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Whales eye Lunex for 1,800% growth potential

Whales eye Lunex for 1,800% growth potential

GrafaGrafa2024/10/18 09:10
By:Mahathir Bayena

Dogecoin (CRYPTO:DOGE) and Solana (CRYPTO:SOL) whales have shown growing interest in a new DeFi project, Lunex Network (CRYPTO:LNEX), which analysts predict could experience a significant 1,800% growth by the end of the year. 

The ongoing presale of Lunex Network has already surpassed $870,000, driven by major holders of DOGE and SOL.

Lunex Network is a decentralized ecosystem that aims to simplify the process of swapping coins across multiple blockchains. 

It supports over 50,000 cryptocurrencies, offering low-cost trading, no KYC requirements, and a revenue-sharing model where 50% of the revenue from swap activities is distributed to LNEX token holders. 

The platform also features a B2B payment gateway, allowing merchants to accept cryptocurrency payments and receive fiat instantly.

Excitement around Lunex Network is tied to its growth potential and innovative features. 

Analysts predict that the LNEX token could increase by 1,800% during its presale phase, which has already seen a 25% price increase from $0.0015 in stage three. 

Additionally, forecasts suggest the token could experience up to a 5,000% surge upon its official launch.

Meanwhile, Dogecoin and Solana have also made notable market movements. 

DOGE recently broke out of an 11-day consolidation, reaching a price of $0.114. 

Solana’s network activity surged, with over 30.5 million weekly active addresses, and it outpaced Ethereum (CRYPTO:ETH) in DEX trading volume, reporting $8.644 billion compared to Ethereum's $8.28 billion.

At the time of writing, the Dogecoin (DOGE) price was $0.1348, and the Solana (SOL) price was $153.70.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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