Sei Takes the Spotlight as Top Gainers with Over 27% Weekly Gain, Investors Dump Cardano for New Exchange Token

The past few weeks have been fairly progressive for the broader crypto market, with top gainers such as Sei (SEI) generating incredible returns for token holders. However, a few other top altcoins are struggling to record substantial profit as they strive to recover from previous losses.

For instance, while Cardano has managed to recover significantly following a major decline at the beginning of the month, token holders do not seem to be very excited with the few gains recorded over the past week. Meanwhile, attention has shifted to a pre-sale star, Lunex Network (LNEX), owing to its dynamic approach to DeFi exchange. Is the hype sustainable?

Presale star, Lunex Network (LNEX) has drawn a lot of attention because of its unique solution– connecting isolated blockchains and establishing a non custodial crypto exchange. At first, one could seemingly undermine the peculiarity of the project, but there is more to it. In practical terms, Lunex Network makes it possible to swap and send any cryptocurrency, regardless of the host blockchain, and without the need for third-party crypto wallets like MetaMask or Trust Wallet.

Meanwhile, the Lunex Network ecosystem is not limited only to the exchange feature as it also provides other custom services. In addition to enabling users to spot trade over 50,000 cryptocurrencies instantly across multiple blockchains without the need for KYC or third-party crypto wallets, Lunex Network also provides instant access to 65+ RPC nodes for Web3 development needs.

Also, Lunex Network provides a non-custodial (B2B) payment gateway for global businesses. By integrating API keys, businesses can easily accept cryptocurrencies as a form of payment method. Not only that, individuals can track and manage their crypto portfolio using Lunex Network’s custom portfolio tracker.

Another interesting part of the project is the native LNEX token which facilitates activities such as token listing, staking, and reward distribution. Speaking of rewards, the LNEX token adopts a revenue-sharing model that provides token holders with passive revenue. To achieve this, Lunex Network dedicates a portion of the profits generated from the exchange towards buying LNEX tokens in the open market and then redistributes them to token holders.

Currently priced at $0.0013 in its second presale phase, analysts expect the token to yield 18x profit during the presale and 50x post-launch. Given this positive outlook, and its unique feature, the LNEX token may outperform top altcoins like Sei and Cardano in the next bull market cycle.

The price of Cardano (ADA) has made a swift recovery after hitting a monthly low of $0.30. However, with only a few cents aways from the same level it kicked off at the beginning of the month, crypto investors are quick to see alternatives to leverage the broader market bullish momentum.

Currently trading within a weekly price range of $0.35 and $0.38, ADA price reflects a modest 7% upshoot despite trading as high as $0.41 earlier in the week. Meanwhile, ADA token’s inability to maintain its bullish momentum has cast a shadow of doubt on its profit potential, forcing token holders to dump for another coin as evident by the over 4% drop in market capital.

Sei (SEI) token has registered one of the highest gains in recent weeks, reaching a weekly peak of $0.51 before settling around $0.46. While it currently trades within a weekly price range of $0.36 and $0.48, SEI price reflects a weekly price surge of over 30% and roughly 65% in the past month.

Meanwhile, the recent price spike has contributed to the token’s yearlong price outlook as it aims to recover from a major decline shortly after hitting a 6-month ATH of $1.04. Although Sei is down nearly 55% from this point, market analysts and token holders remain optimistic, attributing their confidence to the token’s recent spike as well as over 280% year-to-date price gain.

Can Lunex Network Hit the $1 Price Mark Ahead of Cadano and Sei?

Lunex Network’s approach to DeFi exchange changes the standard of order in the crypto market. By introducing a customer-first exchange protocol, Lunex Network empowers users to define their own ease of transaction. This unique attribute makes it possible for Lunex Network to outperform several top-ranking altcoins, including ADA and SEI tokens.

Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.