Bittensor is losing ground in the DePin (Decentralised Physical Infrastructure) space now that competitor platforms such as Render and NEAR Protocol are gaining popularity. Over the last month, Bittensor’s TAO token has dipped 17%, with some days registering volume dips as sharp as 19%.
Apart from TAO, Kaspa’s price is also starting to flash bearish signals after a 2.4% dip in 30 days, leading to a price stagnation around the $0.13 mark. Kaspa price is down nearly 40% from its all-time high of $0.207 just four months ago.
While TAO and KAS languish, Lunex Network’s LNEX is emerging as the hot new crypto in town set to disrupt DeFi. Compared to existing DEXs and aggregators, Lunex offers a simple user interface with zero slippage and speedy transactions, making it a go-to platform for lucrative DeFi trades.
Lunex Network spearheads an unprecedented DeFi revolution
The next generation of DeFi traders will come from this hot new crypto presale called Lunex Network. At its core, Lunex offers a top-tier DEX and aggregator built with both on-chain and off-chain elements, making it the perfect alternative to trading on a CEX or a typical DEX.
Ask any DeFi trader, and they will admit that the best features of trading on a decentralized exchange include anonymity and transparency. Trading directly with an automated market maker relieves you from the pressure of KYC. However, most DEXs also feature sluggish networks that come with skyrocketing network fees, high slippage, and front-running by trading bots.
Lunex’s platform offers a revolutionary solution that not only prevents the struggle of slow and failed transactions but also eliminates price slippage by delivering deep liquidity to the DEX. Lunex’s hybrid approach is a mix of the best features you would find on a DEX as well as a CEX. All you need is a non-custodial wallet address, and you can enjoy institutional-grade liquidity and slippage-free trading.
Lunex Network is currently in its presale stage, with its LNEX token priced at $0.0021. As Lunex Network’s early adopters anticipate the launch, LNEX holders can still enjoy the platform’s staking program.
Bittensor’s TAO starts to decline amid increased competition
TAO‘s price is struggling to sustain its previous ascent as its value has dipped 15.57% over the last month. Compared to its all-time high of $767, the current TAO price represents a dip of 34%. It seems that Bitternsor’s TAO still has the potential for recovery; however, TAO’s price has failed to breach the $600 resistance level twice. Could a third attempt at breaching TAO’s bearish divergence succeed?
Kaspa price stagnates as investor interest wanes
The latest forecast from analysts suggests that Kaspa’s price is ready to take off despite registering a bearish pullback from its all-time high of $0.2074 just 4 months ago. Over the past few weeks, the Kaspa price has formed a falling wedge pattern, albeit an increase in volume that suggests a possible Kaspa price accumulation. With Kappa’s RSI signals nearing the oversold zone, could Kaspa’s price rebound from its current slump?
Conclusion
Bittensor’s TAO and Kaspa prices are struggling to sustain their previous bullish ascent. While it’s still early in the bull market to determine winners and losers, Lunex’s hot new crypto presale is already creating a buzz in the DeFi space as investor interest increases.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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