Green candles flood the charts as the long-awaited market-wide recovery has begun. Polkadot (DOT) and Kaspa (KAS) are riding the wave and could find their place among the top gainers of Q4!
A promising new project, however, could outperform both Polkadot and Kaspa with its groundbreaking framework, which is set to revolutionize the DeFi landscape. Lunex is a Web3 DeFi protocol that unites all blockchains into one place, taking interoperability and scalability to the next level. Here’s why analysts believe Lunex could soar by 50x in the upcoming months.
Buying Pressure Is Building Up For Kaspa (KAS)
Kaspa has displayed an exceptional performance in 2024, boasting a 229% yearly increase. KAS has been moving in a bullish channel, and buyers have quickly swept up every dip. Today, Kaspa (KAS) sells for $0.17 with a 4% weekly increase, sitting on $4.22 billion in market capitalization.
On September 15, Kaspa launched its long-anticipated utility token KRC-20 introducing smart contract functionality. As a result, on September 18, Kaspa recorded 16 million transactions in 24 hours, vastly surpassing Ethereum’s 1.1 million and Solana’s 3 million. This coincides with the long-awaited launch of Kaspa’s KRC-20 utility token which is set to take the ecosystem to new heights.
Polkadot (DOT) Nearing Key Resistance.
After peaking at $11.54 in March, DOT’s price took a severe hit, with nearly 62% of its value wiped out. Today, Polkadot sells for $4.38 with a 4.6% intraday increase, signaling a potential shift in the trend. Technical indicators show that Polkadot is a ‘strong buy’ as it finally broke above the 50-day and 200-day moving averages.
As DOT recovers, the Polkadot 2.0 upgrade is well underway with the most recent update, Agile Coretime being rolled out at press time. This update will improve resource allocation and enhance scalability and interoperability for all projects within the Polkadot Ecosystem.
Lunex Is Turning Heads With Revolutionary Passive Income Mechanism
Lunex is a Layer 1, DeFi protocol that connects and seamlessly transacts between individual blockchains including; Bitcoin, Ethereum and Solana. Investors can use the platform to buy, sell, and swap over 50,000 different assets at the lowest price possible while simultaneously earning generous rewards via Lunex’s revenue-sharing model.
Alongside an abundant ecosystem Lunex has stayed true to its roots as a decentralized protocol but implementing a no KYC policy. Investors simply request the currency pair they wish to swap from and swap to, input a receiving address and hit confirm. Users enjoy complete anonymity without having to go through various hoops and verification processes whilst having an additional layer of security through blockchain implementation.
Lunex will also be offering a DeFi crypto wallet and a portfolio tracker for seamless asset management. The Lunex Pro subscription service offers advanced trading tools and exclusive features for those who want to take their trading to the next level whilst having access to their full investment portfolio in one place,
One of the most intriguing aspects of the exchange is the passive income mechanism, which will allow users who stake the $LNEX token to earn up to 18% APY. To sustain this, Lunex will be allocating a portion of its weekly earnings and distributing them as generous staking rewards to holders of the LNEX token.
The first stage of the Lunex presale is live and $LNEX sells for just $0.0012. Early buyers can expect an 18x multiplier by the end of the event with analysts believing that $LNEX could soar by 50x once the token hits the markets!
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
