The post Crypto Market Dips Nearly 5% Amidst Brief Retracement; Investors Turns to Presale Star as Top Altcoins Adjusts appeared first on Coinpedia Fintech News
The crypto market briefly retraced after an extended bull run over the past few weeks. While the market readjustment is not entirely surprising as it is necessary to build some support before it continues its uptrend, Investors are shuffling their portfolios in what appears to be a precautionary move.
Although top altcoins like Helium are still able to retain some momentum and stay above the resistance level, other ones like Tron (TRX) have retraced below this level. On this backdrop, Investors are turning to presale stars like Lunex Network (LNEX) with notable growth potential, thanks to its innovative approach to decentralized exchange.
Lunex Network’s Customer-First Exchange Protocol Breaks Standard protocol
One major problem that decentralized exchanges try to solve is that of interchain interaction or interoperability. While there has been a noticeable progress in this regard with existing DEX exchanges, Lunex Network (LNEX) takes it a notch higher. By connecting isolated blockchains in order to establish a non custodial crypto exchange, Lunex Network facilitates an easy way to convert and transfer over 50,000 plus crypto instantly.
Lunex adopts a customer-first approach in its service delivery, ensuring that users can carry out all transactions without the need for KYC or third-party crypto wallets. Likewise, it adopts an innovative revenue share model which allows token holders to earn up to 18% passive return through staking. Essentially, the platform allocates a portion of its generated revenue towards buying the native LNEX token from the open market, and then redistributes it among token holders.
Meanwhile, the exchange also offers institutional services, providing instant access to 65+ RPC nodes for Web3 development needs. This way, businesses and developers can integrate Lunex Network’s custom gateway payment, thereby enabling them to easily accept cryptocurrencies as a form of payment method.
The best part of all of these is the native LNEX token which is the primary medium of exchange within the Lunex ecosystem. While it doubles as a governing token, the LNEX token facilitates activities such as staking, reward distribution, and ultimately provides token holders with passive revenue. Currently priced at a modest price of $0.0013 in the second presale phase, the LNEX token is anticipated to yield between 18x and 50x post launch.
Again, Tron Price Falls Below its Monthly Resistance Level
Following a series of struggles that led to Tron (TRX) token crossing the resistance level at $0.156 to reach a peak of $0.158, it is once again back below this level due to recent market retracement.
While Tron price traded above the resistance level about a month ago, it quickly lost momentum over the following weeks, hitting a low of $0.148 on multiple occasions when it attempted to cross the resistance level.
The native TRX token eventually rode on the back of the recent bull market and crossed the resistance level, which sadly didn’t last for long as it currently trades within a weekly price range of $152 and $0.155. With a little above 2% gain in the past week and roughly 1% decline in the past month, investors are not sure how long it will take the native TRX token to break past the resistance level.
Helium Price Struggles to stay Positive Amidst Sever Fluctuation
Like Tron, Helium is not spared from the effect of the recent market downturn. However, the native HNT token has managed to hold on to some of its profits from the previous rally. While it currently trades within a weekly price range of $7.54 and $7.87, HNT price reflects a little over 4% price gain in the past week and nearly 8% in the past month.
Considering its strong resistance amidst current market reality, market analysts are of the opinion that the price of HNT token could retest its month-long high of $8.50 and potentially approach its 8-month ATH of $10.05. Regardless, HNT token’s year-to-date price chart reflects over 416% increase which is a generally bullish outlook.
Can LNEX Outperform TRX and HNT Tokens?
Although both Tron and Helium tokens have established a history of resilience, the native LNEX token introduces a unique revenue share model that gives it an edge over most top altcoins.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
