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Cryptocurrency News Articles
Lunex Network (LNEX) Presale Gem Set to Gain Massive Adoption, Can It Outperform Solana (SOL) by 2025?
Oct 14, 2024 at 03:25 am
LINK holders are particularly eyeing a new DeFi protocol, Lunex Network (LNEX). With an 18x growth projected for it after launch, this presale gem is set to gain massive adoption.
Holders of LINK tokens are keeping a close eye on a new DeFi protocol called Lunex Network (LNEX). This presale gem is expected to see an 18x increase after launch, thanks to its unique value proposition. On the other hand, Solana (SOL) has set a new record with over 100 million active addresses per month.
Lunex Network aims to increase participation in DeFi, attracting institutional interest
The Lunex Network (LNEX) is a new DeFi protocol on a blockchain network that aims to enhance the practicality of DEX platforms beyond their current capabilities. By connecting disparate blockchains, the Lunex Network enables investors to trade over 50K crypto assets in a non-custodial environment that does not require third-party wallets or personal information, all at competitive low fees.
The DeFi platform also expands its market reach by allowing both businesses and developers to flourish on its network. Specifically, Lunex Network offers a B2B merchant payment gateway, allowing businesses to accept crypto payments and easily convert them to fiat currency. Additionally, developers can showcase their skills on Lunex Network, as the platform provides over 65 RPC nodes to support Web3 development.
Lunex Network’s revenue share model, cashback rewards, and other user incentives are also driving up demand for the token during its presale. For example, 50% of the revenue Lunex Network generates from its swapping activities is distributed to its users as a reward. Furthermore, token stakers can earn an 18% APR yield on their $LNEX stake, which is also expected to increase by 1650% from its current presale price of $0.0015 by launch.
Chainlink Token’s Month-Long Progress Is Minimal As Price Fluctuations Increase
Despite Chainlink (LINK) tokens crossing the $20 mark this year, a prolonged period of price fluctuation, beginning earlier in the year, has brought Chainlink's weekly price range to between $10.41 and $11.64. This drop highlights the broader bearish momentum in the altcoin market, and Chainlink's performance has been largely unimpressive this year.
Over the past month, Chainlink's price has risen by only 0.11% after falling from a monthly high of around $13. This bearish momentum also aligns with its 0.17% decline over the past seven days, despite a bullish attempt to settle above $11 once more.
As Chainlink token holders navigate this bearish momentum, diversifying with other potentially rewarding tokens may be their next move. Even Chainlink's technicals indicate a strong sell signal when considering its moving averages.
Solana Network’s Monthly Active Addresses Surpass 100M, Boosting Positive Sentiment
Solana (SOL) network is making waves again with its massive lead over other top blockchains in monthly active addresses, boasting over 100M.
This new milestone for Solana cements its position as the blockchain network with the highest monthly active addresses. With this marking a new all-time high for the Solana network, investors are optimistic about Solana's token maintaining its bullish momentum in the current volatile crypto market.
Even as Solana's price recently dipped below its crucial $150 price mark, positive sentiment remains for this lightning-fast blockchain network. In fact, Solana network volume just surged by over 5% indicating a vibrant interest.
Can Solana Be Outperformed By Lunex Network in 2025?
Both Solana and Lunex Network have vast DeFi capabilities and potential to see exponential gains. However, Solana has gained multiple partnerships in the altcoin market, signaling more opportunities for growth. Nevertheless, the possibility of Lunex Network contending with and outperforming Solana in 2025, is highly probable.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
Disclaimer:info@kdj.com
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