Ripple Closes Above ATH Influenced by $RLUSD Increases; Lunex Network quickly breaks the high standards in pre-sales.
Suffering from legal issues for most of 2024, it was common for many investors to be surprised when the XRP token rose from a low of $0.5 to over $2. Now stable above $ 2.40 and now the stable coin of $ RLUSD has started, investors expect further growth for the price of XRP.
Amidst the positive Ripple (XRP) market, savvy investors are looking for low-cap gems with equal or greater growth potential than Ripple coin. As a result, many are stumbling upon the Lunex Network as it positions itself as a strong DeFi competitor, including a multi-chain DEX designed to allow extensive interoperability across more than 40 blockchain networks.
Ripple Coin shows a strength of more than 10% in the last week
It's safe to say that Ripple (XRP) has held its own and ridden extremely well through this market cycle, rising from a low range of around $0.5 to over $2 in October 2024. Although the price has decreased by more than 3% in the last month, the XRP token has increased by more than 11% in the past week, reaching the $2.40 range.
Several crypto analysts are bullish on Ripple due to the recent launch of the stablecoin $RLUSD, which is designed to increase liquidity on the Ripple network. SirRobArtll1, an anonymous crypto analyst highlighted the possibility of Ripple coin hitting $4 soon.
Another analyst, Mr. Xoom Ripple, discussed Ripple's growth potential on X (formerly Twitter), where he suggested that Ripple's price could hit the $6 or $7 target by the end of January. Investors are confident that the Ripple coin will break new highs this year, as Bitcoin continues to grow this year, presenting it as the top crypto to buy this year.
The Lunex network is poised to overtake some of the top DeFi platforms this year.
Lunex Network (LNEX) has demonstrated that it has the strength needed to successfully cross over into the DeFi market. It has been given a non-custodial and multi-chain DEX that comes with additional features that allow you to check the likes of Binance (BNB). With additional cheap transaction volume, excess liquidity, B2B payment gateway and portfolio tracking, this new DeFi platform is projected to dominate the large-scale DeFi market.
The unique B2B payment gateway solves the problems merchants face with cross-border payments, so the Lunex Network enables merchants to accept crypto as payment worldwide. In addition, the DX protocol allows users to trade more than 50,000 cryptocurrency pairs on up to 40 and more blockchain networks, and allows users to store their assets in a safe, secure, and transactional wallet. With regular market insights from portfolio tracking, the platform enables users to manage their assets strategically.
As the DeFi market continues to grow, Lunex Networks is poised to accelerate its growth. Best of all, the native token is built with a depreciating nature that automatically creates more value as the supply decreases. LNEX is trading at $0.0054 after rising more than 350% from $0.0012 to raise over $6.2 million in pre-sale proceeds. After the pre-sale, which is considered to have a significant increase, it has also increased in value as the top crypto to buy.
Is Ripple a tough challenge for the Lunex network to overcome?
Ripple has already established its dominance in the DeFi market and launching a stablecoin at $RLUSD will serve as an ideal challenge for the Lunex Network. However, Lunex's innovative DeFi features and rapid pre-sale success could easily help it out-shape Ripple if its momentum picks up.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
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