Lunex Network (LNEX) Token Presale Outperforms TRX and HNT Amidst Market Downturn

The crypto market briefly retraced after an extended bull run over the past few weeks. While the market readjustment is not entirely surprising as it is

The crypto market experienced a brief period of retracement following an extended bull run. While the market readjustment is not entirely surprising as it builds some support before continuing its uptrend, investors are shuffling their portfolios in a precautionary move.

Top altcoins, such as Helium, were still able to retain some momentum and stay above the resistance level. However, others, like Tron (TRX), retraced below this level. Against this backdrop, investors turned to presale stars like Lunex Network (LNEX) with promising growth potential.

One major problem that decentralized exchanges try to solve is that of interchain interaction or interoperability. While there has been noticeable progress in this regard with existing DEX exchanges, Lunex Network (LNEX) takes it a notch higher. By connecting isolated blockchains to establish a noncustodial crypto exchange, Lunex Network facilitates an easy way to convert and transfer over 50,000 plus crypto instantly.

Lunex adopts a customer-first approach in its service delivery, ensuring that users can carry out all transactions without the need for KYC or third-party crypto wallets. It also adopts an innovative revenue share model which allows token holders to earn up to 18% passive return through staking. Essentially, the platform allocates a portion of its generated revenue towards buying the native LNEX token from the open market, and then redistributes it among token holders.

Meanwhile, the exchange also offers institutional services, providing instant access to 65 RPC nodes for Web3 development needs. This way, businesses and developers can integrate Lunex Network’s custom gateway payment, thereby enabling them to easily accept cryptocurrencies as a form of payment method.

The best part of all of these is the native LNEX token which is the primary medium of exchange within the Lunex ecosystem. While it doubles as a governing token, the LNEX token facilitates activities such as staking, reward distribution, and ultimately provides token holders with passive revenue. Currently priced at a modest price of $0.0013 in the second presale phase, the LNEX token is anticipated to yield between 18x and 50x post launch.

Tron (TRX) token crossed the resistance level at $0.156 to reach a peak of $0.158, but it is now back below this level due to recent market retracement. Tron price traded above the resistance level about a month ago, but it quickly lost momentum over the following weeks, hitting a low of $0.148 on multiple occasions when it attempted to cross the resistance level.

However, the native TRX token rode on the back of the recent bull market and crossed the resistance level, but this didn’t last for long as it currently trades within a weekly price range of $152 and $0.155. With a little above 2% gain in the past week and roughly 1% decline in the past month, investors are keeping an eye out on how long it will take the native TRX token to break past the resistance level.

Helium also felt the heat of the recent market downturn. However, the native HNT token has managed to hold on to some of its profits from the previous rally. While it currently trades within a weekly price range of $7.54 and $7.87, HNT price reflects a little over 4% price gain in the past week and nearly 8% in the past month.

Considering its strong resistance amidst current market reality, market analysts are of the opinion that the price of HNT token could retest its month-long high of $8.50 and potentially approach its 8-month ATH of $10.05. Regardless, HNT token’s year-to-date price chart reflects over 416% increase which is a generally bullish outlook.

While both Tron and Helium tokens have established a history of resilience, the native LNEX token introduces a unique revenue share model that gives it an edge over most top altcoins.

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

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