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Lunex Network has emerged as a potential decentralized exchange, poised to rival Ripple and Sui with smart features and explosive growth potential.
An overview of the Lunex Network's capabilities was fed into the AI and the artificial intelligence spoke to it. With vast features and trader perks, Lunex Network has the potential to mimic the bull market experienced by Sui (SUI) and Ripple (XRP) over the past month. Let's take a closer look at this new and promising project.
Ripple enters up-only mode
Years of ongoing legal issues with the SEC have taken a toll on XRP's price action and investor sentiment. However, things quickly changed for the better with Donald Trump's victory in the US presidential election. A huge amount of optimism and euphoria was injected into the crypto market, and Ripple was one of the main beneficiaries. Shortly after, SEC Commissioner Gary Gensler announced that he would resign in January 2025. Gensler played a key role in the regulatory crackdown that brought many crypto projects under scrutiny, further energizing the Ripple community.
In the last month alone, XRP has soared 184%, and its price has easily broken through resistance. After peaking at $1.63, Ripple experienced a gradual correction and retested the $1.40 support. As of this writing, Ripple is selling for $1.45, with an intraday increase of 7.8%.
Sui retesting lower levels after near-vertical rise
After a short period of consolidation near the $2 level, SUI broke out with an explosive move and reached an all-time high of $3.93. Here, traders started taking profits, forcing the price down, and Sui revisited the support at $3.12, where it has now settled.
Despite being a relatively new project in the Layer 1 space, Sui has garnered a lot of attention. Most recently, Sui launched a partnership with Babylon Labs and Lombard Protocol with the aim of introducing Bitcoin staking to its DeFi ecosystem. This means that Sui stakers can directly tap into Bitcoin's $1.8 trillion in liquidity.
Is Lunex Network the next contender for the legendary rally?
Lunex Network is a decentralized exchange that integrates all major blockchains, allowing users to trade across 50,000+ assets at lightning speed and with the lowest possible fees. To ensure the most competitive prices and lowest slippage, Lunex Network leverages cutting-edge smart contract technology instead of increasingly outdated Automated Market Makers (AMMs).
Lunex Network offers a wide range of features rarely found elsewhere. These include a dedicated wallet that can be accessed via phone or desktop, and a portfolio tracker app that uses built-in analytics and data feeds to enable efficient asset management.
Additionally, those who want to take their trading experience to the next level can opt for Lunex Pro, a premium subscription service that grants access to advanced trading tools and special features such as cashback bonuses and AML wallet checks. .
However, one of the most interesting aspects of Lunex Network is its revenue sharing mechanism leveraging the LNEX token. Each week, the exchange will allocate a portion of its weekly profits to buybacks of LNEX. This amount will be redistributed to token holders as staking rewards at up to 18% APY.
Lunex Network's viral presale has attracted thousands of people and has already raised more than $3 million. LNEX is selling for $0.0031 and early buyers have already enjoyed a 158% profit. However, with an expected 1,800% upside just at the end of the pre-sale, this is still a good entry point once LNEX hits the market, especially since bull markets are occurring across all markets. This is where big price multipliers can come into play. cylinder.
Learn more about Lunex on our website and socials.
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