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Cryptocurrency News Articles

Lunex Presale Boom Continues! Surges Past $4 Million Raised and 2 Billion Tokens Sold

Dec 25, 2024 at 01:30 pm

While meme coins remain volatile in the crypto market, AI cryptos like TAO and Theta have delivered outstanding returns. Despite TAO and Theta's token prices' excellent performance, AI crypto investors are beginning to diversify to Lunex Network following its impressively loud presale.

Lunex Presale Boom Continues! Surges Past $4 Million Raised and 2 Billion Tokens Sold

AI cryptos have outperformed the market in 2023, with TAO and Theta delivering outstanding returns. However, investors are now pivoting to a new crypto, Lunex Network (LNEX), following its impressive presale performance.

Despite TAO and Theta’s impressive token price performance, investors are beginning to diversify their holdings into Lunex Network (LNEX) following its strong presale performance.

Lunex Network (LNEX) is a hybrid DEX DeFi token that combines the best features of both centralized and decentralized exchanges. It supports both on-chain and off-chain capabilities, catering to a wide range of traders.

During its presale stages, Lunex (LNEX) has attracted many investors thanks to its low transaction fees and tight spreads. Unlike AI cryptos like Theta and TAO, which often charge steep rates, Lunex (LNEX) offers a refreshing alternative to simplify the trading experience. The project has also excelled in interoperability, enabling swaps across over 50,000 assets.

Theta Network (Theta) continues its impressive surge, capturing attention with its decentralized infrastructure for AI, entertainment, and video applications.Theta token price experienced a massive demand surge last month, climbing from a low of $1.25 to $3.10. However, Theta token price corrected to just below $3 but is expected to break the $4 by year-end. This is especially the case with Theta showing impressive gains on the weekly and monthly charts, rising by 45.62% and 158.86%, respectively.

According to Santiment, Theta positivity surged to 0.7, up from a low of -0.1. This indicates that most Theta investors are currently holding a positive outlook, with sentiment shifting more favorably than those with a negative stance.

Demand surge in Theta is also backed by raising trading activities to $682 million and Futures Open Interest spiking to an all-time high of $112 million. This suggests that Theta investors are holding their existing positions, and new ones are joining.

Theta investors are also keeping an eye on the Futures Open Interest, which has realized a new all-time high of $112 million. Together, these metrics indicate a strong demand for Theta in the derivatives market.

Bittensor (TAO) is another top-gaining AI crypto, but it is rising at a slower pace than Theta. However, TAO is still growing rapidly and is on course to equal its all-time high. Bittensor is an open-source protocol that supports a decentralized, blockchain-based machine learning network.

In this system, multiple parties collaborate in training machine learning models and are rewarded with TAO. The reward is directly proportional to the value of the information they contribute to the collective. TAO also provides external access, allowing users to extract information from the network while adjusting its activities to meet their needs.

Currently, TAO has 7.3 million tokens in circulating supply, 91 active trading pairs, and 21 million $TAO in maximum supply with an asset market capitalization of $4.5 billion.

Despite TAO and Theta crypto’s dominance of crypto AI, Lunex’s amazing features support a more assured sustainability.

News source:timestabloid.com

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Other articles published on Dec 26, 2024