The Solana (SOL) Network has come under fire recently because of its sluggish progress which have led many whales to seek alternative projects with more reliable price trajectory. In contrast, Ethereum-based meme coin, Shiba Inu (SHIB) has received major endorsement for a bullish Q4 as community rating reveals an 86% positive rating.
Meanwhile, on this backdrop, fast-rising DeFi protocol Lunex Network (LNEX) is gaining more interest in the presale market due to its innovative approach to solving decentralized exchange (DEX) problems. Does this claim hold water? Let’s find out.
Lunex Network Redefines DeFi Protocol With Innovative DEX Features
The presale market has been bubbling with excitement following the debut of Lunex Network (LNEX), a DeFi protocol that enables traders to instantly swap over 50,000 cryptocurrencies across multiple blockchains with little fees and anonymously. While it also eliminates the use of third-part wallets, Lunex Network takes pride in its ease of use.
Additionally, Lunex Network provides users with a wide range of liquidity due to its interoperability with isolated blockchains. However, users can also provide additional liquidity through staking, whereas, participants get up to 18% APY in passive income. To achieve this, Lunex Network redistributes part of its revenue back to token holders after it has undergone a deflationary process that involves buying back excess token from the open market.
Furthermore, the network features a mobile DeFi wallet, Crypto to Fiat Swap mechanism, B2B Merchant Service, and a Portfolio Tracker. The native $LNEX token, being the lifeblood of the Lunex ecosystem, facilitates all activities, including staking, reward distribution and general transactions. While it has attracted over $550,000 in its second presale stage, the LNEX token is selling at an ample $0.0013 with prediction for 18x price rally by launch.
Shiba Inu Token Signals Bullish Q4 Amidst Market Retracement
Although Shiba Inu (SHIB) is not exempted from the current market retracement, the community is very optimistic about a bullish Q4. Notably, a community rating for the Ethereum-based meme coin based on over 20K votes, reveals 86% bullish sentiment.
While this sentiment did not exactly reflect in the current price of SHIB token, it suggests an overall bullish future for the meme coin. Meanwhile, besides a 6% decline in SHIB price in the past week, the toke has gained more than 20% in the past month while retaining over 121% year-to-date price increase.
Solana Price Faces Strong Resistance, Trades below $140 Price Mark
Solana (SOL) faces a major sell-off as its trading volume reveals a noticeable 14% decline which many analysts attribute to its failure to rise above the $150 resistance zone.
While it currently trades within a weekly price range of $154 and $136, SOL price reflect a noticeable 13% decline in the past week, bringing its monthly gain to about 4%. Considering the network’s relatively slow progress lately, Solana whales are now seeking alternative projects, with presale stars like Lunex network taking the spotlight.
Can Lunex Network Beat Shiba Inu in Terms of Gains This Q4?
Although meme coins like Shiba Inu have enjoyed enormous attention lately, they don’t necessarily guarantee a stable return as presale tokens. Meanwhile, Lunex Network boasts a disruptive ecosystem that has drawn a lot of interest, with expectation for the trend to continue throughout the ongoing presale.
Discover the Exciting Opportunities of the Lunex Network Network (LNEX) Presale Today!
Website: Lunex Network Network
Join Our Telegram Community
Follow Us On X
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.