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Cryptocurrency News Articles
Lunex Network (LNEX) Outperforms Solana (SOL) and Ripple (XRP) in the Presale Market
Oct 22, 2024 at 12:52 pm
The crypto market is witnessing a mixed sentiment as the bull run slows down. Notably, top altcoins like Solana (SOL) and Ripple (XRP) are facing
Top cryptocurrency Solana (SOL) and Ripple (XRP) have hit a roadblock in their price rallies as investors are quickly pivoting to promising presale projects like Lunex Network (LNEX) due to the slowing progression in SOL and XRP prices. Here's a closer look at what's unfolding.
Insiders say that institutional investors are flocking to Lunex Network because it offers a B2B merchant payment gateway. This allows businesses to accept crypto payments and convert them into fiat (and vice versa) at the point of sale.
But Lunex Network's main attraction is its DEX platform, which features a unique swapping model that allows users to instantly swap over 50,000 crypto assets across multiple chain networks anonymously.
In other words, users don't have to go through any KYC or use any third-party wallets to perform multi-chain transactions. This unique model, combined with a revenue-sharing model that distributes a portion of the platform's revenue to token holders and useful tools like a Portfolio Tracker, positions Lunex Network for exponential growth.
Interestingly, the native LNEX token powers the entire operation, creating a self-sustaining tokenomics for Lunex Network. Currently on sale for $0.0017, analysts are predicting an 18x rally for the LNEX token by launch.
Solana Hits Months-Long Consolidation Below $160, Stalling YTD Growth
Since falling from its year-to-date ATH of $202, Solana has largely consolidated below the $160 price point. Although SOL made two attempts to reclaim the territory above $180 on two occasions, it has consistently traded below $160 for just over two months.
This sluggish momentum has stalled Solana's YTD price trajectory, with the token retaining roughly 530% gain for some time now. Notably, this could be considered a substantial price increase considering its yearly entry price of around $27.
However, Solana's extended consolidation has prompted many investors to diversify their portfolios to include promising projects like Lunex Network in order to capitalize on the broader bullish momentum in the crypto market.
On the bright side, technical analysis of the SOL token indicates an impending price breakout, with its 20, 50 and 200-day moving averages suggesting a buy signal.
Despite the broader uptrend in the crypto market, Ripple has seen a major retracement, currently trading within a monthly price range of $0.58 and $0.54. XRP price reflects a over 7% decrease in the past 30 days.
This negative outlook is further compounded by a progressive decline in XRP price over the past week, falling from a weekly high of $0.66 to currently trade below the $0.54 price level. XRP token holders may find it even more disheartening as the year-to-date price gain has dwindled to only about 12%.
At the moment, all signs indicate that the XRP token's downtrend may continue as technical analysis, including 20, 50 and 200-day moving averages, points to a sell signal. This aligns with the mass exodus of whales from the Ripple network to pursue other promising crypto projects.
Can Lunex Network Outperform Solana and Ripple This Q4?
Unlike Solana, which still has bullish potential for Q4 despite sluggish progression, Ripple's technical indicators suggest a continuous decline.
However, Lunex Network has shown impressive performance in the presale market, crossing the $1M funding mark. This, combined with its unique swapping model and institutional focus, positions Lunex Network as a more promising token compared to top altcoins like Solana and Ripple.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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