Lunex Network is a rising crypto threat with their revolutionary DeFi solutions and is dubbed the “Binance Killer.” The platform rivals Binance and Solana by offering cross-chain transactions and unparalleled security.
With a deflationary token model and high staking rewards, Lunex Network has already attracted substantial investor interest. Analysts believe Lunex Network might overtake Solana’s remarkable growth by 2025.
BNB Sets Sight On $800 Milestone
Binance Coin (BNB), the native cryptocurrency of the Binance blockchain has recently reached a new price discovery stage. BNB attained an all-time high of $774 this month. The altcoin consolidated between $430 and $600 between September and early November and gained roughly 20 percent in two weeks.
This growth reflects a shift in market capital, with investors focusing on Binance Coin. BNB’s breakout above the key resistance at $658 signals strong buying demand and increased market confidence.
The rally’s intensity is evident in liquidation data, where $3 million in short positions and $2.26 million in long positions were cleared. This pattern reflects the volatile and fast movements of the market that impacted investors and traders. BNB crossed the $572 – $619 resistance zone and is targeting the $800 mark. However, profit-taking could cause a pullback to the $721 support level. Falling below this point might reverse the bullish trend.
Solana’s Bullish Momentum Slows Down
Solana is experiencing a bullish turn with growing institutional interest as its key support. Grayscale has just recently registered for the first Solana ETF in the U.S. with NYSE Arca —- a significant step forward for Solana. This progress has translated into Solana’s price action. Solana is up 47% monthly chart at $240 and experts think it will top $400 by 2025.
This optimism from analysts is reflected by Solana’s record growth last month. The altcoin’s total value locked (TVL) climbed to $8.9 billion in November. The Solana network is a top DeFi hub with lightning-fast transaction speeds and low fees.
Solana (SOL) has seen notable price movement recently. Solana’s price changed by 0.3954% in the past week, showing stability. In the last month, SOL’s price rose by 18.07%, indicating strong upward momentum. Over the past six months, Solana’s price increased by 51.21%, showing solid long-term growth.
Lunex Network: Redefining DeFi with User-Centric Innovations
Lunex Network is changing the DeFi space by tackling major challenges in crypto trading. Traditional centralized exchanges often face issues with interoperability, but Lunex Network overcomes this by using advanced smart contract technology. This innovation allows for smooth, low-cost asset swaps across more than 50,000 cryptocurrencies, offering both speed and efficiency for traders.
Security and privacy are central to Lunex Network’s mission. The platform’s powerful Enclave technology and smart contracts set a new standard for DeFi security. With the latest technology, intuitive features and unprecedented presale success, Lunex Network is bringing a far more effective and accessible DeFi ecosystem together. The success of Lunex Network’s presale is reflected in its native token $LNEX, which is up over 200% to $0.0038 from its $0.001 price on launch.
With DeFi cryptos gaining momentum, BNB setting record prices, and Solana attracting institutional interest through ETF filings, the stage is set for an exciting altcoin season. Lunex Network is making its mark by solving long-standing issues in crypto trading. The project raised over $4.7M in its ongoing presale. The DeFi revolution is here and Lunex Network has just started.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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