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Cryptocurrency News Articles

Lunex Network (LNEX) Is Taking DEX To Next Level With Advanced Interoperability, Can It Outperform Litecoin (LTC) Transaction Rate in 2025?

Oct 12, 2024 at 04:01 pm

The crypto market is now filled with optimism, seeing as many new altcoin are emerging with potential to reach amazing heights. The presale market

Lunex Network (LNEX) Is Taking DEX To Next Level With Advanced Interoperability, Can It Outperform Litecoin (LTC) Transaction Rate in 2025?

Optimism Surges in Crypto Market as New Altcoins Emerge, Targeting Litecoin's Record Transaction Volume

The cryptocurrency market is buzzing with anticipation as a slew of new altcoins are hitting the scene, promising to reach astronomical heights. One sector that has particularly caught the attention of savvy investors is the presale market.

As investors eagerly seek out the next big opportunities, many are flocking to early-stage projects like Lunex Network (LNEX) in hopes of reaping exponential rewards. At the same time, Litecoin (LTC) has just achieved a new all-time high (ATH) in transaction volume, clocking in at an impressive 75 million. Could Lunex Network be poised to mirror—and potentially surpass—the success of the fork coin, posing a threat to the market dominance of other top altcoins like Cardano (ADA)?

Lunex Network: Taking DEX to the Next Level with Advanced Interoperability

Emerging from the Ethereum Network, Lunex Network (LNEX) aims to revolutionize existing DeFi solutions by facilitating instant crypto swap and multi-chain DEX transactions. The protocol achieves this by connecting isolated blockchains to establish a noncustodial crypto exchange.

Through this platform, users can trade over 50K cryptocurrencies across multiple blockchain chains at a very low cost, without the hassle of KYC requirements or the need for a third-party wallet. In keeping with its community-first approach, Lunex Network offers rewarding incentives, such as allocating a percentage of its revenues via its native token, $LNEX.

Other features include an advanced portfolio tracker and an institutional non-custodial B2B payment gateway, enabling businesses to accept crypto payment and swap it to fiat currency instantly.

Currently in the presale phase, the native LNEX token is being sold for $0.0013 in the second stage, presenting a prime entry point for investors seeking astronomical gains of up to 1800%.

Litecoin Token Surpasses 75 Million in Transaction Volume to Break Past Records

After months of price stagnation, Litecoin (LTC) price may finally be seeing brighter days following a recent milestone announcement. A few days ago, Litecoin announced its record-breaking transaction volume of over 75 million, which is also significantly higher than its past record of 67 million.

As optimism brews for Litecoin following this announcement, LTC token price may be poised for a resurgence soon. In the past month, LTC price has only managed to gain around 8% due to price fluctuations that have hindered sustained bullish momentum.

Currently trading within a weekly price range of $62.20 to $67.87, Litecoin price has managed to cross the $100 price mark this year. However, as positive sentiment continues to build for the last quarter of the year, Litecoin price may be able to capitalize on this momentum and attempt to return to previous highs.

Cardano Token Continues Bearish Trend Amid Steep Decline

Since its last price surge in March, Cardano (ADA) price has maintained a declining trend that has cast a veil of bearishness on its price trajectory. With a slight decrease in both market cap (around 2%) and network volume (18%), ADA token price has been on a downturn as it heads to lower levels.

Currently in a weekly price range of $0.335 to $0.365, ADA price is only up by a percent in the past month. Moreover, out of the past week, Cardano price has fallen by over 4%, contributing to the monthly price decline.

Despite this price consolidation, the Cardano community seems to be optimistic, with a Coinmarketcap poll showing 87% bullish sentiment among token holders. This optimism could be attributed to the token's relatively positive year-to-date price increase of 36% and its established presence in the Defi market.

Can Lunex Network Outperform Litecoin’s Transaction Rate in 2025?

It took Litecoin several years to build up its transaction rate from the ground up, especially at a time when there were fewer players in the crypto market. This not only showcases its resilience in the market but also cements its statutory leadership in the market.

However, given its unique approach to crypto swapping and multi-chain exchange, Lunex Network has a shot at disrupting the altcoin market and potentially surpassing Litecoin’s 75 million transaction rate in a year.

News source:cardanofeed.com

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Other articles published on Nov 14, 2024