Sui (SUI) has made a historic move as it launches the first digital hub in Dubai, which is a great achievement for the crypto industry. In other news, a newcomer is here to test the dominance of Raydium (RAY).
The new DeFi coin, Lunex Network (LNEX), is in the presale stage and is priced at $0.0017. Analysts say the value of the cryptocurrency will increase by 18x before the year ends as it looks to transform the $36.5 billion crypto trading space.
Sui (SUI) Launches Digital Hub in Dubai
The Sui blockchain Foundation has set up a hub in Dubai to help blockchain developers and businessmen. The goal is to help blockchain startup founders with funds and support to scale their projects using the Sui (SUI) network.
This initiative, called SuiHub Dubai and formed with Ghaf Group, is an addition to a string of hubs around the world aimed at fostering innovation. Following the news, the Sui price has increased by 27.2% on the monthly level on CoinMarketCap.
Analysts are expecting the price of the Sui token to rise to new highs in the coming weeks. The 14-day RSI is above 50 and supports an upward movement.
SatoshiFlipper has forecasted that the value of Sui (SUI) could surge to $2.8 in the future. Another analyst, CryptoKnight, says that the coin’s value might pump to $2.5322.
Raydium (RAY) Smashes Trading Volume Milestone
According to a recent tweet, the total trading volume on the Raydium network just crossed $300 billion. This achievement is a major feat for the blockchain and a sign of high trading activity.
In other news, the Raydium (RAY) team has added more upgrades on the platform. They have packed a lock icon on the liquidity page, which shows the percentage of burned liquidity.
In the meantime, the Raydium price has been on an upward movement in the past week. The cryptocurrency rose from a low of 2.00 to a peak of $2.80 based on data from CoinMarketCap.
Raydium (RAY) could enter the $3.00 region If the uptrend continues. Based on the 14-day RSI, analysts forecast the Raydium coin price might rally to $3.67.
Lunex Network (LNEX) Multi-chain Platform and Other Features
Lunex Network (LNEX) has entered the fourth stage of its presale, LNEX tokens are being sold at a very fast rate. Having already raised over $1.46 million, Lunex is on track to hit $2 million before the month’s end. The reason why Lunex Network is now attracting investors is its upcoming DeFi exchange that supports multi-chain trading.
While other trading platforms only enable the use of tokens that are built on the same blockchain network. The Lunex Network has cross-chain functionality through smart contracts. Not only can traders exchange any two tokens across the blockchain, but they can do so at very low fees and high speed. Also, Lunex makes security important.
Lunex Network eliminates the need for automated market makers by employing smart contracts for every single transaction. It does not end there; Lunex Network offers a no-KYC policy for privacy-focused traders, meaning new users can sign up without sharing their identification details. The platform also provides a portfolio tracker and non-custodial wallet to every trader.
This means that traders are able to store, stake, or swap their tokens, bonds, ETFs, and stocks in one single place. They don’t have to worry about using third-party wallets like MetaMask and Trust Wallet. The Lunex Network’s native LNEX token is the key to this platform and is currently available at a price of $0.0017.
Can Lunex Network Compete With Raydium (RAY)?
Despite being a newcomer in the DeFi market, analysts believe Lunex Network has the potential to rival Raydium. Its multi-chain support, portfolio tracker, and absence of KYC make it a top DeFi project to consider.
You can find more information about Lunex Network (LNEX) here:
Website: http://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.
