Investor Focus Shifts as Injective Price Slows; Potential Safe Havens ADA and Ethereum Based Altcoin Lunex Network

Injective (INJ) continues to range and increasingly frustrated holders are looking to rotate funds in the hope of catching the next big crypto wave. 

Despite its generally underwhelming price action, Cardano (ADA) has demonstrated significant resilience. Some are betting on its stability and promise of predictable albeit relatively modest returns. On the other hand, analysts tip Lunex Network as one of the hottest plays of the 2024-2025 cycle as its viral presale has already amassed nearly $1 million in funds. 

Injective Continues To Disappoint Investors

In late 2023, Injective (INJ) quickly became one of the most attractive projects as it saw surge after surge, reaching an all-time high of $48 in March. Since then, however, Injective has kept bleeding as it saw more than 60% of its value wiped out. Currently, INJ sells for $21 with a 4.2% intraday decrease. Injective has been ranging around this mark for months now with minor deviations in either direction. 

However, this doesn’t mean that on the utility front Injective isn’t making strides. Just recently, NTT Digital, a Fortune 500 telco company from Japan, has joined the Injective ecosystem as a validator. A step that further solidifies Injective’s presence not just as a crypto project, but as a real-world entity spearheading worldwide crypto adoption.

Experts Agree That Cardano Is Mostly Bullish

Despite not racking in significant gains as other contenders in the layer 1 space, Cardano has enjoyed relatively stable price action as it ranged around the $0.34 mark for the past few months.. Today Cardano is priced at $0.35 with a 5.7% weekly increase and a notable 35% surge in trading volume with over $404 million worth of ADA changing hands over the last 24 hours. 

Despite Cardano’s generally lackluster performance in terms of upward movement, Cardano often made headlines as it introduced several key upgrades. Most notably, the Chang Hard Fork update completed Cardano’s transition to complete community governance, solidifying its commitment to uphold the foundational crypto precept of decentralization. Overall, analysts are bullish on Cardano as it boasts one of the most technically sound platforms, which could change the game for good once its full potential is unleashed. 

Lunex Network Is Rewriting The Rules

Lunex Network is a revolutionary Ethereum-based cross-chain protocol that allows seamless swaps of over 50,000 assets. The platform offers unparalleled interoperability as it connects isolated blockchains and brings them to one decentralized exchange. 

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One of the biggest issues that current-gen DEXes face is liquidity. Or the lack thereof. Lunext solves this by sourcing liquidity from the different blockchains while ensuring superior efficiency and transparency through the use of state-of-the-art smart contracts. This choice alone sets it apart from the mass of exchanges that continue to rely on the increasingly obsolete Automated Market Makers. 

Traders can enjoy low slippage and a smooth and seamless experience, no matter how much strain is being put on the platform or how large their position is. Something that only centralized exchanges can afford to do, although they too come with their long list of drawbacks.

One of them is privacy, a sensitive topic in an era where personal information is often commodified and sold to the highest bidder. Lunext Network flips the script as it doesn’t force stringent KYC requirements on its users, allowing them to trade in peace and anonymity.

Moreover, Lunex Network is a non-custodial exchange, meaning that the sovereignty of funds is entirely in the hands of investors. No third-party wallet is required to get started, users can simply select the crypto pair, input the address, and confirm the transaction. It doesn’t get simpler than this.

But this is just scratching the surface of all that Lunex Network has to offer. The platform is envisioned to be much more than just another run-of-the-mill exchange. 

It offers a comprehensive B2B payment gateway API for institutional investors with an embedded cross-chain bridge. Real-world businesses will be able to accept cryptocurrencies as payment and convert them automatically into fiat money at the best possible rate.

Loyal holders of the $LNEX token will be eligible for up to 18% APY in the form of staking rewards. This novel revenue-sharing mechanism will be sustained by the exchange as it will reinvest a portion of its revenue to perform open market buybacks of $LNEX and redistribute the tokens as recurring staking rewards. 

Stage 3 of the $LNEX presale is underway and tokens sell for just $0.0015. There has never been a better time to get involved as analysts expect prices to soar by at least 1,800% by the end of the presale. Don’t miss out!

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

Website: https://lunexnetwork.com
Socials:https://linktr.ee/lunexnetwork