Ethereum

Solana

DeFi

TRON

As Solana (<a href="https://yellow.com/asset/sol" rel="noopener noreferrer nofollow">SOL</a>) and Ethereum (<a href="https://yellow.com/asset/eth" rel="noopener noreferrer nofollow">ETH</a>) surged over the week, crypto whales are now <a href="https://bitcoinist.com/ethereum-and-solana-whales-believe-this-emerging-crypto-could-reshape-the-50b-defi-industry-sparking-mass-adoption/" rel="noopener noreferrer nofollow">talking about</a> a new token Lunex Network (LNEX) which is currently in the presale phase, promising of 1800% returns.
While Ethereum ETF inflow touched $135.92 million this week, the crypto community charged up and supported the token, causing it to register a 1.46% intra-day surge to trade at $3,304.64.
Meanwhile, the ETH volume declined 31.69% as network activity decreased. Analysts are predicting that the digital asset will rise to the $3,448 resistance level if it draws investors. However, a minor price correction is expected after that.
Meanwhile, Solana is on a winning streak, trying to outdo the top five cryptos after overtaking TRON last week. Although SOL underwent a minor price correction after attaining a weekly high of $225, analysts are of the opinion it will continue to rally as network activity increases.
The digital asset experienced a 2.65% spike in its intra-day value as it reached the $216.26 mark. However, the trading volume of SOL declined by 20.73% indicating a decreased buying activity like Ethereum. Analysts forecast that the token will rally to the $262.01 resistance level if crypto investors turn bullish again.
As Solana and Ethereum experienced a decline in buying activity, Lunex Network (LNEX) is attracting crypto whales with its new DeFi cross-chain trading platform.
Lunex Network has heralded a new crypto trading era by combining centralized and decentralised exchange features on a single non-custodial exchange. Analysts are of the opinion that this crypto will attract traders and investors as cross-chain interoperability is the dream of many traders. So much so that many are expecting LNEX will skyrocket by Q4 ending.
After attracting retail investors in its initial presale phase, Lunex Network is now drawing huge investments from crypto whales. These institutional investors are using the Lunex portfolio tracker and wallet to sort out all digital assets in one place.
The network is compatible with more than 50,000 cryptos and traders can easily track their holdings through it. They can also use the cross-chain network to transfer tokens with a click.
The revenue-sharing model of Lunex Network is further drawing crypto whales as it provides an easy way to earn passive income consistently. Every week, 18% of the network's revenue goes into buying LNEX tokens on the open market. Then these tokens are distributed amongst current LNEX token holders in the form of staking rewards having the highest APYs in the market.
Traders can start earning within 30 days as they get access to the LNEX tokens instantly and can use them in a staking pool.
All these features have already led to an 1800% growth forecast for Lunex Network once the presale phase ends, from the low price of $0.0021.
At the time of writing, SOL was trading at $239, up 2.43% in the last 24 hours while its trading volume declined by 7.44% to reach $8.44 billion and the market cap stood at $113.42 billion. Meanwhile, Ethereum rose 3.03% in the last 24 hours to trade at $3178 with a 15.17% spike in its trading volume which was at $30.46 billion while the market cap was at $381.43 billion.

SOL and Ethereum Crypto Whales Flock To Lunex Network, The Next Big DeFi Token

Yellow News

Other articles published on Nov 18, 2024

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