As the DeFi industry maintains its state of constant evolution, new projects that will challenge the status quo are already emerging. In this case, the Lunex Network (LNEX) is bringing in innovative features to add more value to the already thriving multi-billion dollar DeFi industry.
That is why experts are projecting that Lunex Network’s use case functionality is broad and will result in the project challenging established cryptos like Binance (BNB) and Chainlink (LINK). Find out how below.
Lunex Network (LNEX) Surpasses Milestone Amid Surging Presale, Set for 400x Growth in Q4
The Lunex Network project is carving out a niche for itself in the DeFi arena with its innovative solutions to major issues. For context, Lunex Network has set out a protocol that allows crypto traders to anonymously trade and swap assets across multiple blockchains without the need to link wallets like TrustWallet.
The project promotes anonymity without the need for a rigorous KYC process. All an individual needs to do is select a crypto like BTC, add the receiving address, and initiate a transaction. One of the notable features is the staking model, which allows investors to stake their tokens and earn up to 18% APY reward. Lunex Network also supports multi-currency staking.
Meanwhile, players can also use cryptos as collateral to obtain short-term loans in fiat or USDT. In line with the utility that Lunex Network provides, the $LNEX token presale is witnessing a massive sellout. Just recently, the second stage of presale has crossed 60% in sales. Given the massive potential of the LNEX token, investors are likely to see a 400x growth by the end of Q4.
The second stage sells at $0.0013 allowing investors to buy as much of the tokens as possible. Notably, presale investors can benefit from the revenue share model while also positioning for massive ROI potential. Overall, the $LNEX token is one of the hottest projects around the block that is worth investing in.
Concerns as BNB Record Significant Market Cap Drop
The Binance (BNB) token is a fairly established project with a price value of over $570. The BNB price trajectory has been steadily gaining ground in the crypto market as stats show a 13% increase in price value over the last month.
However, Binance Coin’s market cap lost over $3 billion within 24 hours for the second time in October. The first drop happened on October 1st when the MCAP of BNB dropped from $85 billion to $79 billion. Similarly, the market cap dropped from $84 billion to $81 billion a week later.
This unstable market turn by the Binance Coin signals uncertain short-term ROI possibilities for investors. Meanwhile, experts are confident that the BNB token price is merely undergoing a retracement and will see a significant uptrend in the coming months.
Chainlink (LINK) Set Sight on Establish Support Above $15
Chainlink (LINK) has witnessed a good run of form in its price trajectory since the turn of 2024. For context, Chainlink’s price was able to reach the $20 mark in March for the first time since January 2022 as per CoinMarketCap. While the price value has since retraced to within the $11 mark, it shows the intent and potential that the token has for the year.
Notably, Chainlink’s price has gained over 46% in value within the past 12 months. A short-term look at the LINK price chart also displays an 8% growth over the last month. However, the technical analysis from Tradingview shows different views. Based on the data, the Chainlink crypto is trading below the 50-day and 200-day EMA.
A further look at the Chainlink chart shows it is struggling to hold support at $11. If the coin drops below the zone, it might slide downwards. However, a breakthrough might lead to a retest of the $12.9 resistance trendline. With Chainlink’s trading volume growing at an average of 10% weekly, it might likely witness a rebound in the coming weeks.
Which Token to Buy
While Chainlink and BNB harbor significant uptrend potential, the Lunex Network presale is perhaps the hottest investment prospect to join. Given Lunex Network’s growing reputation and string use case, it is only right to buy the token now for future gains.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
