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The crypto market has witnessed rapid growth this year triggered mostly by the growing interest in meme coins. While some attribute this bullish run to the approval of the Bitcoin and Ethereum Spot ETFs earlier in the year, others believe the adoption of cryptos for payment is what is spurring crypto investment.
While Shiba Inu and Near Protocol have seen impressive year-to-date growth metrics, Lunex Network might outrank them soon. Lunex Network is a project built to solve the complex issues traders face in exchanges, such as security, privacy, and blockchain compatibility. Given its strong use case in the exchange, the LNEX token is anticipated to rise by 50x soon.
Lunex Network: A New Platform for DeFi Investors
Lunex Network (LNEX) is a next-generation DeFi trading exchange designed to solve major issues people encounter in exchanges like Binance. At Lunex Network, users can trade over 50,000 crypto pairs without worrying about rigorous KYC checks or wallet connections. All a trader needs to do is input the receiving address and initiate transactions.
Issues of blockchain interoperability are resolved as the Lunex Network trading exchange is developed to bring blockchains together and allow for easy trading and swapping of digital assets. The DeFi wallet allows traders to buy, sell, and swap cryptos all from one account. Also, the portfolio tracker allows users to track multiple assets such as cryptos, stocks, etc.
The beauty of the project is the reward mechanisms, which trump the likes of Uniswap and Binance. The Lunex Network is introducing a profit-sharing model that will allow the team to use part of the revenue to buy back the LNEX tokens from the open market. From there, part of it is redistributed to LNEX token holders.
Outside of that, token holders will access a discount on trading fees in the exchange or stake the token for as little as 30 days and earn high APY rewards. At stage 4 of the presale, the LNEX token is sold for $0.0017, up from the initial $0.0012. With this rapid growth in a short time coupled with strong utility in the ecosystem, it is expected to hit 100x in the coming months.
Near Protocol: A Layer 1 Blockchain that Offers Decentralized Services
Near Protocol is an innovative blockchain aimed at serving developers who want to create NFTs and dapps. The Near Protocol ecosystem boasts a robust collection of developer tools and cross-chain compatibility features.
Meanwhile, the Near Protocol network uses a sharding protocol to enhance scalability. This mechanism makes transactions on the network faster and cheaper than other blockchains. In addition to being used for developing dApps and NFTs, the NEAR token can be used for staking and paying for transactions on the network.
In the past 30 days, the Near Protocol price has dropped by 23% as per stats. Having studied the Near Protocol price chart, crypto analyst Ualifi Araujo believes as long as the DOT token stays above the $3.8 support zone, it will have a good, quick, and easy recovery. With the rising market activity, it could bounce back soon
Shiba Inu: A Community-driven Ethereum-backed coin With Huge Potential
Shiba Inu (SHIB) is among the top Ethereum-based meme coins that have shown great potential this super cycle. Developed to provide a safe and decentralized means of making payments online, the ecosystem has witnessed huge partnerships that could boost its adoption, like the recent partnership with Mass Build.
Meanwhile, the Shiba Inu ecosystem is vast and extends beyond the usage of the Shiba Inu coin. This platform consists of ShibaSwap, an exchange where users can trade and swap tokens easily. There is also the Shibarium, the layer 2 blockchain that improves transaction speed, and scalability in the ecosystem.
Notably, the Shiba Inu token is deflationary with over 9M SHIB tokens burned in the past 24 hours. Ranked 12th in CoinMarketCap, Shiba Inu is forecasted for massive rallies soon. Although the Shiba Inu market sentiment is bearish, the rising market activity is expected to push the price above the $0.000020 resistance mark in the coming weeks.
Which Coins Have High-Profit Potential in Q4?
Near Protocol and Shiba Inu made the list due to the ongoing innovations in their ecosystems coupled with bullish price signals. For Lunex Network, the new DeFi coin is tipped to follow the path of Uniswap which surged exponentially during the first few months of launching.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
