Following the results of the U.S. election green candles are flooding the charts and most cryptocurrencies boast weekly gains in the double-digit range.
Although majors like Binance Coin (BNB), Tron (TRX), and Uniswap (UNI) have entered a bullish trajectory with massive rallies behind the corner, many investors are on the lookout for low-cap gems that could become the next potential moonshot. This is where Lunex Network (LNEX) comes into play. With its innovative framework, it’s poised to revolutionize the DEX landscape. Here’s why.
Binance Coin Is Still Rangebond, Is A Trend Shift Incoming?
Over the course of 2024, Binance Coin (BNB) demonstrated impressive resilience during the most bearish months of the year. However, when the market entered a bullish phase, Binance Coin lagged with its price still moving in a narrow channel around the $600 mark. Over the last few days, Binance Coin experienced a quick bounce that tested the $661 level but quickly retraced, settling at $610.
While Binance Coin stalled, Solana took its place as the 4th largest cryptocurrency. Despite the relatively underwhelming price action, Binance Coin has been making strides in the technical department, with heavy-hitter companies getting involved with Binance’s MVB (Most Valuable Builder) initiative, which is an accelerator program for BNB developers and builders. Most recently, Google Cloud pledged $10 million dollars to the MVB program, highlighting Binance’s growing influence in the tech world.
Tron’s Climb Continues
Even though Tron (TRX) hasn’t experienced an explosion in price comparable to that of other cryptocurrencies, it has been in up-only mode since bottoming out in 2022. Tron emerged unscathed from the summer slump and persevered in its steady march to higher price points.
At press time, Tron sells for $0.177 with an 8.3% weekly increase and a slight 8.2% drop in volume, with $1.55 billion worth of TRON traded on exchanges.
Between technical upgrades, a flourishing meme coin market, and record-breaking revenue numbers, Tron’s ecosystem has also enjoyed growing interest as trading activity and inflows have surged substantially since August. Moreover, Tron has made headlines over the past few days by starting a collaboration with DSA (Digital Sovereignty Alliance) to promote comprehensive, crypto-friendly legislation in the US.
Uniswap Breakout Falters, What’s Next?
Uniswap (UNI) has been steadily rising as suggested by the string of higher lows appearing on the chart. Over the last 24 hours, Uniswap peaked at $10.36, but this could be seen as more of a short-lived deviation as the price retraced almost immediately. Today Uniswap sells for $8.70 with a 4.2% weekly decrease and a 3.1% intraday drop. The Uniswap volume has taken a significant 50% hit over the last 24 hours with around $510 million worth of UNI changing hands.
Despite the current hiccup, Uniswap seems well on track to continue on its upward trajectory, as suggested by the RSI indicator, now sitting at 61, indicating renewed buyer confidence.
Lunex Network Could Conquer 2025
Lunex Network is a non-custodial decentralized exchange that allows users to instantly swap over 50,000 assets across all major blockchains, while simultaneously enjoying generous monetary incentives via Lunex Network’s reward system.
Privacy and security are the two cardinal stones of Lunex Network’s philosophy. For this reason, users are not required to provide any personal data or undergo KYC verification. No compromiseable third-party wallet is necessary either. Individuals can simply select the crypto pair, input the address, and confirm the transaction.
To further enhance the trading experience, Lunex Network grants a wide array of innovative features. These include a dedicated wallet that supports over 40 different blockchains and thousands of tokens.
In addition to this, a comprehensive portfolio tracker app will allow for simplified wealth management across multiple asset classes including crypto, stocks, NFTs, and bonds. This tracker will come with built-in analytic tools and real-time data feeds.
One of Lunex Network’s most intriguing features is the novel revenue-sharing mechanism, powered by the $LNEX token, which will allow users to earn up to 18% APY. To sustain this, the exchange will reinvest a portion of its profits on a weekly basis and perform open market buybacks of $LNEX tokens. This amount will then be redistributed as staking rewards.
So far more than $2.2 million has been raised during the presale and $LNEX tokens sell for just $0.0021. This is the perfect entry point for early investors as demand is skyrocketing. Given all that Lunex Network has to offer, there has never been a more obvious addition to any portfolio, especially given how much room for growth this project has. Don’t miss out!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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.
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