Lunex Network (LNEX) Token Set for 50x Rallies in Q4

Among the altcoins expected to witness massive rallies are Lunex Network, XRP, and Cardano. While Ripple and Cardano are showing visible signs of a breakout

Bitcoin Surges Past $70K, Triggering Speculations of Bull Season; Altcoins Expected to Follow Suit

The past few days have been eventful in the crypto market. Bitcoin surpasses the $70k mark for the first time since June, sparking anticipation of a bull season. Although altcoins have yet to witness a significant rally compared with their market position of the last bull season, there are high expectations of the altcoin season starting soon.

Among the altcoins expected to witness massive rallies are Lunex Network, XRP, and Cardano. While Ripple and Cardano are showing visible signs of a breakout, Lunex Network has hit over $1.6M in presale funding, signaling a growing interest in the project. Backed by a next-gen DeFi exchange, LNEX is tipped to follow the path of popular exchange tokens like BNB.

Lunex Network token set for 50x rallies in Q4

Less than two months after launching the presale, Lunex Network has drawn the attention of whales who are accumulating the token. Taunted as the next BNB, early LNEX token buyers have made over 50% returns from their investment as the token price moved from the initial $0.0012 to $0.0019 in the ongoing stage 5 of the presale.

For context, Lunex Network is the next-generation Web3 DeFi crypto exchange that aims to connect all isolated blockchains and develop a non-custodial exchange that will allow for instant trading and swapping of cryptocurrencies anonymously. This removes issues of KYC or wallet connected like TrustWallet. All a user needs is the receiving address.

Looking at the ecosystem, traders have the opportunity to trade over 50,000 crypto pairs across multiple blockchains at the lowest fees. To ensure transparency, all orders will be processed through smart contracts instead of AMM. Notably, there is also a portfolio tracker that allows users to track multiple assets like cryptos, stocks, bonds, etc.

In terms of revenue generation, the platform makes money from trading and transaction fees. Even at that, there is also a profit-sharing model aimed at rewarding investors who stake their tokens. Users can also stake their tokens for as little as 30 days and receive up to 18% in APY rewards. Given all these utilities, the LNEX token is expected to hit 50x by the time it launches.

Why investors are buying the market dip

Market data from Lookonchain has shown how institutional investors like BlackRock have continued to accumulate more Bitcoin, demonstrating the rising influence of digital currency. With the upcoming bull cycle, Lunex Network, XRP, and Cardano are potential cryptos that will witness massive rallies. However, given the LNEX's strong utility in the DeFi exchange, it could hit 50x sooner than anticipated.

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