Although some traders think the bull run is over, others still hope for a continuation. Analysts have discovered some fascinating coins in the conversation on the altcoins likely to trigger the next bull market. Among these alt coins are Avalanche (AVAX), Solana (SOL), and Lunex Network (LNEX).
While Solana (SOL) and Avalanche (AVAX) are actively traded in the market, recording notable price movements, Lunex Network is undergoing its presale phase but is entering the spotlight as a result of the solutions it brings to the challenges faced when using traditional decentralized exchanges. Moreover, this is causing anticipation of a huge rally for the LNEX token.
Lunex Network Offers an Innovative Revenue Share Model
Lunex Network is one of the first community-backed DeFi protocols that promises to share its weekly revenue with token holders. This makes Lunex Network an excellent choice for individuals who are seeking platforms to make passive income. Just by being a holder of the LNEX token, users will benefit from the profits made from transaction fees on Lunex Network.
Moreover, this aligns with the interests of both the Lunex Network platform and its community. Additionally, Lunex Network provides users with institutional-grade liquidity. This ensures that traders will have swift and efficient transactions that are free from slippage. Moreover, this is very important for traders who execute large orders and who engage in high-frequency trading.
They won’t have to worry about market prices deviating significantly after they execute their trades. Meanwhile, LNEX token holders will also benefit from discounted fees when carrying out transactions. Interestingly, the utility token for Lunex Network, LNEX, is currently selling for as little as $0.0017 in stage 4 of the presale, with this price expected to increase rapidly as Lunex Network continues to gather huge attention!
Solana TVL Growth and Network Activity
As per recent news, the Solana TVL in DeFi has finally surpassed $6 billion, a level not reached in almost three years. Meanwhile, this increase in Solana’s DeFi total value locked shows that DeFi activity is increasing across the Solana network. Anyway, it might interest you to know that more than 40 million Solana (SOL) tokens are now locked in various protocols.
Not only that but this accounts for roughly 8.66% of the total circulating supply. Additionally, this indicates a significant level of participation in lending protocols, DEXs, and liquid staking initiatives, excluding native Solana (SOL) staking. However, the way DeFi resurfaced on the Solana network is particularly evident on Raydium.
Meanwhile, the increasing prominence of Solana (SOL) in on-chain activities, especially within the expanding meme coin sector, is probably fueling this DeFi resurgence. Anyway, the Solana network now commands about 31% of the global DEX volume, and this marks the highest dominance in about 2 months.
Avalanche Price Chart Analysis
Though it has increased more than 15% over the past month, the Avalanche price has been varying between $23 and $31 over the past few weeks. On the Avalanche price chart, we particularly note a breakout from a declining wedge pattern. This implies Avalanche (AVAX) is preparing for a notable optimistic movement.
The Avalanche price is trading above the 50-day simple moving average (SMA), but it is not yet rallying beyond the 200-day SMA. This presents Avalanche (AVAX) with a mixed picture. Moreover, the altcoin is yet to enter the overbought zone and the 14-day RSI stays below 50.
Should the bulls be able to sustain Avalanche (AVAX) above the $25 support, the altcoin is quite likely to surge to $30 in the next few days. Furthermore, experts remain hopeful about Avalanche’s long-term future.
Lunex Network Set To Outshine Solana and Avalanche
Even though Solana (SOL) and Avalanche (AVAX) are recording optimistic price movements, Lunex Network is set to yield huge ROIs, more than these other altcoins, as a result of its innovative features that simplify DeFi and provide solutions to current challenges seen among DEXs.
Moreover, with the increasing rate of presale token sales, analysts anticipate a 1,800% price surge for the LNEX token after it is listed.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
