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Home Blockchain

Lunex Network Catches Investor Attention As Solana and XRP Meet Resistance

by DigestWire member
December 9, 2024
in Blockchain, Crypto Market, Cryptocurrency
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Lunex Network Catches Investor Attention As Solana and XRP Meet Resistance
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The post Lunex Network Catches Investor Attention As Solana and XRP Meet Resistance appeared first on Coinpedia Fintech News

After raking in massive gains Solana (SOL) and Ripple (XRP) have entered a cool-off phase as selling pressure has stunted their momentum.

Savvy investors who took profits are now rotating capital into undervalued gems primed for explosive growth in 2025. One such project is Lunex Network, which has consistently gained traction throughout its viral presale, raising over $4.6 million in record time. Let’s delve deeper and discover why this newcomer could leave Solana and Ripple in the dust.

Solana Continues To Consolidate Just Below ATH

After reaching a new all-time high at $263, Solana corrected by about 11% and is currently ranging around $240 as it found rock-solid support at $230. At press time, Solana sells for $238 with a 2.1% intraday increase and a 43% decline in volume, with roughly $4.6 billion worth of SOL traded in the last 24 hours. However, holders are still decisively bullish on Solana as every dip has been bought up almost immediately. 

According to on-chain readings from Lookonchain, whale activity has skyrocketed over the past few days, with large buyers acquiring massive quantities of Solana at discounted prices. Over the week, roughly $42 million, or 185,000 SOL tokens, has been withdrawn from Binance.

Ripple Fails To Reclaim $3 At First Try, What’s Next?

In November, Ripple (XRP) became one of the top performers with a 400% rally that saw it tear through resistance levels and reach a new peak at $2.80. As traders booked profits, a pullback followed, and today, Ripple trades at $2.44 with a 6.9% daily increase.

Between the reported settlement with the SEC and the incoming release of a Ripple stablecoin, major bullish catalysts are lining up for the XRP price. After months of intensive testing, the RLUSD stablecoin’s launch is inching closer. Many Ripple investors are positioning themselves to capitalize on this significant liquidity event that could see Ripple soar above $3 by the end of the year.

Lunex Network Is Spearheading The New DEX Revolution

Lunex Network is more than just another run-of-the-mill decentralized exchange. It’s a non-custodial protocol that integrates all major blockchains and allows for seamless swaps between more than 50,000 assets at the lowest possible fee without any of the liquidity issues typical of most DEXs. 

Aside from providing an intuitive and frictionless DEX experience, Lunex Network boasts a wide array of features that could see its adoption skyrocket in the upcoming months.

Institutional investors and businesses will find an exclusive B2B payment bridge API. This means that they can easily integrate cryptocurrencies into their payment options and have them instantly converted into fiat. Developers will have access to 65 RPC nodes to build highly scalable, decentralized applications.

Users who want to take their trading to the next level can subscribe to Lunex Pro. This is a premium service that offers advanced trading tools, cashback on every transaction, and AML wallet checks.

Moreover, Lunex Network will also grant loyal holders the opportunity to earn passive income through its revenue-sharing mechanism. Every week, Lunex Network will reinvest part of its earnings to buy back $LNEX tokens on the open market and redistribute them as staking rewards.

During the ongoing presale, $LNEX tokens are priced at just $0.0038. This is the perfect entry point for buyers who want to be on the winning side of the upcoming DEX revolution led by Lunex Network. 

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com 

Socials: https://linktr.ee/lunexnetwork

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