Lunex Network Takes On Avalanche (AVAX) and Polygon (MATIC) With Bullish Q4 Forecast

Blockchain native currencies typically get the most attention when it comes to adding new assets to a crypto portfolio. Usually investors tend to buy into the idea of sustainability and often go for the native currency of a hosting application rather than the hosted assets.

However, this ideology is changing with the emergence of innovative DeFi protocols like Lunex Network (LNEX). Not only does it solve unique challenges within the DeFi ecosystem, it also provides a broadscale solution for both retail and institutional service providers, thereby making it an interesting choice. But how true is this? Let’s find out.

Lunex Network’s Institutional Support Draws Massive Interest 

Fast-rising DeFi protocol, Lunex Network (LNEX) is solving a major challenge inherent in interchain transactions. By connecting isolated blockchains and establishing a non custodial crypto exchange, Lunex Network allows users to instantly swap and send over 50,000 cryptocurrencies across multiple blockchains at the lowest costs. But that’s not the best part.

Lunex Network’s major allure lies in its fully anonymous, non-custodial, and KYC-free network where users don’t need any of their personal details nor third-party wallet to transact on the platform. This ease of use coupled with a unique revenue-sharing model set the Lunex Network apart from its peers. 

Notably, Lunex Network allows users to enjoy up to 18% APY in passive income by staking the native $LNEX token. Asides that, Lunex Network also provides a non-custodial (B2B) payment gateway for global businesses. By integrating the Lunex API keys, corporate businesses can easily add and accept crypto payment methods. Not only that, individuals can also track and manage their crypto portfolio using Lunex’s custom portfolio tracker.

Meanwhile, the part that adds icing to the cake is the network’s tokenomics. The native LNEX token, being the lifeblood of the ecosystem, helps facilitate activities such as token listing, staking, and reward distribution. Currently priced at an ample $0.0013 in the second presale phase, the price of the LNEX token is expected to grow between 18x to 50x by launch, making now a perfect timing for early buyers.

Avalanche Price Maintains Positive Outlook Despite Recent Setback

The price of Avalanche has recently consolidated below its weekly average at $28. Although this sudden decline in AVAX price can be attributed to the broader market retracement, the monthly price chart still reflects a substantial gain of over 14%.

Specifically, Avalanche price had previously hit a weekly and monthly peak price of $30.75, however, unable to sustain its bullish momentum through the recent market pullback. The native AVAX token is currently trading within a weekly price range of $27.91 and $25.51, reflecting nearly 9% decline during the period.

While the price reversal is largely considered a minor setback, token holders remain optimistic considering how well AVAX token has performed all-year-round. Despite a major drop from its 6-month ATH of $60.69, AVAX token has managed to retain a year-to-date price gain of over 173%.

Polygon Network Woes Compounds With Month-Long Price Consolidation

Polygon (MATIC) started off the year bullishly, soaring as high as $1.27 three months into 2024. However, MATIC price movement has since taken a major fall, as it now trades way below its opening price at the beginning of the year. 

Compared to its opening price of $0.56 in January, the native MATIC token is currently trading within a weekly price range of $0.40 and $0.38. This progressive decline has further resulted in over 32% loss in MATIC’s year-to-date price chart.

As MATIC price movement continues on the downward hill amidst the broader market consolidation, savvy investors are seeking alternatives in the presale market, with Lunex taking the spotlight due to its innovative attributes.

Lunex Vs Avalanche Vs Polygon: Which One Has a More Bullish Q4 Outlook?

Unlike Polygon, which is generally bearish, Avalanche has demonstrated more bullish potential in recent weeks. However, despite registering a noticeable YTD price gain, Avalanche’s current struggle with severe price fluctuation casts a shadow of doubt on its chances of sustaining a bullish Q4. In contrast, Lunex has continued to dominate the presale market both in terms of market interest and technology-wise.

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork