Polygon and Cosmos have both recorded significant price movements in the last seven days, but these gains may be more short-lived than expected. Meanwhile, Lunex Network (LNEX), an innovative multi-chain bridge network and DeFi hub, is ready to disrupt the market by allowing traders to swap cryptos across different blockchains for extremely low fees.
Polygon (POL) Faces Downward Pressure
Polygon recently completed its token migration from MATIC to POL, attracting a huge influx of new investors. As more exchanges like Binance integrate Polygon’s new ticker, Polygon’s exposure and usage are both expected to grow. Polygon’s current price is $0.3979 after a 5.12% intra-day surge.
Despite these bullish signals, Polygon’s technical indicators aren’t showing signs of a bullish rally any time soon. The downward pressure may continue since Polygon’s MACD line is still below its signal line.
Cosmos (ATOM) Recent Gains May Deplete Soon
Cosmos has recently returned to the Top 50 cryptos list with a market cap of $1.75 billion. Its price has already surged 10.17% in the last seven days, making analysts extremely bullish on this token’s future. For now, Cosmos is trading at $4.50 after an 8% intraday increase.
Since Cosmos provides interoperability between blockchains, this network is a popular choice among Web3 developers. As user interest in Cosmos grows, Cosmos’ trading volume has surged 56% in the last 24 hours. Despite this positive movement, Cosmos’ price may face a correction if it doesn’t breach the $5 resistance soon.
Lunex (LNEX) Builds Presale Momentum
While Polygon and Cosmos are struggling to pick up bullish momentum, Lunex’s (LNEX) presale is ready to overthrow the charts in Q4. Offering a multi-chain bridge network, Lunex solves major issues in the blockchain space, including scalability and security. Its platform enables instant swaps across multiple blockchains without KYC checks.
Aside from a revolutionary ecosystem, Lunex’s native LNEX also offers multiple utilities that are beyond simple trading. Lunex holders are entitled to massive staking rewards with up to 18% APY, discounted transaction fees, access to liquidity mining opportunities, and exclusive cashback rewards through Lunex Pro.
Lunex’s revenue-sharing model ensures that a portion of its profits is used for open-market buybacks of LNEX, which are constantly distributed as rewards to long-term holders. Since LNEX is also used as a payment currency for merchant and listing fees on Lunex, LNEX’s price is expected to remain deflationary over time with huge long-term growth.
Instead of relying on the obsolete AMM technology, Lunex is built on smart contracts. Not only does this state-of-the-art technology ensure efficiency, but it also helps traders maintain their anonymity as well as retain full ownership of their assets as they exchange cryptos.
Lunex is currently in the first stage of its presale, and $LNEX tokens are selling at $0.0012 each. With analysts already projecting up to 50x gains for Lunex ahead of its official launch, Lunex is expected to emerge as the leading decentralized exchange in 2025.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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