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Cryptocurrency News Articles
Lunex Network Poised to Become the Next 100x DEX Cryptocurrency
Oct 04, 2024 at 11:30 pm
As the bull run picks up steam, DEX cryptocurrencies are expected to capitalize on the influx of new money and immense hype entering the market.
As Bitcoin breached past $60,000 on Monday, altcoins like Binance Coin and Lunex Network surged in value.
Pundits are especially impressed with ICO prospect Lunex Network, a new DeFi protocol and trading DEX set to deliver 100x returns by 2025.
Here’s a closer look at Lunex and why analysts believe it has a brighter outlook than Binance.
Bitcoin’s price and altcoins largely fell victim to a market permeated by bearish momentum and fear in the latter stages of Q3. Following a few bullish catalysts, such as BlackRock’s white paper and the Federal Reserve’s interest rate cuts, Bitcoin suddenly rose in value over 9%, triggering a momentous rally in late September.
This is overwhelmingly bullish, as September has historically been a bearish month for Bitcoin in previous bull runs. Many analysts are now looking forward to an “Uptober” that could potentially kickstart the bull run into full gear and see Bitcoin skyrocket.
CZ’s early release announcement did little for Binance Coin as investors await the bull run.
Although Binance Coin were anticipating a major Binance Coin rally following CZ’s early release from prison, this had a negligible impact on Binance Coin’s price action.
Whatever momentum Binance Coin managed to gather is now fizzling out, with Binance Coin recording 9% losses in 7 days. However, investors in Binance Coin should not be concerned, as DEX cryptocurrencies like Binance Coin and Lunex Network are expected to perform exceptionally well at the peak of the bull run, as hype and momentum reach a tipping point.
Lunex Network set to become the next 100x DEX cryptocurrency
As the bull run picks up steam, DEX cryptocurrencies are poised to capitalize on the influx of new money and immense hype entering the market. Lunex Network, in particular, stands out as a prime investment opportunity, with investors expecting 1,800% growth during the first stage of the presale alone.
A key advantage of Lunex Network is the DeFi platform’s removal of KYC verification mandates. By enabling users to trade and utilize the platform without submitting an ID, such as a driver’s license, users can swap tokens between blockchains like Ethereum and Solana with complete anonymity.
Moreover, this makes the entire swapping process incredibly convenient. Lunex Network streamlines the swapping process further by eliminating the need to connect to third-party wallets like MetaMask or PhantomWallet. As a result, users simply select the cryptocurrency they want to exchange, enter a valid wallet address, and receive their desired token within seconds.
Lunex Network boasts an attractive revenue-sharing model that will greatly appeal to investors in the LNEX token. As part of this model, the platform repurchases a portion of its profits from the open market, allocating half of those tokens to holders and using the other half for staking rewards.
In the DEX space, few opportunities will be as lucrative as Lunex Network at $0.0013. DEX tokens such as Lunex Network have soared in value in previous bull runs, and with Lunex Network’s solid fundamentals and massive hype potential, it could feasibly deliver 100x returns to early investors by 2025.
For more information, visit the Lunex Network official website or join the online community for the latest updates.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- PayPal Completes First Corporate Payment Using PYUSD Stablecoin
- Oct 05, 2024 at 02:25 am
- PayPal has successfully completed its first business transaction using its own stablecoin, PayPal USD (PYUSD). But the exact payment amount was not disclosed. This highlights the steady use of crypto assets for payment purposes.