Despite XRP’s prices being in the red, Ripple Network just won a platinum award for the “Best Cross-Border Payments Platform”. This recognition which was awarded by Juniper Research’s Fintech and Payments Awards has attracted positive sentiment towards Ripple token.
While Ripple token holders celebrate this new milestone, investors are increasingly buying in with this new altcoin– Lunex Network. With an extensive DeFi ecosystem and lower DEX transaction fees poised to surpass that of Sui (SUI) Network, this new altcoin is racking up significant traction in the presale market.
Lunex Network Solves Cross-Chain Transaction Issues With Its Extensive DeFi Protocol
Lunex Network (LNEX) operates as a DeFi and Ethereum-based network that connects multiple blockchains while allowing fast and cheap cross-chain transactions without needing a third-party custodian like MetaMask wallet. It mainly will enable users to swap over 50K crypto pairs on its DEX platform while offering digital asset management services for crypto, bonds, stocks, and ETFs.
For users who seek an enhanced DeFi experience, Lunex Network has a specialized feature, Lunex Pro, which offers extra subscription-based privileges. For instance, Lunex Pro subscribers get cashback on every transaction, can access premium staking, and can perform AML checks to safeguard their funds. Interestingly, the network features a buy/back and burn mechanism which reduces the token supply over time, increasing its demand and value.
With a limited supply, the value of $LNEX—Lunex Network’s native coin—is set to grow, especially with the platform’s buyback strategy boosting demand. Experts have further projected up to 1800% growth by launch and up to 50,000% post-launch. In anticipation of its imminent gains, investors are rushing to buy its token in the third presale stage at $0.0015.
Positivity Brews For Ripple Token As The Crypto Platform Scores Major Milestone
In the past year, the Ripple (XRP) token has remained in a stagnant price range of $0.41 to $0.71, mainly because of its lingering legal issue with the US Securities and Exchange Commission. However, as Ripple (XRP) recently won the “Best Cross-Border Payments Platform” award, positive sentiments are coming up for the Ripple price.
While the XRP token is expected to rise considerably due to this huge milestone, its price has only increased slightly above 2% in the past seven days. In the past month, Ripple’s price also dropped by over 7% below its crucial $0.55 mark.
Ripple’s further decline despite its major milestone only shows how much hold SEC’s appeal has on the price of Ripple (XRP). Overall, with more partnerships and possible positive end to SEC’s legal appeal, Ripple token could escape its bearish phase.
Sui Network Continues Monthly Surge After Trading Volume Breaks Record
Looking back at the past four weeks, the price of Sui(SUI) token has been nothing short of impressive. Notably, Sui started a gradual bullish rise in the middle of September and has maintained this trend ever since.
After Sui network volume broke a record by surpassing $800M on September 24th, the cryptocurrency continued its upward surge and eventually hit $2 from $0.925 in less than three weeks.
While Sui token has settled in a weekly price range of $1.64 to $2.19, its 94.74% month-long rise suggests it might see higher price levels this Q4. This is further corroborated by its directional moving averages, which point to a strong buy signal for this altcoin.
If Ripple’s SEC Appeal Stays Unsettled This Q4, Can Lunex Network Overtake It?
The SEC’s legal appeal on Ripple Labs has indeed been a blocker for the cryptocurrency for the past four years. Should this appeal remain unsettled this year, Lunex Network can potentially overtake the altcoin this year or in Q1 2025.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
