Lunex Network is a new hybrid exchange stepping into the market, kicking sand in the face of big crypto exchanges like BNB and Uniswap.
Crypto whales are heading towards a new coin, and it’s not Cardano or Solana. These large-scale investors are buying up Lunex Network (LNEX) as quickly as they can. But what is Lunex Network, and why are crypto whales interested in it?
As a hybrid exchange, Lunex Network combines the best aspects of both centralized and decentralized platforms. This gives traders the speed and ease of use of a CEX with the autonomy and security of a DEX. But what really has crypto whales flocking to Lunex Network is its zero trading fees and liquidity aggregation, making it an incredibly efficient platform for high-volume traders.
Unlike established coins like Cardano and Solana, which have struggled to maintain momentum this year, Lunex Network is a fresh and dynamic project that has caught the attention of crypto whales.
With crypto whales buying up Lunex Network at presale prices, they clearly see massive potential in this project. Early investment in Lunex could yield significant returns, making it a prime opportunity for savvy traders looking for the next big thing.
According to the crypto whales, Lunex Network is a certain ‘buy’ call. But what do these investors have to say about other coins?
Cardano (ADA) price is up in the last month, breaking its losing streak. This may look encouraging, but it could be upward price action in a low ‘buy the dip’ long-shot opportunity. Don’t expect the Cardano price to do more than it did, but if it does, the whales may have gotten this one wrong, but don’t count on it.
The crypto whales have jumped ship on Cardano after the Cardano price lost a massive 40% in YTD figures. Considering the market is up this year, and some coins have returned well over 100% since January, the faltering Cardano price is not encouraging for crypto whales or retail investors.
Solana (SOL) price is slowly creeping upwards, but not at a pace that would get anyone excited. An unkind take on the Solana price would be that the token is moving too slowly for its value proposition, and Solana should be well north of $200. The flip side of that token is that a year ago, Solana was trading at $20, so sitting at the $160 mark is one heck of an improvement.
This begs the question of whether Solana can do a 2x, let alone a 5x or the 10x crypto investors demand. Probably not. When there are faster tokens like Lunex around, Solana can provide a stable base for a crypto portfolio, but don’t expect it to shoot the moon anytime soon.