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Cryptocurrency News Articles
Lunex (LNEX) Network: The Top DeFi Presale Gem Where Smart Money Is Headed This Season
Dec 22, 2024 at 07:00 pm
The ICP and Tron prices have been collapsing recently as smart money investors cash out gains to reinvest in other assets with better value propositions. With its strong financial performance, Lunex (LNEX) is most likely the top asset where the profits are headed this season.
Smart money investors are cashing out gains from Tron (TRX) and Internet Computer (ICP) to reinvest in other assets with better value propositions. Among these assets is Lunex (LNEX), a new DeFi token that has soared an impressive 283% during its presale. Analysts are predicting further gains in the region of 1,800%.
Here's a closer look at why investors are flocking to this presale gem:
Smart money investors have acquired over 2.3 billion LNEX tokens as part of a $5.3 million investment in the Lunex ICO. With over 73% of the presale tokens already sold, it won't be long before the mainstream launch.
Investors are snapping up tokens at the bargain price of $0.0046, and for good reason. The Lunex Network aims to solve cross-chain interoperability with a multichain bridge, paving the way for a faster and cheaper Web3 crypto trading platform.
Using the Lunex DEX, DeFi investors will be able to swap and move 50,000+ crypto pairs across 40+ blockchains. Security is also fully covered, with Lunex being a fully non-custodial decentralized exchange that collects no user details during signup.
Moreover, the platform pays up to 18% APY to LNEX holders from a share of the profits accrued on its DeFi swapping dApp. As crypto experts predict the DeFi market to cross $500 billion soon, Lunex is well-positioned to cut deeply into this market, bringing back a generous share for LNEX holders.
In recent price movements, TRX soared to set a new ATH of $0.45, marking an incredible 10x return from its long-term uptrend, which began in November 2022 from a low of $0.045.
It's no surprise that smart money investors cashed out, pushing the Tron price down to the $0.26 level, indicating a loss of more than 42%. With the next major support around $0.16, it seems TRX may face further losses.
At press time, TRX was up 28% monthly, with 160% yearly returns. CoinCodex data suggests that TRX is likely to enter a prolonged consolidation phase in the $0.2-$0.3 region through 2025.
ICP has been rallying recently, surging from a low of $6.83 in early November to hit $15.57 by Dec. 7, notching a 2.2x gain. However, ICP faced headwinds and dropped over 12% in the past week.
The decline left ICP holders with just an 18% yearly yield, raising questions about the altcoin's ability to generate significant gains by 2025.
Despite the recent setback, CoinCodex analysts remain bullish on ICP. Their data indicates that ICP could reach $55, marking a nearly 395% return.
While TRX is predicted to slow down through 2025 and ICP is tipped for modest returns, the Lunex DeFi project is poised to deliver an 18x presale return and could soar to new heights upon launch. Don't miss out on this opportunity to load up on LNEX.
For more information on Lunex Network (LNEX):
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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