With 11 million holders amassed, HMSTR soars among other Web3 gaming platforms while ADA moves to break its resistance level. Despite tokens like Lunex enjoying a bull run and attracting mega interests, IMX crypto struggles to find a balance amid the SEC court case.
With $2.5 million raised, the Lunex Network’s growth rate overshadows HMSTR, ADA, and IMX. Find out more.
Lunex Network: Riding on the DeFi wings with its attractive features
The Lunex Network combines the liquidity of CEXs with the decentralized ownership model of DEXs, offering users enhanced security and reduced transaction costs.
Lunex is positioned to outperform most established tokens with its blend of liquidity, decentralization, and innovative technology.
Also, Lunex has advanced features like a comprehensive portfolio tracker and merchant payment solutions. These tools allow users to manage crypto, stocks, ETFs, and other assets with a unified interface.
With support for over 50,000 assets, Lunex enables seamless trades across various blockchains. This robust integration makes it attractive to both high-volume traders and institutional investors.
With a new presale price of $0.0026, Lunex has received strong interest from investors, and the network has experienced a surge in token sales.
Cardano: ADA leveled up with a price surge
ADA’s valuation spiked after the US election. This surge may have been due to the rumored potential use of ADA’s blockchain technology during election voting and identity verification systems. ADA has seen its price rise by over 100% in recent times.
ADA also witnessed net exchange outflows of $50 million mid November. For most crypto players, this increase in exchange net flows for ADA indicates higher buying pressure among investors. With the heat turning up in the past two days, ADA’s price action remains bullish as buying pressure continues. Moreover, crypto traders have preferred ADA’s derivatives, pushing its open interest above $550 million.
Immutable: IMX struggles amid regulatory development
IMX crypto entered the Web3 gaming community with an attempt to make gaming experiences for users seamless. With its “pre-approved transactions” announced on November 11, the IMX update lets players conduct transactions without exiting.
By making blockchain interactions smoother, IMX sets a new standard for the Web3 gaming community. Yet, this update hasn’t prevented IMX’s recent bearish performance. From a 14% bullish run on November 5, the IMX crypto token has switched to bearish momentum. But with the 20-day SMA in focus, IMX hopes to breach the $1.35 mark.
Hamster Kombat reached $1.3 billion in trading volume despite losing players
Since Binance announced the HMSTR listing on Sept. 26, the token’s valuation has plummeted. As of November 14, the crypto player has lost about 259 million holders.
HMSTR entered the crypto space as a Web3 gaming player providing NFT values for its holders. However, its user engagement declined from 300 million in August to 41 million in early November. Also, HMSTR’s price dropped from a high of $0.01 on Sept. 26 to $0.0022 on November 4.
Despite this, HMSTR experienced a spike in trading volume, with $1.3 billion recorded in daily spot and $4 billion in perpetual trading volume. Even after losing its holders, HMSTR has amassed a community of 11 million holders.
While HMSTR has bounce-back potential, experts are tipping Lunex to outcompete ADA and IMX in guaranteeing stable growth and high ROI.
You can find more information about Lunex Network (LNEX) here:
- Website: https://lunexnetwork.com
- Socials: https://linktr.ee/lunexnetwork
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
