Lunex Network (LNEX) Presale Raises Over $1.6M as Its Disruptive Swap Mechanism Attracts Growing Interest

The Lunex Network (LNEX) has emerged as a potential disruptor in the DeFi market, owing to its streamlined transaction process that set it apart from its peers.

Top altcoins like Shiba Inu (SHIB) and Dogwifhat (WIF) have been struggling to maintain momentum in recent times. While SHIB price managed to break even last week, WIF price consolidated for four months.

On the other hand, Lunex Network (LNEX), a fast-rising presale star, is gaining massive attention, primarily due to its DeFi iteration. The Ethereum-based DeFi protocol aims to optimize DeFi efficiency and streamline transaction processes. Lunex Network has sparked interest with its disruptive model, amassing over $1.6M in its ongoing presale.

Lunex Network’s Disruptive Swap Mechanism Fuels Growing Interest

The Lunex Network (LNEX) has emerged as a potential game-changer in the DeFi market, thanks to its streamlined transaction process. Unlike its peers, Lunex Network connects isolated blockchains and establishes a non-custodial crypto exchange capable of executing crypto swapping and cross-chain transactions in a single attempt. Notably, users can perform these transactions anonymously and at a very low cost.

Another intriguing aspect of this project is its revenue share model, which allocates a portion of its exchange’s profit to buying the native LNEX token from the open market. Part of these tokens is distributed among token holders, while the rest undergoes a burning process that ultimately drives up both the demand and value of the token.

Meanwhile, Lunex Network also caters to the needs of institutional users, offering over 65 RPC nodes for Web 3 developmental needs. Furthermore, corporate businesses can integrate a custom B2B merchant payment gateway that enables them to accept crypto payment, convert to fiat and vice versa. Currently, the native $LNEX token is selling out rapidly at an ample price of $0.0019 in the fifth presale stage.

Dogwifhat Token Risk Further Retracement Amidst Price Consolidation

Over the past four months, Dogwifhat (WIF) has been consolidating below the crucial $3 price mark. Despite a recent attempt to break out of this level, reaching a monthly peak price of $2.95, WIF token has retraced to a lower level.

Currently, WIF token is trading within a weekly price range of $2.511 and $2.40, indicating a price decline of over 4% in the past seven days. This noticeable price decline has further shrunk its monthly price gain to a little above 1%.

Meanwhile, Dogwifhat’s technical analysis suggests a neutral momentum as the short and long term moving averages points at sell and buy signals respectively. This uncertainty in WIF price trajectory ultimately suggests that WIF price consolidation may persist, especially considering the slowing momentum of the broader crypto market.

Shiba Inu Price Faces Minor Retracement Amidst Network Upgrade

Despite recent upgrades to its network, Shiba Inu (SHIB) price is struggling to maintain bullish momentum. In the past week, SHIB price surged by 25% from its lowest price level around $0.000016, reaching a peak level around $0.000020.

While this uptick was mostly attributed to the recent ShibaSwap 2.0 launch, the Ethereum-based meme coin has lost most of its gains. Currently, SHIB token is trading around its weekly entry price at $0.000017, indicating a neutral zone for its weekly profit.

However, the outlook is expected to improve considering SHIB token’s technical analysis including 20, 50, and

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