From Litecoin‘s early scalability solutions to Tron‘s multidimensional approach, DeFi has undergone a dramatic change. While Tron (TRX) remains relevant, Litecoin‘s struggle has experts unceremoniously tagging it as dying. But amidst this shifting landscape, Lunex Network, a new DeFi ecosystem, is taking the front in the next wave of DeFi innovation. This first-in-class, scalable multi-chain bridge network and its slew of innovative features to streamline crypto asset transfers have drawn the attention of DeFi enthusiasts to its presale. Let’s find out why.
Tron slips among DeFi cryptos as meme coin traders lose interest in SunPump
Tron’s recent faltering on the price chart has further strained its position among the top DeFi cryptos. Just last month, Tron (TRX) leaped to its yearly high at $0.168 after Justin Sun praised the network’s meme culture. But its dramatic 6% MoM drop only highlights the fleeting fads of the meme coin hype.
The culprit? Tron‘s meme coin launchpad, SunPump, saw a dramatic fall in activity. In the past week, an average of 400 tokens were created, compared to its peak of 7,531. This decline has directly impacted Tron TRX‘s price. Open interest has also hit a one-month low. This negative outlook has had investors drop in to support Lunex’s DeFi revolution.
Litecoin fades: 84% down from ATH, bearish momentum looms
What could’ve gone wrong with a scalable alternative to Bitcoin’s PoW inefficiencies? Litecoin couldn’t evolve! In May 2021, Litecoin rose to a new ATH of $412 and has since continued to bleed. The once-bright DeFi crypto is dimming as its price loses 84% from ATH to $65.
While the DeFi crypto space continues to evolve with newer scalability solutions, Litecoin has gotten stuck with its old SegWit upgrade. Now, its token is experiencing a colossal fall from grace. Even analysts predict further decline, and Litecoin may stagnate in the $50-$60 range.
Investors snap up the next breakout star, Lunex Network, as crypto ICO cracks on
DeFi is getting a monumental upgrade from the complexity, multichain incompatibility, and hacks that come with exchanges. For an important part DeFi is expected to grows significantly by 2030, Lunex Network is coming with its myriads of innovative solutions to reshape this space.
Lunex’s hybrid user-friendly multichain DEX cuts the complexities of DeFi and asset transfers. Its blend of decentralized alternatives with the ease of centralized exchange has had analysts and investors sing praise about its first-in-class revolution. The platform’s focus on self-custody and security resonates strongly in the wake of recent centralized exchange failures. Take FTX and BKEX, for example.
Besides, Lunex’s innovative hybrid model that offers institutional-grade liquidity and slippage-free trading addresses the key pain points in today’s DeFi. Advanced features like portfolio tracking, cross-chain bridge, and a non-custodial wallet to trade thousands of cryptocurrencies have analysts touting this as the best crypto to buy now in 2024.
But the real excitement is the exclusive benefits, including staking yield, discounts, and node rewards Lunex token holders get. This struck a chord with Tron (TRX) and Litecoin backers, who are now flocking to snap up LNEX tokens in ongoing crypto ICO at just $0.0012. It’s another chance to be part of the next 100x DeFi project from the bottom, and they’re not blowing it away.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork