As Tron (TRX) attempts to compete with Ethereum (ETH), a surprising new competitor has appeared in the background: Lunex Network (LNEX). With its unique cross-chain functionality, Lunex Network is poised to change the status quo of the crypto exchange market. Experts predict that Lunex Network could quietly rise to prominence while Ethereum and Tron battle for dominance in the DeFi market.
Can Tron (TRX) challenge the major players?
Tron (TRX) is currently trading at $0.152 in a slightly volatile zone. Over the past 24 hours, it has been trading between $0.15 and $0.153. Due to strong market demand in the decentralized finance sector, Tron has not experienced low volatility throughout 2024.
Based on technical analysis, TRX is moving in an upward trend as buyers intensify their buying activities, and the RSI charts reflect bullish signs. Crypto forecasters predict that Tron could reach $0.1760 by the end of the year. Furthermore, some analysts believe that Tron could outperform Ethereum and other top altcoins if it continues its current bullish momentum.
Ethereum (ETH) Long-Term Forecast Looks Optimistic
Ethereum is currently valued at $2,641 and could rebound after the third quarter downtrend. Its price fluctuation was captured at $2,274, a 30-day low, while the high point stood at $2,765. Some short-term forecasts indicate that the outlook for Ethereum is positive and that its price could exceed $2,750 by the end of September.
However, Ethereum’s long-term outlook is much more optimistic. According to experts, ETH could reach $7,320 by the end of the year if proof of stake (PoS) via Ethereum 2.0 contributes to its value, thus confirming its future growth.
Lunex Network (LNEX) simplifies cross-chain transactions
Lunex NetworksThe cross-chain transaction functionality provides over 50,000 cryptocurrency pairs for trading on over 40 blockchains. Cross-chain transactions on the platform are quick and easy, and users do not need to submit their personal information or use a third-party wallet. Lunex Network builds protection into its smart contracts to protect user funds, even when engaging with liquidity providers.
The Lunex Network focuses on its community by offering staking rewards with an APY of 18% to holders of the $LNEX token. This user-friendly, privacy-focused approach and features have attracted many investors.
Lunex Network’s non-custodial wallet allows users to track their portfolios on the same app. It gives users complete power over digital assets, which can be traded, transferred, purchased and staked without the need to pass KYC checks.
Lunex Network also intends to allow investors to use cryptocurrencies as collateral to obtain short-term loans in fiat or other stablecoins such as USDT. Businesses will also benefit from an interoperable trading bridge on the Lunex network to pool liquidity from one blockchain to another at the rate of their choice.
Currently in its first presale stage, LNEX tokens are priced at $0.0012, and experts predict a potential rebound of 1,800% before the presale concludes. With growing momentum, Lunex is quickly attracting the attention of crypto investors as hundreds of people join the project every week.
You can find more information about the Lunex Network (LNEX) here:
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