New DeFi Protocol Prepares to Leave Polkadot and Litecoin Behind with Key Metrics Pointing towards Rally | Coinspeaker
LightChain
Sponsored

New DeFi Protocol Prepares to Leave Polkadot and Litecoin Behind with Key Metrics Pointing towards Rally

Lunex Network is a new DeFi project that is coming up with innovative ideas to solve common issues people face while trying to trade or swap cryptocurrencies in exchanges.

Andy Watson By Andy Watson Julia Sakovich Edited by Julia Sakovich Updated 4 mins read
New DeFi Protocol Prepares to Leave Polkadot and Litecoin Behind with Key Metrics Pointing towards Rally
Photo: Lunex Network
This content is provided by a sponsor

The crypto market rally of Q4 has commenced, with Bitcoin BTC $105 022 24h volatility: 0.6% Market cap: $2.08 T Vol. 24h: $18.54 B on the verge of a massive breakout. According to popular analyst Ali Martinez on X, crypto whales recently cashed in over $1.4B in profits as investors anticipate a massive market boom. While Litecoin and Polkadot are preparing for a bullish breakout, a new project is taking the market by storm.

A few weeks after the launch of the presale, Lunex Network has raised over $1.6 million, giving early buyers a 58% ROI. Market watchers think that the LNEX token will surge by as high as 50x in the coming weeks, driven mostly by its next-generation DeFi exchange, which is set to rival top exchanges like Uniswap.

Lunex Network Trading Exchange Backed for Massive Surge in Q4

Lunex Network is a new DeFi project that is coming up with innovative ideas to solve common issues people face while trying to trade or swap cryptocurrencies in exchanges. The Lunex Network was developed to connect different blockchains together and establish a non-custodial exchange.

The platform prioritizes anonymity with no KYC checks required and users don’t need to connect wallets like Trust Wallet as the only thing needed is the receiving address. All orders are processed through smart contracts instead of AMM, solving issues of delayed transactions. Using the DeFi wallet, users will be able to buy, sell and swap cryptos all from one account.

Like the BNB token’s strong utility in the Binance exchange, the LNEX token holds strong utility in the ecosystem. All merchant and token listing fees will be paid in LNEX, creating buying pressure and boosting the price. Token holders will also unlock discounts on transaction fees and also benefit from the profit-sharing model.

Using the Lunex Network profit sharing model, the team will buy LNEX tokens from the open market with part of the bought token redistributed to LNEX holders, fostering community development. At the ongoing stage 5 of the presale, the LNEX token is sold for $0.0019. Given the numerous use cases in the ecosystem, it is expected to hit $0.1 in Q4 and $1 in 2025 making it the next 100x crypto to snap up this year!

Litecoin Price Forecast: LTC Price Volatility Spikes as Founder Hints at ETF Approval

Barely a week after US-based fund manager Canary Capital filed an S-1 application with the US SEC for a Litecoin spot ETF, the LTC price LTC $123.7 24h volatility: 1.5% Market cap: $9.34 B Vol. 24h: $990.56 M has spiked, reaching over $76 in the past few days before the latest retracement. The firm, founded by former Valkyrie Funds co-founder Steven McClurg, was the first to apply for a Litecoin ETF.

Reacting to the news on X, Litecoin Founder Charlie Lee expressed optimism that the Litecon ETF would be approved by the SEC as early as 2025. While a Litecoin spot ETF approval is unlikely, recent market actions suggest the crypto could spur more bullish momentum in the coming days.

According to Market data, the Litecoin trading volume is booming, and there are high expectations that the LTC price will hit the $100 mark soon. Crypto analyst Rose Premium Signals thinks that Litecoin has successfully broken out of its descending channel. However, Rose suggests that the LTC price needs to retest above the channel to confirm a breakout.

Can the Polkadot System Upgrade Trigger a Bullish Reversal?

Polkadot has just taken a step forward with the launching of Asynchronous Backing as part of the much-expected Polkadot 2.0 upgrade. For blockchain enthusiasts, this major upgrade will boost performance with parachain block times dropping from 12 seconds to a near instant pace.

With the mission of providing a platform for other blockchain projects to build dApps, the recent Polkadot network upgrade is projected to lead to more adoption, mainly because faster transactions mean less waiting time and a more responsive network.

Meanwhile, CoinMarketCap data shows that Polkadot’s price has dipped by 6% in the past week, with the DOT DOT $6.35 24h volatility: 0.7% Market cap: $9.66 B Vol. 24h: $135.63 M token hovering around the $4 support zone. However, Polkadot’s trading volume is witnessing a rise, which is expected to spur a bullish reversal. With Polkadot’s bearish market sentiment, the bulls will need to do more to push the price up.

Cryptos that Could Experience Bullish Rally in Q4

The Q4 bullish super cycle is on the way, and investors are using the recent dip to build up their wallets. Although down, Litecoin and Polkadot have what it takes to spur a bullish reversal in the coming weeks. For Lunex Network, rising interest could push the LNEX token up, with potential 50x rallies on the horizon.

Discover the exciting opportunities of the Lunex Network (LNEX) presale today. Visit the project’s website and social media accounts.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Polkadot (DOT) News, Litecoin (LTC) News, Sponsored
Andy Watson
Author Andy Watson

Please check out latest news, expert comments and industry insights from Coinspeaker's contributors.

Andy Watson on X