The Celestia (TIA) network is planning to release over 176 million TIA tokens worth $1.07B by the end of October. While this has sparked mixed reactions online from token holders and investors alike, the price of TIA token has continued to consolidate below resistance level.
Meanwhile, the Render (RNDR) token is also navigating a bearish trajectory as it has witnessed a progressive price decline in the past month. In contrast, Lunex Network (LNEX) is drawing the attention of crypto whales with its innovative DeFi iteration. The presale star essentially introduces a faster and cost-effective way to swap and transact cryptocurrencies.
Lunex Network Attracts Crypto Whale With Revenue-Share Model
The Lunex Network (LNEX) is already establishing itself as the next breakthrough token on the Ethereum blockchain. Essentially, the DeFi protocol aims to increase crypto transaction speed by cutting down the process involved. Unlike most DEX platforms, Lunex Network makes it possible to swap and transfer crypto assets in one single process, thereby facilitating an instant multi-chain transaction.
In Particular, users can swap over 50K cryptocurrencies in the same manner as explained above. But more importantly, they can do so completely anonymously as the platform does not require any KYC documentation or third-party wallet. Moreso, Lunex Network provides a first-of-its-kind revenue-share model that allocates a portion of its profit to repurchasing the LNEX token from the open market in order to redistribute them among token holders.
Furthermore, Lunex network caters for institutional service providers, offering over 65 free RPC nodes for Web3 development. Additionally, there is a B2B merchant payment gateway which when integrated by business, makes it possible to accept crypto payment and convert into fiat and vice versa. Meanwhile, the native $LNEX token which powers the network’s entire operations, currently sells for $0.0019 in its fifth presale stage after rapidly selling out the first 4 stages.
Celestia Loses Bullish Momentum Amidst Deteriorating Year-to-Date Price Outlook
The Celestia (TIA) token, like most top performing cryptocurrencies, has had a smooth run from the beginning of the year. Although, in this case, TIA price was not able to keep up with its bullish momentum. After it surged from a yearly entry price of $2.20 to a peak level above $20, TIA price has been facing a progressive decline.
Currently trading within a weekly price range of $6.14 and $4.80, TIA price reflects over 12% decline in the past seven days, which further compounded its monthly decline. With over 14% decline in the past month, TIA token has now maintained a 4-months consolidation below the $7 price mark.
Regardless of its progressive decline, The TIA token’s year-to-date price outlook remains positive as it holds on to a +155% price gain. Albeit, there seems to be no end in sight for TIA price decline as its technical indicators, including moving averages pointing at a strong sell signal.
Render Token Faces Extended Consolidation as Price Decline Hits Deeper
Similar to TIA token, Render (RNDR) has also witnessed a progressive decline in the past year. In particular, RNDR price made a giant stride to a yearly peak of $13.15 from an entry price of $2.26. While this marked a notable surge in its price trajectory, RNDR token has lost grip of its bullish momentum as it currently trades within a weekly price range of $5.38 and $4.80.
With about a 4% decline in the past week and over 21% in the past month, RNDR token’s YTD outlook has moved further away from recovery. This also means that the RNDR price has now been consolidating below the $7 price mark for 3 months, which puts it further away from its ATH.
Although the Render community is still very optimistic about a potential price resurgence, RNDR token’s moving averages also point to a strong sell, which suggest that the current trend may persist for a while before any significant improvement takes place.
Can Lunex Network Outperform Celestia and Render This Q4?
Both Celestia and Render exhibit little to no likelihood for a bullish Q4, especially considering their progressive decline in the past year. In contrast, Lunex Network has demonstrated exceptional prowess in the presale market after hitting the $1.5M funding milestone. This, coupled with its unique swapping model and institutional focus positions Lunex Network and its native LNEX token for exponential growth this Q4.
Discover the Exciting Opportunities of the Lunex Network Network (LNEX) Presale Today!
Website: Lunex Network
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