Ethereum’s high gas fees have always been a pain point for crypto traders, but Lunex Network’s new cross-chain exchange is solving the problem with its aggregation protocol that promises lightning-fast transactions at minimal costs.
Ethereum (ETH) Loses Momentum Amidst Competitive Market
Ethereum might be the second-largest crypto by market cap, but it has been underperforming over the last few months. Since Ethereum recently faced a rejection from the 200-day simple moving average, analysts and investors are now losing confidence in Ethereum’s recovery. Amidst this sentiment, Ethereum’s volume has increased by 57.62% over the last 24 hours which typically reflects a sell-off. Unless Ethereum breaks above the critical $2,700 resistance, investors might abandon Ethereum for good.
While other DEXs are now offering extremely low-cost transactions, Ethereum’s gas fees still remain one of the highest in the market. To make things worse, Ethereum hasn’t seen any major buying pressure from whales over the last few months. If Ethereum doesn’t recover investor interest soon, the price could plunge to the $2,005.05 support in Q4. However, if buying momentum increases, Ethereum could test the upper resistance at $3,131.17.
Lunex Network (LNEX) Offers Lowest Transaction Fee in the Market
Lunex Network (LNEX) might be a new exchange-based token, but it is already targeting the gains of Ethereum. While traders continue to complain about Ethereum’s high gas fees, Lunex Network is offering a simple solution with its new cross-chain exchange. As Lunex Network gains traction in the DeFi exchange space, analysts believe this new token could become the next 100x crypto by 2025.
By bringing the latest Web3 technology to the world of decentralized exchanges, Lunex Network is launching an interconnected platform that combines isolated blockchains into one non-custodial network. Through Lunex Network’s cross-chain interoperability, traders can swap 50,000+ crypto pairs at fast speeds and low costs.
Through Lunex Network’s aggregation protocol, traders can enjoy the lowest possible cost on every cross-chain exchange. Instead of sourcing the price from a single DEX, Lunex Network splits every trade across blockchains to offer unbelievably low trading costs. To make things even better, Lunex Network ensures the privacy and security of users through an Ethereum-backed network and a no-KYC policy that allows traders to remain anonymous.
Aside from giving Ethereum a run for its money, Lunex Network’s native $LNEX also functions as an independent utility token with deflationary tokenomics. As Lunex Network generates revenue through merchant listings and transaction fees, the platform reinvests its profit to purchase $LNEX on the open market. These tokens are then distributed amongst current LNEX holders as staking rewards with up to 18% APY. As the buyback mechanism increases Lunex Network’s demand in the market, the capped supply of 8 billion ensures that the token follows a strictly deflationary price trend.
With Q4’s bull market just around the corner, Lunex Network is ready to outshine Ethereum with its innovative features and remarkable technology. Lunex Network has already entered stage 2 of its presale in record time, with the native $LNEX token selling for a low price of only $0.0013. As Lunex Network gains momentum, analysts expect the token’s price to rally by more than 1800%, making now the perfect time to invest in the future of DEXs before the price surges any further.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork