Lunex Network, a new protocol, is attracting Avalanche and XRP investors as their prices lose strength.
Avalanche (AVAX) and Ripple (XRP) have both seen losses this week. This hasn’t come as a shock for Avalanche, as the project has struggled to gain momentum this year. For XRP, this loss could mark the end of the asset’s wild ride, having rallied last month.
Meanwhile, Lunex Network (LNEX) has been gaining traction in the trading space for its modern approach to crypto. It promises to address long-time trader frustrations by offering low fees, strong interoperability, and powerful trading tools.
XRP braces for price correction
XRP is down 6% in the last 24 hours and 7% in the last week. Many experts expect corrective price action as XRP saw wild growth throughout November, rallying by 300%.
The XRP price growth likely occurred as a result of Trump’s appointment, pointing towards a more favorable regulatory climate for crypto platforms in the near future. Ripple has also worked hard to improve its ledger and is now seen as a real authority in the cross-border payment space.
Avalanche introduces Avalanche9000
Avalanche added 31% to its value over the year, a level of growth dwarfed by the wider crypto market expansion. AVAX is still slowing down and possibly heading downward after dropping 12% in 24 hours and 13% in the last week.
Despite the underwhelming price performance, Avalanche has released some well received updates. Specifically, the Avalanche9000 upgrade was recently released on the testnet and is set to bring flexibility and scalability to the network. This will make Avalanche a more hospitable place for developers looking to build intelligent and scalable decentralized applications.
Lunex Network to deliver extensive trader benefits
The advanced offering of Lunex Network is set to shake up decentralized finance. Its use of the highest tier of smart contract technology will allow users to swap over 50,000 assets in real time with low gas fees.
For privacy-conscious users, Lunex Network will remove standard KYC requirements. This appeals to high-profile investors and those who value data protection. Additionally, the platform will reduce risks by not requiring third-party wallet connections, ensuring user data remains secure.
At the core of Lunex Network is the LNEX token, designed for long-term stability and growth. With a capped supply of 8 billion tokens, scarcity may drive value higher as adoption increases.
Notably, LNEX holders will receive 18% of the platform’s profits from transaction fees, promoting sustained investment and ecosystem expansion.
Lunex Network is currently generating major hype in the crypto space, with tokens available at $0.0044.
Analysts anticipate an 1,800% increase in the value of LNEX in the near future, suggesting a promising opportunity for those looking to benefit from the next wave of DeFi.
For more information on Lunex Network, visit their website, or socials.
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