Ethereum whales are turning their attention to an emerging altcoin priced under 1 cent: Lunex Network (LNEX). Expected to surpass even Ethereum (ETH) and Solana (SOL) in growth potential, Lunex Network is attracting large-scale investors thanks to its efficient, low-fee cross-chain transactions and impressive staking rewards.
With a revenue-sharing model that benefits $LNEX holders, this altcoin is positioning itself as a powerful player in the DeFi space, drawing significant interest from high-profile investors.
Ethereum bulls regained steam and are targeting $3,500 and $4,000. AMBCrypto's analysis identifies $3,562 as a crucial resistance for the next move.
Recent spikes in network activity and transaction volume underscore growing demand, enhancing Ethereum's bullish outlook. After briefly dipping below an ascending triangle pattern last week, ETH reversed, gaining 43.1% since Tuesday, signaling that the breakdown was likely a false move within a broader range.
Key indicators back this strength: the OBV has reached a three-month high, and the RSI stands at a bullish 79.5. ETH may need a short consolidation to overcome resistance from June and July. However, surpassing $3,562 could set a path to the $4,000 mark, reinforcing Ethereum's upward momentum.
Solana, now trading at $207, has surged past $200 for the first time since April, fueled by a market-wide rally following Donald Trump's presidential victory. Trump's pro-crypto stance during his campaign, including vows to end the "crypto crackdown," create friendlier regulations, and even have the government hold Bitcoin and other assets like Solana, has energized the entire crypto sector.
This wave of optimism has also sparked hopes for a Solana ETF. Balaji Srihari, Business Head at CoinSwitch, suggested to Decrypt that Trump's administration could prompt the SEC to reconsider Solana, potentially clearing the path for an ETF. The election outcome has set bullish momentum across crypto markets, and Solana appears poised to benefit from this favorable shift.
Lunex Network addresses a major crypto challenge: cross-chain swaps. With seamless trading across several blockchains, over 50,000 cryptocurrencies available, and lower fees, Lunex Network caters to all investor types.
Lunex Network is rapidly gaining traction in the crypto space, recognized for addressing some of DeFi's toughest challenges. Unlike projects that overpromise, Lunex Network delivers real solutions, tackling key issues such as liquidity and price optimization across the DeFi ecosystem.
Unlike traditional platforms, Lunex Network eliminates the need for external wallets like MetaMask or PhantomWallet. Users simply choose a cryptocurrency, input the receiving address, and complete transactions instantly via smart contracts. Lunex Network also appeals to institutions with its B2B merchant gateway and 65+ free RPC nodes, supporting crypto payments and Web3 development.
The platform's revenue-sharing model bolsters investor value through token buybacks, splitting returns between holders and staking rewards with an 18% APY. Having raised $2.2 million in its presale, $LNEX tokens are up 70%, now at $0.0021, with the project in its sixth presale phase. These unique features entice Solana and Ethereum investors looking to benefit from the next big thing in the DeFi market.
You can find more information about Lunex Network (LNEX) here: