The crypto market is witnessing a mixed sentiment as the bull run slows down. Notably, top altcoins like Solana (SOL) and Ripple (XRP) are facing noticeable obstacles as they both aim to cross crucial levels in their price trajectory.
This slowing progression SOL and XRP prices have prompted large-scale investors to diversify into other promising crypto projects like Lunex Network (LNEX). The presale star is stealing the spotlight largely because of its innovative swap model which has raised over $1M in presale funding. But what about this DeFi protocol makes it special? Let’s find out.
Lunex Network’s Institutional Focus Attracts Crypto Whales
Asides hitting a million-dollars milestone through its third presale stage, Lunex Network (LNEX) stands out for several other reasons, one of which include its institutional focus. The DeFi protocol is drawing the attention of institutional players by offering a B2B merchant payment gateway. This enables businesses to seamlessly accept crypto payment and convert into fiat and vice versa.
Meanwhile, Lunex Network’s main allure lies in its DEX platform which features a unique swapping model that facilitates instant swapping of over 50K crypto assets across multiple chain networks completely anonymously. In other words, users do not need to fulfill any KYC requirement nor do they need any third-party wallet to execute multi-chain transactions.
This unique model, coupled with a revenue-sharing model that redistributes a portion of the platform’s revenue among token holders, alongside helpful tools like a Portfolio Tracker positions Lunex Network for exponential growth. More interestingly, the native $LNEX token powers up the entire operation, thereby creating a self-sustaining tokenomics for Lunex Network. Currently sold for $0.0017, analysts predict a 18x rally for $LNEX token by launch.
Solana (SOL) Months-Long Consolidation Below $160 Stalls YTD Growth
Since it fell from its year-to-date ATH of $202, Solana (SOL) has been mostly consolidating below the $160 price mark. Although it made two attempts to reclaim the grounds above $200 by reaching slightly above $180 on two occasions, the SOL price has consistently traded below $160 for a little more than two months now.
This sluggish momentum in SOL price has stalled its YTD price trajectory as it has retained roughly 530% gain for a while now. Interestingly, this could pass as a substantial price increase considering its yearly entry price of about $27.
However, Solana token’s extended consolidation has forced many investors to diversify their portfolio to accommodate promising projects like Lunex Network in order to leverage the broader bullish momentum in the crypto market. On the bright side, SOL token’s technical analysis suggests an imminent price breakout, with its 20, 50 and 200-day moving averages pointing at a buy signal.
Ripple Price Faces Major Retracement; Is a Bullish Q4 Possible?
Ripple (XRP) has witnessed a major decline below its resistance levels despite noticeable uptrend in the broader crypto market. Currently trading within a monthly price range of $0.58 and $0.54, XRP price reflects over 7% decrease in the past 30 days.
Meanwhile, this negative outlook was compounded by a progressive decline in XRP price over the past week, falling from a weekly high of $0.66 to currently settle below the $0.54 price level. It gets more unbearable for the XRP token holders as the year-to-date price gain shrinks to only about 12%.
So far, all indications suggest that the XRP token’s downtrend may persist as technical analysis, including 20, 50 and 200-day moving averages point at a sell signal. This justifies the max exodus of whales from Ripple network to focus on other promising crypto projects.
Can Lunex Network Outperform Solana and Ripple This Q4?
Unlike Solana which, despite sluggish progression, still exhibits bullish potential for Q4, Ripple technical indicators suggest a progressive decline.
However, Lunex Network on the other hand, has demonstrated exceptional prowess in the presale market after hitting over the $1M funding milestone. This, coupled with its unique swapping model and institutional-focus positions Lunex Network as a more lucrative tooken compared to top altcoins like Solana and Ripple.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork