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Ripple soared 250% to a $2.72 peak, while Lunex Network shines with a 300% presale surge to $0.0049.
Ripple (XRP) has been trending over the past few weeks largely because of its unprecedented rally, particularly after XRP price surged by over 250% from as low as 0.5 to reach a yearly peak of $2.72. This price rally further pushed XRP token through the ranks to become the third largest cryptocurrency by market cap before it subsequently dropped to fourth position.
Meanwhile, Ripple is not the only crypto asset making wave in the crypto market for its sensational price rally. In the presale market, Lunex Network (LNEX) is taking the lead following a 300% price rally that took LNEX price from an initial $0.0012 to $0.0049. But even more interesting is Lunex Network’s DEX platform which is beginning to draw more attention.
Lunex Network’s versatile approach to DeFi attracts institutional investors
Beyond its presale success, Lunex Network has been drawing attention largely because of its unique approach to solving DeFi challenges. The new platform particularly streamlines the crypto transaction process, shifting from the typical cumbersome method. As such, users can send any base cryptocurrency in their portfolio and have it remitted in other cryptocurrencies. Not only does this save time, but it also fast track the processing time.
While it allows users to send over 50,000 crypto assets across multiple isolated blockchains, Lunex Network further ensures that users get the cheapest rate possible for all their transactions which are completely executed anonymously. Additionally, Lunex network provides passive revenue for token holders; the platform allocates a portion of the revenue generated from the exchange to buy back tokens in the open market and redistribute among eligible participants.
Furthermore, Lunex Network caters to all categories of users, including institutional players. As such, it offers advanced services like a B2B merchant payment gateway that allows businesses to accept crypto payment and instantly convert to fiat. Similarly, developers can access over 65 plus RPC nodes for web3 development. While these attributes establish the platform as a versatile one, they contribute significantly to its growing success.
Ripple token faces major resistance below the $2.20 price level
Following a noticeable rally in the past few weeks, Ripple price is now facing a major resistance below $2.20. The top altcoin has been trading within a weekly price range of $2.18 and $2.15, which reflects less than 1% decline in the past week. While the minor retracement can be attributed to the broader market sluggish momentum, XRP price still maintains a generally bullish price trajectory.
Notably, XRP monthly chart reflects roughly 50% gain, which contributes significantly to its over 240% year-to-date price gain. As market analysts and token holders anticipate a breakout past the crucial level, top analysts like Andrew Griffiths hold a very bullish stance on a potential price breakout.
In a recent X post, Andrew noted that XRP price could go up anytime soon if the current support level above $2.16 is not breached. Corroborating this claim, XRP token’s technical analysis, including 30, 50, and 200-day EMAs point at a strong buy, which further suggest an imminent breakout.
XRP vs. LNEX: Which can deliver more return in q1 2025?
Both Ripple and Lunex Network have demonstrated exceptional prowess during the ongoing bull cycle. While it is too early to determine which one will outperform the other, it is important to highlight both project’s strengths that are capable of driving growth.
For XRP, Ripple Lab’s recent clearance by the SEC means more expansion plans that could attract more users. Lunex Network, on the other hand, is leveraging advanced institutional features to tap into a broader market. As such, both altcoins are set for exponential growth in the coming year with major growth projections speculated for the first quarter of 2025.
To learn more about Lunex Network, visit the website and join Lunex’s growing community.
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