Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lunex Network emerges as a decentralized exchange contender, poised to rival Ripple and Sui with smart features and explosive growth potential. Table of Contents Ripple enters up-only mode Sui is retesting lower levels after near-vertical surge Is Lunex Network the next in line for a legendary rally? The rundown of Lunex Network’s capabilities has been fed into AI and the artificial intellect has spoken. With its vast array of features and trader perks, Lunex Network could mimic the rallies that Sui (SUI) and Ripple (XRP) have experienced over the past month. Let’s dive deeper into this new 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 turned around with Donald Trump winning the US presidential election. A mammoth dose of optimism and euphoria was injected into the crypto markets with Ripple being among the main beneficiaries. Shortly after, the head of SEC, Gary Gensler announced his resignation come January 2025. This further galvanized the Ripple community as Gensler played a key role in the regulatory crackdown that saw many crypto projects come under scrutiny. Over the last month alone, XRP soared by a massive 184% with its price tearing through resistance levels with ease. After peaking at $1.63, Ripple experienced a moderate correction and retested the $1.40 support. At press time, Ripple sells for $1.45 with a 7.8% intraday increase. Sui is retesting lower levels after near-vertical surge After a brief consolidation phase around the $2 level, SUI broke out with an explosive move that saw it reach a new all-time high of $3.93. This is where traders started taking profit, forcing a pullback that sent Sui revisiting the $3.12 support where it has currently settled. Despite being a relatively new project in the Layer 1 space, Sui has been enjoying significant attention. Most recently, Sui has started a partnership with Babylon Labs and Lombard Protocol with the goal of introducing Bitcoin staking into its DeFi ecosystem. This means that Sui stakers will be able to directly tap into Bitcoin’s $1.8 trillion in liquidity. You might also like: Analysts bullish on Sui breaking $4, Lunex Network jumps over 158% Is Lunex Network the next in line for a legendary rally? Lunex Network is a decentralized exchange that integrates all major blockchains, allowing users to trade between 50,000+ assets at lightning speed and the lowest possible fees. To ensure the most competitive prices and low slippage, instead of the increasingly obsolete Automated Market Makers (AMMs) Lunex Network utilizes state-of-the-art smart contract technology. Lunex Network grants a vast range of features hardly seen anywhere else. These include an exclusive wallet that can be accessed via phone or desktop and a portfolio tracker app that will allow for efficient asset management with built-in analytics and data feeds. And those who want to take their trading experience to the next level can opt for Lunex Pro, a premium subscription service that will grant access to advanced trading tools and special features such as cashback bonuses and AML wallet checks. One of Lunex Network’s most intriguing aspects, however, is its revenue-sharing mechanism powered by the LNEX token. Every week, the exchange will allocate part of its weekly earnings to repurchase LNEX. This amount will then be redistributed as staking rewards to holders of the token for up to 18% APY. Thousands are flocking to Lunex Network’s viral presale which has already crossed $3 million in raised funds. LNEX sells for $0.0031 and early buyers are already enjoying 158% gains. However, this is still a great entry point as a 1,800% increase is expected by the end of the presale alone, and once LNEX hits the markets, this is where the big price multipliers could come in, especially with the bull market firing on all cylinders. To learn more about Lunex, visit the website and socials. Read more: Peaks predicted for Solana, Lunex Network and XRP: Here’s when to cash out Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
