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Cryptocurrency News Articles

Lunex Network (LNEX) Presale Launch Beckons Smart Money as AVAX and FLOKI Turn the Corner

Nov 22, 2024 at 04:11 pm

AVAX price action finally showed signs of life in November after having underperformed relative to the rest of its big-cap altcoin competition. On the other hand, “legacy” meme coin FLOKI rode the bull market wave to minting a new ATH last June. But the smart money is already past AVAX and FLOKI—instead, they’re queueing up for the next big thing.

Lunex Network (LNEX) Presale Launch Beckons Smart Money as AVAX and FLOKI Turn the Corner

Cryptocurrency prices have been on a rollercoaster ride in 2024, with some assets posting impressive gains while others continue to lag behind. Among the top performers is multichain DeFi protocol Lunex Network (LNEX), whose price has soared over 200% since its presale launch in October.

Now, as 2024 draws to a close, analysts are turning their attention to the next potential candidates for parabolic surges in 2025. Several factors are converging to make Lunex a prime contender for this role.

Here's a closer look at what's driving Lunex's exceptional performance and why it's poised for further gains in the coming year.

Lunex Network (LNEX) is a multichain DeFi protocol that aims to solve the long-standing problem of interoperability among blockchains.

Through its self-custodial Lunex Wallet solution, users can seamlessly buy, sell, bridge, and trade over 50,000 tokens across 40 blockchains. Lunex removes the learning curve and complexities of having to manually transfer assets to different wallets to transact with different blockchains, wrapping and bridging assets to be able to use them on different blockchains, and manually connecting said wallets to different DeFi protocols.

Instead, users can perform all these actions and manage their entire portfolio in one place with Lunex Wallet. It also features a liquidity aggregator that helps users find the best rates for their cross-chain swaps through Lunex's vast network of exchange partners.

By easing the entire cross-chain DeFi experience, Lunex is expected to play a major role in onboarding a new generation of DeFi users, setting up its native token, $LNEX, for a godlike pump in 2025.

Not surprisingly, Lunex is drawing the smart money to its presale launch by offering investors an ideal vehicle to gain exposure to the DeFi bull market.

Now, let's quickly recap the performance of two other assets that have been on investors' radar in 2024 - AVAX and FLOKI.

AVAX price turns in a 20% gain in the past monthAVAX price had been lagging behind other assets in the top 20, but that changed in November. Finally, AVAX price action showed signs of life with a 20% increase in the past 30 days, sparking hopes that the distributed software platform could be setting up for a strong finish in 2024. This has gotten analysts to upgrade their EOY AVAX price predictions, pegging AVAX price to trade anywhere in the $40 to $60 range should the bullish trend hold up.

FLOKI sizzles with 62% monthly runFLOKI is nipping at the heels of legacy meme coins like DOGE and SHIB as the market turns hot. In fact, FLOKI has thoroughly outperformed both—remarkable, considering FLOKI was once slagged off by critics as a Shiba Inu rip-off when it first debuted. FLOKI has rewarded long-term believers in its vision with a 62% run in November, compared to Shiba Inu's modest 34% and AVAX's 20% gain, respectively.

However, between projects that have already peaked, like AVAX and FLOKI, it's clear that Lunex has the best prospects for a parabolic surge in 2025.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

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