Many investors are already preparing for a potential altcoin season predicted for the coming months. If that prediction is anything to go by, we can expect names like Solana (SOL) and Ethereum (ETH) to be in the mix based on their top status in the altcoin space.
However, one common trend observed among crypto whales is the massive accumulation of Lunex tokens. As a result, the token’s presale has been a success, raising over $5.7 million in no time. The new altcoin’s move is also causing optimistic predictions that it will outshine SOL and ETH after launching fully. Let’s find out why crypto investors are bullish on the token.
Solana leads in DEX volume for 2024
The Solana network was created to be one of the “Ethereum killers” by introducing a more efficient, scalable, and affordable platform for decentralized apps (dApps) and DeFi traders. The blockchain and the SOL token have lived up to the expectations, ranking among the top 6 cryptocurrencies per data from CoinMarketCap. Likewise, the SOL price increased by over 83% in the past year, but it’s the network’s DEX volume that’s more impressive.
No other network has challenged SOL as the most preferred network for DEX trading this year. That’s why its $97 billion DEX volume comes as no surprise. The surge is majorly driven by the success of Solana meme coins and its lower fees compared to Ethereum. In contrast, the DEX volume on Ethereum within the same period is $74 billion.
Ethereum remains the top altcoin
Despite SOL having one over ETH in terms of DEX volumes, Ethereum remains the largest altcoin on the market. As of the time of writing, the coin’s market cap stands at over $408 billion, which is significantly higher than Solana’s over $92 billion. Ethereum’s consistent growth is fueled by its high demand among developers, who have thousands of dApps running on the network.
Similarly, the ETH price thumps that of Solana and other altcoins. At the time of writing, the Ethereum price is around $3,380 compared to Solana’s $193. However, Solana’s 84% gains in the past 12 months supersede Ethereum’s 47% increase – showing signs that the Ethereum price may have peaked.
New altcoins are poised to dominate 2025
With ETH and SOL looking unlikely to unlock new all-time-high milestones, the earliest investors are the biggest winners. Crypto whales looking for investment opportunities that can 1,000x are turning to new altcoins with the potential for massive all-time highs in the near future. Lunex presents itself as one of such new tokens with the possibility of unlocking new highs as the market anticipates a new altcoin season.
The Lunex presale has been one of the year’s highlights, causing a massive bullish trend among ETH and SOL whales. The token’s price has also been on a constant increase since the presale began, currently trading at $0.0052 but set for further increases as the presale progresses.
The increasing interest in the Lunex Network is driven by its various features in the DeFi market. Its DEX supports smooth and cheap asset transfer across blockchains. The network also features a staking program with up to 18% APY for Lunex token holders. Plus, traders can enjoy passive income via the cashback rewards earned on every transaction.
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.
