ARB’s price returning to its former glory was a highlight of the past 30 days. However, investors’ attention is shifting elsewhere as SUI and LNEX tokens have topped trending cryptos with their extraordinary performance. SUI has doubled MoM and Lunex Network’s rising dominance in DeFi, and DEX has attracted $1M in investment. The big question, as expected, is: can ARB maintain its momentum, or will SUI and LNEX surpass it as the top trending crypto of the moment?
Lunex Network DEX platform joins trending crypto as presale edges closer to $1M
Mere days later, Lunex Network is full steam ahead in its ongoing presale thanks to its first-in-class combo of ingenious DeFi and asset exchange solutions. This trending crypto exchange is doing what no one else has done before—cutting the DeFi pitfalls while putting asset trading in its best form.
However, its cross-chain capabilities open a vast ocean of possibilities over 40+ networks. Lunex Network has also found a lasting solution to DeFi’s security concerns with its no-KYC, non-custodial Enclave-backed DEX. A DEX for retail and institutional investors that provides real-world value with its e-commerce-friendly API solution.
But what made Lunex Network one of the top trending cryptos is the passive reward and DeFi offerings the user gets. That’s why many are already flocking to its ongoing presale. Valuation has gotten close to $1M, while price has gained an impressive 20%. That’s still a drop in the ocean compared to analysts’ 100x projection.
Sui coin doubled in a month: Why is the token rising?
Another token joining this month’s trending crypto is the groundbreaking, scalable L1 network SUI. Just a few days ago, SUI fitted a new ATH of $2.36, bringing its impressive monthly performance to a colossal 108%. Despite the bearish market pressure, SUI’s ecosystem growth has been exceptional.
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Onchain activities have surged, and the recent introduction of a native USDC has further expanded its DeFi capabilities. Although SUI is also scheduled to get a 2.65% token unlock on October 23, Bybit selecting SUI as the first beneficiary of its Launchpool kept institutional interest soaring. Currently, SUI is trading at $2.14 with a $5.54B market cap.
ARB price recovers from all-time low drop as 30-day change turns green
The ARB price got a temporary breather from the bear pressure that took the once vibrant L2 star to an all-time low of $0.43 in Q3. In the past 39 days alone, the ARB price has bounced back powerfully, with a 13% gain that helped it back above $0.56.
Right now, the token is trading along a short-term ascending channel, and a potential relief rally is expected above the $0.8 resistance. Nevertheless, the long-term trend remains bearish, and the upcoming $51M worth of ARB token unlock puts traders all at sea.
Conclusion
ARB price’s green streak has offered a glimmer of hope. However, the oppressive competition from the trending cryptos SUI and Lunex Network has cut investors’ interest in its dwindling fortune. While SUI doubled, Lunex Network’s innovative DeFi solution has continued to attract retail and institutional investors. The result was an astronomical growth in demand and a 20% surge. The presale is still blazing hot, and the price is at just $0.0015.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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