 million.

The Uniswap price succumbs to market pressure

The Uniswap price has been impressive over the past month, surging by over 100%. Likewise, the Uniswap Exchange remains the leading provider among decentralized exchanges (DEXs).

Between mid-November to mid-December 2024, the UNI price has moved from around $8.5 to a new high of around $19. The massive move has seen it regain investors’ confidence amid the December bull run.

However, the recent Uniswap price decline calls for caution among investors. For context, UNI is trading at around $17, plunging the token into the red zone. The inability to maintain higher support levels and the broader crypto market correction cast doubts on UNI’s ability to finish the year with a new all-time high.

OKB loses monthly accumulation after a recent decline

OKB is another exchange token struggling in the red zone after a month of decent growth. While the month-on-month gain stands at around 25%, the OKB price has fallen from around $64 attained on December 4 to a little over $50.

The dip in the OKB price also follows the broader decline in crypto prices, but experts believe it’ll bounce back soon.

New exchange tokens shoot for the moon

While established projects like UNI and OKB seem to have peaked, newer tokens are positioned to outshine these established competitors over the coming months. These new exchange tokens will leverage DeFi opportunities like staking, yield farming, and user rewards to incentivize investors and provide them with passive income options.

Moreover, these newer projects can learn from the mistakes of the past ones and tweak their products to become more formidable and efficient. They can also be more scalable and support a better number of decentralized apps (dApps), digital crypto payments, and cryptocurrency pairs.

One of the latest exchange tokens with such potential is Lunex Network (LNEX), a DeFi token powering the Lunex Network. The token serves various purposes within the Lunex ecosystem. These include helping Lunex holders access passive income opportunities through staking. They can earn up to 18% annual percentage yield (APY) for locking their assets periodically.

Additionally, Lunex supports over 50,000 crypto trading pairs. Traders who use the Lunex Web3 multi-chain bridge for transactions can enjoy cashback rewards on every trade performed on the platform. They can also participate in network governance by holding the token.

These features set Lunex apart from the crowd, and its presale success makes it a worthy contender to reach the moon. Interestingly, the Lunex token presale is still ongoing, allowing interested investors to purchase the token at a discounted rate of $0.0046 before it increases in the next stages.

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork