The Q4 Surge in Cryptocurrencies is Real: Avalanche (AVAX) and Lunex Network (LNEX) Shine
The excitement around Q4 in the crypto world isn’t just hype—several cryptocurrencies are showcasing their potential to be highly lucrative. While many digital assets remain in consolidation near key support levels, others have already begun to rebound. A prime example is Avalanche (AVAX), where a surge in whale activity has pushed the token’s price above the $24 support mark.
Similarly, Lunex Network (LNEX), a rising star in the presale space, has caught considerable attention as it earns the title of Solana’s ‘dApp Challenger’. With six Solana-based DeFi protocols recently crossing the $1 billion TVL milestone, market experts are speculating that the Ethereum-based Lunex Network could soon follow suit.
Can Lunex Network Truly Compete with Solana’s DeFi Protocols?
Lunex Network (LNEX) is making waves in its presale, raising over $540,000 at a presale price of $0.0013 during its second phase. The platform is designed to connect various blockchains while offering a non-custodial crypto exchange, enabling users to trade and swap over 50,000 cryptocurrencies instantly—without the need for KYC or third-party wallets.
Beyond offering user privacy, Lunex Network provides institutional-grade services, such as a B2B payment gateway. Through Lunex’s custom API integration, businesses can easily accept crypto payments and instantly convert them to fiat currencies, which is poised to significantly boost real-world crypto adoption. Additionally, both corporate and retail users benefit from portfolio tracking tools, making it a comprehensive solution for crypto management.
The platform also offers a staking pool where users can maximize earnings by contributing to the network, receiving rewards in the form of trading fees and cashback in cryptocurrencies like Bitcoin, Solana, and others. At the heart of this ecosystem is the native $LNEX token, which market analysts predict could see an 18x increase in value by the time it officially launches, making it a highly attractive option for early investors.
Avalanche (AVAX) Whale Transactions Surge 98%—Can the Price Hit $30?
Avalanche (AVAX) has experienced a notable recovery after dipping to the $24 price range. Analysts view this as a crucial support zone, signaling an impending rally. Whale transactions have surged by 98%, highlighting renewed interest in the AVAX token.
Currently trading between $29.26 and $26.00, AVAX has shown a strong recovery, despite experiencing an 11% decline over the past week. With a positive monthly trend of over 20% growth, the token’s rebound appears to be gaining momentum. Analysts suggest that continued whale activity could push the price past the $30 resistance level. If the broader altcoin market continues its bullish trend, AVAX could make a strong move toward its six-month high of $60.69.
Solana (SOL) Eyes Recovery Amid Positive Network Developments
Solana (SOL) has been making headlines for various reasons, including a bold claim from Sygnum Bank that the blockchain’s scalability could rival Ethereum’s dominance. The Swiss bank hinted that even conservative financial institutions might prefer Solana’s efficiency over Ethereum’s security and stability.
Additionally, six Solana-based DeFi protocols recently surpassed $1 billion in total value locked (TVL), strengthening Solana’s position as a leading blockchain for decentralized finance. Leading the pack was liquid staking provider Jito, followed by Kamino, Jupiter, Raydium, Marinade, and Sanctum, collectively boasting over $2 billion in TVL.
Although SOL experienced a 7% weekly decline, it has shown signs of a rebound from its support level just under $135, with its price fluctuating between $155 and $144. As the token moves closer to the $155 resistance level, Solana’s recovery potential is becoming more evident.
Can Lunex Network Match Solana’s DeFi Success and Overtake Avalanche?
While Solana-based DeFi protocols are renowned for their high throughput and scalability, making them tough competitors for Ethereum-based projects, Lunex Network brings something new to the table. With its unique ability to facilitate instant, multi-chain swaps and transfers, Lunex aims to significantly reduce transaction processing times, positioning itself as a serious contender in the DeFi space.
This innovative approach could propel Lunex Network into the ranks of top altcoins like Avalanche, and possibly mirror the rapid ascent seen in AVAX’s price performance.
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