The Sui Network (SUI) has been in the spotlight lately, following its latest upgrade which incorporated SCION for network validators, a more secure alternative to the Border Gateway Protocol. While this has got the attention of many including Cardano founder, Charles Hoskinson, the positive reception has also boosted the price of the native SUI token.
Meanwhile,fast-rising DeFi protocol, Lunex Network (LNEX) is also drawing enormous attention with its show of strength in the Presale market. In contrast, Chainlink (LINK)’s recent collaboration with Taurus could barely save it from a severe market fluctuation. Can Lunex steal the spotlight in the meantime?
Lunex Network Aims to Lead a New Era of DEX Exchange Protocol
The DeFi community has just witnessed the arrival of Lunex Network (LNEX) which brings a fresh perspective to crypto exchanges. Notably, the DeFi protocol connects all isolated blockchains and establishes a non custodial crypto exchange that facilitates instant trade and swap of over 50K crypto assets across multiple blockchains at a very low cost.
While that’s not the best part, users get to do all of this without having to worry about privacy, considering the DeFi protocol does not require KYC nor the integration of third-party wallets, thus ensuring complete anonymity. Moreso, by adopting a community-first approach, Lunex Network offers rewarding incentives that include allocating a percentage of its revenues via its native token, $LNEX.
This revenue-sharing model, combined with its customer-centric approach to tackle the challenges faced by traders during cross chain activities have attracted over $600k to its presale revenue. Meanwhile the native LNEX token is currently selling at an ample price of $0.0013 in the second presale stage, with analysts predicting a 100X surge post-launch.
Sui Network Upgrade Fetches Attention, SUI Price Registers Outstanding Surge
The Sui Network (SUI) has gotten a lot of complimentary remarks following its latest network upgrade. Notably, Cardano founder, Charles Hoskinson recently applauded the effort of the team behind the project, which got a lot of reactions online.
While the latest network upgrade is a crucial one, it particularly solves an existing problem by reducing the possibility of malicious attacks. Considering the positive impact this will have on the project’s broader acceptance, the Sui Network have now recorded a noticeable increase in network activities.
Currently trading within a weekly price range of $1.99 and $2.19, The SUI price reflects over 25% increase in the past week. Meanwhile, SUI price recently reached an all time high of $2.18, touching its 5-months ATH of $2.18. With SUI price outlook still generally bullish, token holders are optimistic about its potential to create a new high soon.
Chainlink Token Navigates Harsh Market Reality Amidst Price Recovery
Unlike Sui token, Chainlik (LINK) has been undergoing a recovery journey which has been met with severe price fluctuation in the past few months. Notably, the native LINK token traded at its highest level this year in March, reaching a peak price of $21.75. Ever since, LINK price has taken a nosedive, trading below the $10 mark until lately.
While it made some significant effort earlier in the month, reaching a high price very close to $13, LINK price has subsequently retracted back to the levels slightly above $11. Currently trading within a weekly price range of $11.20 and $10.54, LINK price reflects nearly 3% decline in the past week.
Regardless, Chainlink price has gotten the backing of the community with 84% of nearly 5K community members voting in favor of bullish sentiment. Moreso, LINK price has managed to shed only 0.4% of its monthly gain despite a noticeable retraction.
Can Lunex Network Outshine Chainlink and Sui network in Q4?
Unlike Sui which is expected to continue its bullish trend over the next few months largely because of its latest upgrade, Chainlink is barely making substantial progress with its price recovery journey. This has, in fact, forced some investors to seek promising alternatives, a quest that has led most to Lunex Network, which is set to redefine the crypto exchange sector.
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