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Lunex Network outpaces Sui and Solana, raising $2.2M in presale with its innovative cross-chain swap and staking solutions.
Table of Contents
Sui sees 794% growth since October 2023 low
Solana’s price hits three-year high amid market momentum
How Lunex Network is transforming the DeFi market
Lunex Network is rapidly gaining traction as a high-growth altcoin, drawing significant investor interest and outpacing even popular projects like Sui (SUI) and Solana (SOL). With its unique solutions for cross-chain crypto swaps, low transaction fees, and robust staking rewards, Lunex
Network offers a versatile platform that’s capturing the attention of individual and institutional investors. Recently raising over $2.2 million in its presale, Lunex Network is setting the stage for substantial growth, making it a standout in the DeFi space.
Sui sees 794% growth since October 2023 low
Sui is now valued at $3.29, up 5.47% within the last twenty-four hours on a broader bullish momentum. Sui has soared from its all-time low of $0.3643 in October 2023, a 794.44% increase which reveals the token’s increasing popularity among crypto investors.
The Total Value Locked (TVL) of the Sui blockchain increased to $1.38 billion indicating growing investor confidence, and its stablecoin market cap hit $388.6 million showing improved liquidity and stability. With a 24-hour trading volume of $435 million, Sui shows active participation and volatility but maintains a general upward trend. If this momentum holds, Sui could reach $4 soon, with $5 as a potential target later in 2024 as interest and support continue to build.
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Solana’s price hits three-year high amid market momentum
Solana recently crossed $200 and also hit a three-year high of $225.21 on solid industry momentum and soaring demand due to its Layer 1 blockchain network. However, on November 13, Solana traded for $202.51, down 5% from the day before. Regardless of the price pullback, Solana’s trading volume rose by 3%, indicating increased selling pressure in the market.
Solana’s funding rate increasing to an eight-month high of 0.037% might play right into another price pullback below the $200 mark. This increase in the funding rate usually means more Solana traders are betting on short positions, which could signal bearish sentiment short term. But in case conditions change, Solana might again push higher as its fundamental strength in the L1 space remains a key driver of future price action.
How Lunex Network is transforming the DeFi market
With a focus on security, privacy, and interoperability, Lunex Network seeks to disrupt the DeFi industry, which is estimated to reach $507.92 billion by 2028. Lunex Network allows users to trade over 50,000 asset pairs over blockchains without third parties and at a low cost. Additionally, Lunex Network offers a unique portfolio tracker, allowing users to manage multiple assets, including stocks, all in one place.
The non-custodial Lunex Network wallet is another standout feature, providing a secure and simple way for traders to manage their cryptos. Unlike traditional exchanges that require lengthy KYC processes, Lunex Network simplifies this by only requiring a receiving address for transactions, ensuring a smoother, less intrusive user experience.
Lunex Network also incorporates a reward-sharing mechanism. A portion of the income generated from token swaps is used to buy back LNEX tokens from the market, with 50% distributed to stakers and the other half reserved for additional incentives. Staking users can earn up to 18% APY by locking their LNEX tokens for 30 days, providing them with a chance for passive income.
The LNEX presale has raised over $2.2 million and it is on track to get to $3 million. With the token costing $0.0026, LNEX anticipated demand is continuing to spike by day.
For more information, visit the Lunex Network official website and join the online community for the latest updates.
Read more: Experts predict massive gains for Avalanche, Sui, and Lunex Network this cycle
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