Binance exchange which has held the title of the largest decentralized exchange in the world may be up for a challenge from this new DeFi protocol, Lunex Network (LNEX), keeps up a bullish momentum after launch.
Although Binance has maintained a bullish year of over 160% and is showing no sign of experiencing lagging network activity. However, with the vast potential of Lunex Network, it is projected to mirror Binance’s DeFi growth and surpass the sharp rise the likes of Dogecoin (DOGE) experienced at launch.
Lunex Network Shows Incredible DeFi Potential Amid Bullish Presale Performance
Lunex Network (LNEX) has been receiving a lot of attention due to its focused effort on connecting separate blockchains and creating a non-custodial cryptocurrency exchange. One of the standout features of this network is that it lets you swap and send any over 50,000 cryptocurrencies across different blockchains without needing third-party wallets, thereby ensuring utmost anonymity and privacy.
Catering to global businesses also, Lunex Network provides a B2B payment gateway. With the integration of its API keys, these businesses can easily accept cryptocurrencies as payment and swap them to fiat currencies. Helping retail investors, Lunex Network also delivers portfolio tracking services making it a comprehensive network for crypto management.
At the heart of the Lunex Network ecosystem is its $LNEX native token, which users can use to partake in staking activities and receive reward from its revenue-sharing model. Currently priced at $0.0013 in its second presale phase, analysts predict that the token could generate up to 1,800% profits for those who invested early. It is further poised to realize 50x gains post-launch.
Binance Price Maintains Bullish Presence Amid Weekly Decline
Binance (BNB) Network has had the most unexpected year, however, it has managed to stay in good shape. While the release of the former Binance CEO, Changpeng Zhao, was expected to create a bullish effect on BNB price, it did the opposite. Anyway, that can be largely attributed to the broader market retracement.
That aside, Binance price has had a bullish record this year, registering over 151% price increase. Although recent price retracements have suppressed the monthly gain to about 3%, coupled with a nearly 11% weekly decline, the community and token holders are still very bullish on the token’s price trajectory.
Dogecoin Receives 80% Bullish Community Backing Despite Noticeable Price Fluctuation
Ethereum-based Dogecoin (DOGE) has had to walk away with a sizable amount of its gains this year because of obvious reasons. Notably, DOGE prices have continued to encounter severe fluctuation since it recorded its 6-months ATH of $0.22. Ever since, Dogecoin price have mostly traded below the $0.15 with noticeable fluctuations along the way.
In Spite of this rough journey, this is by far the DOGE token’s best year after it reached an overall ATH of $0.73 in May 2021. Currently trading within a weekly price range of $0.11 and $0.10, DOGE price reflects a noticeable 12% decline.
However, it has managed to retain nearly 5% increase in the past month and over 66% in the past year. This positive price outlook has contributed to the 80% bullish rating from the close community.
Can Lunex Network Overtake Binance?
While the growth of Binance is not something that can be easily replicated, it is possible for a crypto exchange like Lunex to meet up with. Although it might take a very long time, Lunex Network definitely has the potential to overtake Binance if it experiences a staggering increase in adoption rate.
Discover the Exciting Opportunities of the Lunex Network Network (LNEX) Presale Today!
Website: Lunex Network Network
