What Is Lunex Network (LNEX) and Why Are Solana (SOL) Whales So Desperate To Acquire It?

October 15, 2024
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2 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

Solana (SOL) experienced one of the most phenomenal runs over the past few years. However, it’s safe to say that Solana already reached the point of diminishing returns. Whales looking for massive multipliers are now on the lookout for new, promising projects.

Lunex Network is a new DEX platform still in presale and is increasingly gaining traction. Let’s discover why analysts believe it could yield 100x returns in 2025.

Solana Bottoms Out, New Surge Incoming?

Solana (SOL) is one of the hottest Layer 1 platforms and many experts believe it could give BNB and Ethereum a run for their money as the cycle progresses. Currently, Solana sells for $136 with a 3.3% intraday decrease. Around the end of September, Solana tapped the $160 level several times, but these gains were ultimately returned to the market as Solana is now resting on range lows.

Nonetheless, sentiment around Solana continues to be bullish, despite the imminent unlocking of SOL tokens that could lead to a volatility surge in the short term. 

Meanwhile, just a few hours ago, payment platform Stripe announced that they will start accepting Solana-backed $USDC and $USDP stablecoins. Between technological developments such as the Firedancer upgrade, and increasing talks about a possible SOL ETF, Solana is primed for a massive Q4 and an even bigger 2025.

Lunex Network’s Simplified Trading Experience Could Save Investors Thousands Of Dollars 

Lunex Network provides an unparalleled user-friendly experience, simultaneously emphasizing privacy in the process. As the platform has removed the requirement for KYC (Know Your Customer) verification protocols, users can trade without needing to submit a form of ID like a passport or driver’s license. This no-KYC reduces friction to access the platform, mitigating the hassle of alternative exchanges which are particularly rife with intrusive CEX’s.

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Unlike CEXs, users retain full control over their private keys and assets as part of Lunex Network’s non-custodial trading experience. This feature is ideal for traders seeking a more secure platform, and with the FTX controversy at the back of investors' minds, this is expected to drive immense hype to the Lunex Network platform.

Additionally, Lunex Network eliminates the need for users to connect with external wallets like MetaMask or PhantomWallet, minimizing the risks that often come with wallet integration. This also bolsters the efficiency of the swapping process, and with just a few clicks, users can trade between more than 50,000 different blockchains and networks. All of these measures serve to simplify the crypto trading and investment experience in a fast-moving sector where delays and setbacks could potentially cost thousands upon millions of dollars.

This isn’t an exhaustive list– Lunex Network harnesses a myriad of other benefits, including immense staking rewards where users can enjoy 18% APYs, and streamlined B2B cryptocurrency-to-fiat conversions. These benefits have led analysts to the conclusion that Lunex Network will 100x by 2025, and experience rallies around 1800% in Q4.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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