Binance Network (BNB) has been losing its market dominance to intensifying jurisdictional hostility largely because of regulatory readjustment in the rapidly evolving market. Notably, Binance has had to scale back its ambitions to accommodate new regulatory policies across different jurisdictions.
While Binane is at it, Lunex Network (LNEX) is catching up very swiftly as a notable challenger in the Defi ecosystem. With a unique model that enables instant swap and multi-chain transfer of over 50K cryptocurrencies, Lunex is set to take the spotlight from Binance and other top altcoins like Near Protocol (NEAR) navigating bearish tides.
The Lunex Network is gaining popularity for its unique DeFi features in the presale market where it has now raised over $700k in presale funding just entering the third stage. Notably, the DeFi protocol connects isolated blockchains and establishes a non custodial crypto exchange that facilitates instant swap and trade of crypto assets across multiple blockchains at a very low cost.
In addition to this, Lunex Network prioritizes user privacy by eliminating the need for KYC nor the integration of third-party wallets, thus ensuring complete anonymity. Moreso, with its community-first approach, Lunex Network offers rewarding incentives such as allocating a percentage of its revenues via its native token, $LNEX.
Furthermore, Lunex Network provides other lucrative benefits like instant swaps backed by institutional liquidity, exclusive token holder discounts, and cash-back rewards. Also, there is a B2B payment gateway for businesses to accept crypto and easily swap them for fiat. With the addition of a portfolio tracker and Lunex Pro, a paid service that provides advanced tools such as AML wallet checks, Lunex Network is set to take on Binance in 2025. So join in early for only $0.0013.
It is no longer news that Binance (BNB) has had it worse this year with incessant regulatory challenges. However, the native BNB token is still exhibiting a positive outlook that has kept its price on a positive trajectory. Notably, BNB token is currently trading within a weekly price range of $580 and $575, which reflects a modest rise of less than 2% in the past week.
While the recent price consolidation is attributed to the broader market retracement, BNB price trajectory maintains a generally bullish outlook. This positive outlook is evident in its roughly 5% price increase in the past month and over 181% in the past year.
Considering this positive outlook, token holders have disregarded the regulatory woes faced by the establishment, a reality that is also evident in the coinmarketcap community rating which reflects 77% bullish sentiment based on nearly 6K votes.
The past week has been quite challenging for Near protocol, with the native NEAR token registering a noticeable 9% decline. This seemingly minor setback has shrunken the token's monthly price gain to only about 35% having reached a peak price of $5.82 before dipping to its current price slightly below $5.
Regardless, NEAR price has managed to exhibit an overall bullish outlook as it reattempts to reclaim the lost ground. Besides its noticeable monthly price gain, NEAR token's year-to-date outlook further reflects a 360% plus increase which suggests a generally bullish momentum for the top altcoin.
Although both Near protocol and Binance are established and have stayed long in the crypto market to remain relevant for long, Lunex Network presents a new perspective that could help it climb to relevance faster. Moreso, considering its rapidly-selling presale and growing interest from institutional users, Lunex Network stands a chance to outshine several established altcoins, including Near protocol.
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