After a memorable 400% rally, Ripple (XRP)’s momentum has stalled as investors began taking profits. Meanwhile, Tron shows signs of strength after the pullback for the newly-achieved all-time high.
A newcomer is also gaining significant traction — Lunex Network, which is set to redefine the DEX space with its innovative cross-chain platform.
Another Leg Up Incoming For Ripple?
In a single almost uninterrupted move, Ripple (XRP) soared to $2.84, a level unseen since early 2018. However, this impulse lost strength as resistance intensified, forcing a retracement in the Ripple price. Right now, Ripple is consolidating around $2.50 after buyers stepped up to scoop up the dip to $2.25.
During this surge, Ripple rose to $142 billion, which saw it surpass at once Solana, BNB, and even Tether, placing XRP as the third biggest cryptocurrency on the market. Moreover, after months of rigorous testing, the launch of Ripple’s RLUSD stablecoin is drawing near. This will place Ripple at the forefront of the stablecoin industry and likely lead to new rallies that could see XRP reclaim $3 by the end of the year.
Tron Enters Accumulation Phase After Reaching ATH
Tron (TRX) has been one of the strongest performers in 2024 demonstrating surprising resilience throughout the turbulent summer months. In November Tron started flying as it surged by over 150%, reaching a new all-time high of $0.43.
As selling pressure grew, Tron saw a pullback and is now selling for $0.32 with flat price action on the daily timeframe and a 55% weekly increase. Trader and analyst Evan Luthra points out that Tron is currently retesting breakout levels. A successful rebound from this support could see it conquer new heights, with the first major target being $0.65, which in turn, would pave the way for a $1 TRX.
How Lunex Could Change The DEX Game
Lunex connects isolated blockchains into a single DeFi protocol that will allow users to trade between 50,000 different assets at lightning speed. The platform integrates major blockchains, including Tron, Ethereum, and Solana, offering competitive swap prices and unparalleled ease of access.
The platform doesn’t require a KYC verification or third-party wallet connection. Users can seamlessly swap cryptocurrencies just by selecting the ticker, providing the receiving address, and confirming the transaction. Furthermore, users can use the Lunex Pro subscription service to gain access to a wide array of advanced trading tools, which include cashback bonuses and AML wallet checks.
Lunex Network will provide users with an exclusive DeFi wallet and dedicated portfolio tracking for efficient asset management across various asset classes, including crypto, stocks, and bonds. Its goal is to offer a complete, 360-degree DEX experience that can meet the needs of every type of client.
Businesses can take advantage of a special interoperable blockchain bridge, via the Lunex B2B payment gateway API. This means that they will be able to accept cryptocurrency payments that can be quickly swapped into fiat money at the best possible rate.
Holders of the $LNEX token will be granted recurring staking rewards via Lunex Network’s revenue-sharing mechanism. The exchange will reinvest a portion of its weekly profits and distribute them among holders for up to 18% APY.
Right now, the $LNEX presale is in full swing and tokens sell for just $0.0038. Half of the total supply is up for grabs during the presale, and a massive 18x rally is expected by the end of the event. Demand is growing rapidly as over $4.6 million has been raised in record time. When taking into account all that the project has to offer, massive price multipliers could be in store once $LNEX hits the markets. The best time to take action? Today!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
