While Polygon and XRP aim for potential 2x returns by the holiday season, some investors are looking further ahead at Lunex Network, a newer blockchain player with prospects of a 10x gain. Lunex Network’s appeal lies in its unique decentralized finance (DeFi) infrastructure, which promises robust scalability and speed, key attributes that align well with rising market demands.
With the current market momentum, Lunex Network could see significant growth, attracting those seeking higher returns than more established coins.
Polygon Continues To Face Bearish Pressure
Polygon has seen sustained bearish pressure, with a 30-day low of nearly 15%. Over 98% of Polygon holders are experiencing losses, reflecting the negative sentiment surrounding the token.
Nevertheless, this price drop didn’t stop the Polygon network from increasing activity, especially in the DeFi sector. Polygon’s DeFi Total Value Locked (TVL) reached $1.164 billion, the highest level since March, indicating more DeFi apps are being used on the network. Polygon also has steadily grown its DeFi trading volume to $267 million.
The main contributor to this growth is Polymarket, a betting platform on Polygon, which alone accounts for $353 million of the TVL. Polymarket’s TVL almost tripled last month as anticipation of the coming U.S. elections accounted for much of the latest improvement.
XRP (XRP) And SEC Legal Battle Moves To The Next Stage
Ripple’s legal fight with the U.S. Securities and Exchange Commission (SEC) remains a top concern. The Second Circuit Court of Appeals last week established a Jan 15, 2025 deadline for the SEC to appeal. This date puts more pressure on the SEC and also highlights the case’s significance for the crypto sector. Meanwhile, Ripple is also acquiring additional licenses in Dubai to grow its international footprint.
A recent transaction regarding 31.1 million XRP (about $15.8 million) moved out of an anonymous wallet to the Bitso exchange has been reported by the XRP group. Such large transfers usually indicate possible selling pressure and may affect XRP’s price.
Lunex Network (LNEX) Is The Go-to Platform for DeFi Investors
Lunex Network is a hybrid exchange platform that understands how high fees take a huge cut into high frequency and high volume traders’ profits very rapidly. To address this, the exchange platform offers the lowest trading fees available, reducing users’ financial burdens and enhancing the trading experience. This approach allows for smoother and more confident transactions.
In addition to low fees, Lunex Network offers a unique merchant payment gateway, enabling companies to easily accept cryptocurrency and convert it to cash instantly. Lunex Network also provides a Portfolio Tracker to help users manage investments. $LNEX token holders can start staking immediately to earn passive income. The platform’s revenue-sharing model offers staking rewards of up to 18% APY within 30 days, encouraging early participation. This approach aligns with Lunex Network’s goal of fostering long-term engagement.
This presale offers early investors an exciting opportunity to join a pioneering DeFi project before it gains significant value. With over 1.1 billion $LNEX tokens sold and more than $1.5 million raised, interest is clearly growing. Investing now in Lunex Network means positioning yourself within the next wave of DeFi innovation, with its low fees and impactful trading features.
In a market filled with possibilities, Lunex Network is rising in prominence and is on track to outshine projects like Polygon and XRP. By participating in the presale at $0.0019, early investors stand to benefit from this innovative project’s growth and gain a valuable position in DeFi’s future.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
