Despite the optimistic XRP price predictions, the general bullish trend has failed to rub off on the coin. This is evident in the coin’s 9%+ decline in the last 30 days. Lido DOA (LDO) has also failed to maintain its bullish trend over the past month, struggling to increase by around 3%.
The slow LDO price growth and XRP decline have sent crypto whales in pursuit of more rewarding investments. Interestingly, Lunex Network has been causing FOMO among them after raising over $1 million during its DeFi token presale. Experts believe the low cap crypto is set for new highs. Let’s find out why.
Ripple struggles despite renewed marketing efforts
There have been many conversations around Ripple, especially after the SEC appealed the initial court ruling that was in its favor. The uncertainty surrounding Ripple’s future has caused selling pressure among investors. This has consequently resulted in a continuous price decline.
Currently, the XRP price is around $0.50, down by over 9% in the past month. Not even the project’s recent marketing efforts and legal insights to attract millennials have been able to convince the bulls.
Lido DAO unlikely to return 1% daily gains
After its launch in 2020, Lido DAO was tipped as the next altcoin on the Ethereum blockchain to explode. Four years down the line, it remains a low cap crypto project that has failed to meet expectations.
Though the LDO price has experienced green flashes this month, it has only managed a 2.95% increase. Besides, LDO has declined by nearly 40% since its launch, showing signs of limited success. The chances of getting a daily 1% gain from LDO seem highly unlikely based on its current market trends.
Lunex Network shines through the DeFi market
The decentralized finance (DeFi) market is packed with different projects, each with unique features and use cases. However, Lunex Network (LNEX) has already shone through the tight competition with its revolutionary DeFi platform.
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The Web3 multi-chain network allows different blockchains to connect and execute transactions at lower costs. Developers can leverage the network to boost their platform’s scalability due to its deep liquidity.
Additionally, there’s a reward program that allows people who trade on Lunex to earn cashback on each transaction.
Another way is for LNEX holders to stake their assets in DeFi protocols and get periodic staking rewards. These people also make up the network’s community members, who can use the Lunex token to participate in governance.
There’s also a $500,000 giveaway that Lunex community members can participate in to win extra cash prizes.
These exciting features have caused massive interest in Lunex Network, resulting in its DeFi token presale raising over $1 million within a short period. If any altcoin is set to 100x over the coming months, experts agree that it’ll be the Lunex Network.
Conclusion
While XRP and LDO have had extended periods of price decline, the Lunex token has been attracting investors looking for alternative altcoins for diversification. The LNEX token is currently in presale stage 4, valued at $0.0017.
Now is a good time for early investors to get it at a discounted price before its price increases in the next presale stage.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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