Lunex Network has raised $4.6 million during its ongoing presale phase and this particular milestone has drawn the attention of Cardano and Solana investors. Analysts discuss how Cardano’s innovations in smart contracts are challenging Solana’s spot in the blockchain space.
Many praise Lunex Network for its innovative approach, which has sparked interest across various investor groups. These developments highlight a growing competition among blockchain platforms, with Lunex Network gaining significant momentum.
Cardano’s Growth Signals Strong Investor Confidence and Blockchain Innovation
Cardano (ADA) has risen in price by over 248% in a month trading between $0.96 and $1.25. Cardano bulls are pushing toward a resistance level of $1.35, and breaking this could open the way to $1.64, offering a potential 30% gain. The Relative Strength Index (RSI) below 40 shows room for further growth, while support at $0.77 and $0.49 limits downside risks.
A key milestone was the launch of Cardano’s first zero-knowledge smart contract on its mainnet, powered by the Halo 2 cryptographic system, improving scalability and privacy. Recent whale activity highlights growing confidence, with 120 million Cardano tokens worth $144 million bought in three days. Additionally, the Total Value Locked (TVL) hit $735.7 million, surpassing past records and tripling the DEX trading volume to yearly highs, signaling strong investor trust in Cardano’s future.
Solana’s Price Surge and Pump Fun’s Massive Crypto Moves Signal Bullish Momentum
Pump Fun, a Solana-based meme coin launchpad, has caught the crypto community’s attention with its recent asset transfers. Data from Lookonchain shows the platform has been moving significant amounts of Solana (SOL) to centralized exchanges, totaling over 998,869 SOL, worth approximately $200 million.
Solana’s price momentum has also contributed to these activities. The asset trades at $241, reflecting a 2% daily rise and a 42% surge over the month. Year-to-date, Solana is up 279%, surpassing Ethereum’s gains. Analysts expect further growth with spot Solana ETFs on the horizon, as a prominent analyst, Inmortal, compared Solana’s current chart to Ethereum’s 2021 rally. Solana faces resistance at $260, with potential price targets of $320 and $540 if bullish activity persists.
Lunex Network Revolutionizes DeFi with Privacy, Security, and Cross-Chain Innovation
Lunex Network (LNEX) is a decentralized finance (DeFi) platform that allows cross-chain trading and staking rewards for all traders. Lunex Network lets users trade over 50,000 cryptocurrencies across several blockchains while lowering transaction costs, improving speed, and making the process easy.
In a market where data privacy is increasingly a problem, Lunex Network is a security-focused investment opportunity. The platform does away with KYC verification and third-party wallet connections—unlike traditional exchanges. This privacy-first strategy reduces the risk of data breaches and attracts users who desire total anonymity when transacting cryptocurrency.
Lunex Network also differentiates itself by incorporating advanced Web3 technology. Instead of outdated security methods used by many decentralized and centralized exchanges, the platform relies on smart contracts for transaction execution. These contracts encrypt every trade and store them on Ethereum’s blockchain.
The platform is intuitive to use and offers tools to handle assets across various blockchains in real time. Lunex Network simplifies complex processes like liquidity provision, staking, and yield farming, enabling users to focus on earning returns without dealing with intricate protocols.
Since its launch, Lunex Network has quickly gained attention. It has raised $4.6 million in its presale phase, selling over two billion $LNEX tokens. Priced attractively at $0.0038, the token has become a magnet for investors eager to join this innovative platform.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
