The post NEAR and RENDER Faded; This New Altcoin is Dominating the Crypto Scene appeared first on Coinpedia Fintech News
As the excitement around NEAR and RNDR slows down, the crypto market is shifting its focus to newer, more promising projects. Lunex Network is rapidly emerging as a prominent topic within the crypto sphere, overshadowing major cryptocurrencies with its robust profit prospects.
While established altcoins struggle to maintain momentum, Lunex Network is experiencing a remarkable surge, offering substantial returns to investors in its ongoing presale.
Enjoy DeFi’s Best Features With Lunex Network
Lunex Network is positioning itself as the top crypto that delivers both real functionality and consistent profits for investors who are constantly on the hunt for features. Despite being a new altcoin, Lunex Network is already dominating the market with its DEX protocol designed to improve trading by addressing major challenges in the DeFi space.
This protocol uses a unique aggregation technology to pull liquidity from multiple exchanges. This also ensures that trades can be split for the best prices. Additionally, Lunex Network possesses an advanced smart contract system that continuously verifies transactions, providing real-time information and enhancing the platform’s efficiency and security.
Users who hold Lunex Network‘s native token, LNEX, can enjoy the platform’s best utility and premium features. With LNEX, these holders get amazing staking rewards, and governance voting rights that lets them make decisions regarding the growth of the platform.
NEAR Dips Following Current Market State
The past month has been highly volatile for NEAR as it has fallen below its previous support zone of $6. After briefly rising from $5.5 to a little over $8 between November end and the first week of December, NEAR is now struggling to maintain a price above $5.5.
NEAR trading at around that mark shows a 5.14% decline in the past month and a huge 22.72% decline in a smaller time frame. While many analysts have attributed this fall to the current state of the market, NEAR investors are hopeful that this price trend doesn’t last for too long.
Could Recent Fall Cause RNDR to Lose Investor Attention?
Like NEAR, RNDR has also been on a downtrend lately. According to Render price charts, RNDR fell drastically from an impressive $9.33 to around $7.30, where it has been trading recently. This represents a decline of over 21%, raising concerns among RNDR investors about the token’s price trajectory leading into 2025.
Some investors suspect that RNDR’s token name rebrand to RENDER (and move to Solana from Ethereum) could be a contributing factor to this fall. Despite their worries, there is still a bit of optimism among RNDR investors who are banking on the bullish sentiment around the upcoming United States Presidential swearing-in to boost the official Render price.
Conclusion
While old-timer cryptos like NEAR and RNDR are fading, the new Lunex Network is steadily making its way to the top of the crypto market. Its live presale, where LNEX tokens are valued at $0.0048, is the main boost to this growth trend. Having already raised over $5.4 million through the presale, there is no doubt that Lunex Network will become a market giant in no time.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
