Lunex Network (LNEX) Presale Garners Attention, Considered The Next Best DeFi Project

Things are starting to look brighter for Ripple (XRP) as its regulated stablecoin, $RLUSD recently gained approval from the New York State Department of Financial Services (NYDFS).

Ripple (XRP) price is showing more signs of positivity as its regulated stablecoin $RLUSD finally gains approval from the New York State Department of Financial Services (NYDFS). Following a disclosure by its CEO, Brad Garlinghouse that the new stablecoin will be going live soon, the price of Ripple (XRP) has attracted bullish sentiments.

Meanwhile, fast-rising presale star– Lunex Network (LNEX) is receiving special attention, with many considering it to be the next best DeFi project. With robust capabilities, this low-cap gem is poised to grow exponentially and even surpass top cryptocurrencies like Toncoin (TON) by 2025.

After its delayed launch which was supposed to happen on the 4th of December, $RLUSD is finally close to its launch as Ripple’s CEO, Brad Garlinghouse shares a new approval report.

In a recent X post, Brad Garlinghouse announced that $RLUSD has received a final approval from the New York State Department of Financial Services.

This news has sparked more positivity for Ripple (XRP). The launch of its stablecoin signifies a wider expansion of its network, which could potentially lead to a price upsurge for XRP token, while ultimately increasing the activity on Ripple network.

The price of XRP is currently holding within a weekly range of $1.98 and $2.61 while having maintained over 270% surge in the past month.

This was accompanied by a 66% rise in the past two weeks and 2%.

Analysts also remain bullish on the future price of XRP as BarkMeta signaled that XRP is gearing up to form the biggest candle in history.

Toncoin (TON) is currently up by 23% in the past month, its value is still struggling below its weekly support threshold of $6.9861.

Given this bearish momentum, Toncoin token now reflects a weekly price range between $5.53 and $6.98.

The trading volume on the Toncoin network has also dropped significantly by 35.54%, signaling reduction in its activities.

However, its market cap just increased by 2.79% recently, climbing above $16 billion once more.

With more interest and network activity, the market cap of TON token could potentially rise above $20B like it did in Q2 of this year.

Furthermore, The Moon Show highlighted how Toncoin is forming a symmetrical triangle and on the verge of breaking to the upside. The analytics firm hinted that if this happens, Toncoin token would hit a higher target of $7.55.

Lunex Network (LNEX) is standing out in its presale, not just because of its impressive $5 million fundraise in a few weeks but its robust decentralized platform.

Operating without intermediaries or third-party wallets, this new DeFi project allows users to perform cross-chain cryptocurrency transactions without having to go through any KYC process or provide any personal information.

Asides its elimination of third-party involvement, showing its transparency, the platform offers high liquidity pools, enabling the swapping of more than 50K crypto assets across 40+ blockchain networks.

This heightened scalability has attracted significant attention to its network with experts predicting that it could outperform the likes of Toncoin (TON) in 2025.

Lunex Network also offers institutional features like a B2B merchant payment gateway, which when integrated, allows businesses to accept crypto payment as well as convert it to fiat.

Currently, its native token, LNEX has spiked by over 260% to $0.0044 in its presale, with analysts predicting a remarkable 50x when it finalizes its presale and launch on multiple exchanges in the near future.