The crypto market has always been the financial reflection of Charles Darwin’s theory of evolution and survival of the fittest. Solana did deliver a knockout blow to its counterparts, thanks in part to the Solana ETF approval in Brazil. In the same vein, a new cryptocurrency exchange, Lunex Network, has piqued interest in its non-custodial asset management and revolutionized the DeFi solution while Cardano finds itself on the ropes, struggling to keep up with the bullish sentiments. Can ADA survive while Solana and Lunex continue to dominate DeFi? Let’s find out.
Solana 5.2% MoM uptick: Analysts eye new ATH amid ecosystem boost and Solana ETF speculations
The wave of enthusiasm that followed the Fed rate cut had Solana chasing high. This coincides with the positive developments and Solana ETF speculations fueling predictions of a new ATH. The last month has been great too! The Uptober hype got Solana to a $161 monthly high before it receded to $156. MoM gain stands at a modest 5.2%.
A factor that catalyzed the surge was PayPal’s recent adoption of Solana for its PYUSD stablecoin. The speculations of a Solana ETF launch by VanEck and 21 Shares have injected Solana with real-world utility and credibility.
Cardano whales dump ADA. What next?
It’s a different story for Cardano, which has been facing headwinds since the start of the year. Despite the recent Chang upgrade, ADA still faces challenging bear pressure after whales offloaded $326M worth of ADA, which represented a whopping 15% of the total supply. The departure signals a growing lack of confidence among Cardano investors.
Unfortunately, the sell-off has coincided with a brief decline in ADA’s price. Currently, ADA is trading at $0.36 with a 2% rise in the past seven days, a figure that reflects the disillusioned investors’ uncertainty. Despite these challenges, Cardano remains undeterred from its long-term vision for a better, scalable DeFi.
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New cryptocurrency exchange, Lunex Network, trends with AMM DEX innovation. Presale zooms to second stage
Solana ETFs gave SOL a good push to the spotlight while ADA trails. But another crypto that has its eye on institutional investors is the new cryptocurrency exchange, Lunex Network. At its core, Lunex provides a well-thought-through four-fold solution to DeFi’s shortfalls: multichain support, non-custodial smart contract-backed impenetrable security, over 50,000+ trading pairs, and an intuitive, user-friendly interface.
The idea behind Lunex Network’s rise to fame is to combine the appeal of DEXs and CEXs. It’s an ecosystem where scalability, security, and user-friendliness are not sacrificed for each other. Then, there’s the brilliant tokenomics that hands the reins to the community.
This new cryptocurrency exchange, with its community-driven approach, allows users to forge their financial freedom with myriad DeFi products. Generated revenue is redistributed back to the community weekly; staking opportunities offer 18% APY, and liquidity farming accrues rewards for supporting the platform’s efficient trading process.
It’s easy to see why Lunex Network is getting massive support for its new cryptocurrency presale. In fact, the presale has zoomed to its Third Stage, raising over $500k. Fortunately, the price is still at just $0.0015. Given that analysts are confident that Lunex Network will dominate DeFi and go 100x, the price is a steal!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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