The market is seeing recoveries across the board. Ethereum (ETH) and The Graph (GRT) investors have started paying attention to an emerging newcomer in the DeFi space. Many of them have started rotating profits in this incredibly successful presale.
Lunex Network has already amassed more than $830,000 in funds during the ongoing presale of the native $LNEX token. But what makes this protocol so special and why could it revolutionize DeFi? Let’s find out!
Ethereum (ETH) Is Still Battling The Range
The Ethereum price ranges between $2,400 and $2,600 and neither bulls or bears have been able to take the upper hand. Currently, Ethereum sells for $2,625 with a noteworthy 7.3% increase.
Despite this, the sentiment around Ethereum, especially regarding its short-term performance, is largely negative, as the 2nd largest crypto failed to live up to expectations. After an underwhelming ETF rollout that is struggling with constant outflows of capital and speculations around the lack of transparency regarding alleged mismanagement of funds. Ethereum finds itself in a tough position. To make things worse, layer 1 competition is getting more and more aggressive, with newer, leaner protocols capturing significant market share.
Analysts are still confident that Ethereum will see significant surges in the upcoming months, but aren’t really holding their breath when it comes to the $10,000 target, although this is crypto and everything is possible.
The Graph (GRT) Is Soaring, Reversal Soon?
It’s a green Monday and the graph chart has been flooded by much-needed green candles. Today, The Graph is trading at $0.17 with an 11% intraday increase and an 18% monthly increase. The CoinMarketCap sentiment gauge shows that 90% of The Graph holders are bullish, and analysts believe that the chart could be foreshadowing an imminent reversal.
Over the last few months, The Graph has launched a series of partnerships that further expand its already vast ecosystem. For starters, The Graph has launched a collaboration with Coinbase’s own Ethereum layer 2 scaling solution, Base, allowing for the deployment of The Graph’s indexed smart contracts. Another partnership was also launched just a few days ago, this time with Chiliz, a platform that brings web3 solutions to sports leagues and entertainment.
Lunex Network Will Redefine DeFi
With DeFi still being a relatively young market in the crypto sphere, there is still opportunity for great returns. However, the space has been plagued by a wide array of issues that have stunted its widespread adoption: liquidity, high fees, slow transaction speed, and poor interoperability between blockchains.
Lunex Network solves all this thanks to its innovative cross-chain protocol that seamlessly integrates over 50,000 different assets and supports 40+ major blockchains. This means that users will enjoy instant swaps at the lowest possible fees. Slippage is also reduced to a minimum as Lunex sources liquidity from all the different blockchains.
Moreover, users will also enjoy complete privacy as they engage with the platform. Lunex Network requires no KYC verification, making the mishandling of sensitive data impossible. No third party is required either, to complete a transaction users just need to select the currency pair, provide an address, and confirm. It doesn’t get any simpler than this.
Lunex Network will offer an exclusive DeFi crypto wallet and an asset manager feature, allowing users to track multiple asset classes and not just crypto. This includes stocks, bonds, NFTs, and more.
This is just the tip of the iceberg as Lunex Network boasts an incredible array of features that are hardly found anywhere else. A premium subscription service, a B2B payment gateway, and access to 65 RPC nodes for decentralized web3 development. Head over to the website to discover all that Lunex Network has in store.
Enter The $LNEX Token
The most intriguing feature, however, is the revenue-sharing protocol powered by the native $LNEX token. Users will enjoy up to 18% APY as a reward for staking the token on the platform. To sustain this, Lunex will perform open market buybacks of $LNEX by reinvesting a portion of its weekly revenues. These tokens will then be redistributed to holders.
Currently, $LNEX is selling for just $0.0015, and stage 3 of the presale is nearly sold out. By the end of the final stage, an 18x rally is expected, and once $LNEX hits the markets, experts anticipate another 100x multiplier in 2025.
There has never been a better time to get involved than now! Don’t miss out!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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