Toncoin and XRP are locked in a holding pattern in September. A good number of XRP and TON holders, therefore, have been exploring new crypto investment opportunities. One of those is Lunex Network (LNEX), whose presale has just gone live with stage 1. LNEX is a decentralized exchange protocol that enables users to spot trade over 50,000 crypto pairs directly from their wallets—without requiring KYC. Analysts believe that LNEX could skyrocket in value as a future player in the DeFi crypto ecosystem.
Toncoin rally goes tepid after early September plunge
TON confounded expectations last August after going on a 30% increase even as the market was in the midst of a major correction. However, that Toncoin rally has gone cold in September. Toncoin is still sitting on a 16% loss in the past 30 days, cooling off in a major way since its hot run at the beginning of August. Crypto analysts believe it won't be too long until Toncoin recovers; as evidenced by the myriad of meme coin and GameFi projects, Toncoin could very well still make a short-term recovery. Toncoin's growth will also bolster the demand for Lunex, which should capture a portion of the Toncoin liquidity through spot trade transactions.
XRP run stalls after hot start to the month
XRP was being touted for big things in 2024. But as the year draws to an end, XRP is no closer to the much-awaited run to $1. After coming agonizingly close in March with a run to $0.71, XRP's price action has remained suppressed for most of the year. Currently, XRP trades at $0.58—but it remains to be seen whether it has the legs to retest its yearly high of $0.71 before the end of the year. $1 is more likely for XRP once it clears its long-standing legal issues with the SEC. Until then, expect choppy price action for XRP. Like Toncoin, XRP is another token users will be able to spot trade on the Lunex multi-chain bridge network.
Lunex Network presale surges; new DEX enables users to spot trade 50K crypto pairs
The DeFi crypto industry is expected to bounce back strong in the next bull run—and decentralized exchanges will be at the forefront of that growth. That's why the smart money is betting on undervalued and low-cap DeFi-adjacent projects that could bring in significant gains. One of those is Lunex Network, a next-generation decentralized exchange solving the common pitfalls of existing DEXs. Lunex enables users to spot trade over 50,000 crypto pairs with robust liquidity, giving DeFi users a low-fee, fast, and secure DEX to work with straight from the comfort of their own wallets.
As well as the multi-chain bridge network, Lunex Network has a whole host of products within its armoury including their own DeFi wallet, Portfolio Tracker and Crypto to Fiat Debit Cards that includes a B2B Merchant Service. A huge move that will push real-world business adoption into the crypto space.
Thanks to its on-chain and off-chain architecture, Lunex effectively fixes the common pitfalls of DEXs, such as failed transactions, latent performance, and high slippage. Lunex's superior UX makes it a strong contender to skyrocket when the next DeFi crypto boom comes around. Lunex offers the same industry-grade liquidity and security needed by traders which combines the best aspects of centralized exchanges with those of Web3. It is for this reason analysts believe Lunex could be in for parabolic growth in the coming years.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
