The world’s largest cryptocurrency exchange platform, Binance (BNB) just broke a new record by surpassing 100 trillion in trading volume. Such development signals growing network activity and expansion on its network which could attract bullish or positive sentiment.
However, with the advent of this new DeFi protocol, Lunex Network (LNEX), the DeFi ecosystem welcomes a new altcoin contender with innovative features that may allow it to surpass Binance Exchange. Also primed for market expansion than the likes of Cardano (ADA), Lunex Network has been speculated for a 18,000% surge by the end of its presale.
Lunex Network Raises Over $1 Million As Institutional Investors Eye Its Advanced DeFi Features
As a fully decentralized platform, Lunex Network (LNEX) features a multi-chain decentralized exchange (DEX), allowing users to instantly trade and swap cryptocurrencies on its non-custodial platform. In other words, users can execute crypto transactions without the need for third-party wallets like MetaMask or KYC verification. But, part of the primary perks of Lunex Network is being able to swap over 50,000 crypto assets at the lowest costs.
Meanwhile, Lunex Network also supports developers and businesses. It provides over 65 free RPC nodes for Web3 development and offers a B2B payment gateway, allowing businesses to integrate crypto payments, and convert to fiat currency and vice versa. Moreos, Lunex Network rewards its users, particularly token holders, from the revenue it generates through its swapping services.
At the moment, Lunex Network sells its native token, $LNEX for $0.0017 in its fourth presale stage after accumulating over $1 million throughout its presale. With a unique revenue-sharing model and helpful tools like a Portfolio Tracker, analysts believe Lunex Network could gain significant popularity. Potentially mirroring an 18x growth before that will set precedence for its rival against top DeFi platforms like Binance.
Binance Network Registers New Trading Volume Record, Maintains Uptrend
In the past four weeks, Binance native coin, BNB, has risen by over 7%, after saving itself from plunging below the $556 weekly resistance mark. Binance token also registered a roughly 4% increase in value in the past week, which briefly pushed BNB price slightly above $600.
Meanwhile, most of this positive sentiment is partly driven by the recent developments with Binance trading volume. Following its record-breaking transaction milestone where it surpassed 100 trillion in trading volume, investors are positive about Binance price trajectory, which allows its network to sustain bullish momentum.
While Binance price currently holds within a weekly range of $567 and $604, Analysts foresee an imminent growth in the near future as technical analysis like, including BNB token’s 20, 50 and 200-day moving averages hints at a strong buy signal.
Cardano Network Maintains Social Positivity Despite Price Stagnation
The price of ADA hasn’t been very impressive in the past few months however, Cardano is still making waves as its social performance tops many other altcoin in the market. With over 3 million social media interactions, Cardano (ADA) currently stands as the third most socially active network just after Solana and Ripple.
Meanwhile, Cardano has particularly risen by over 5% in social dominance in the past week, as its token also completed over 2% rise. While this doesn’t amount to much growth, ADA token seems to be gearing towards a price resurgence as its moving averages points to a buy signal for Cardano token.
Is LNEX A Better Investment Option Than BNB and ADA Token?
Even though it’s still in its presale, Lunex Network has shown impressive growth potential and is potentially going to compete with Binance Exchange. Also, owing to its advanced exchange protocol catering to both business merchants and developers, Lunex Network could reap more ROI from its LNEX token than BNB and ADA.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
