Geopolitical tensions in the Middle East have had a significant impact on the crypto market, resulting in mixed performance for cryptocurrencies. However, some altcoins, such as Sui (SUI) and Aptos (APT), have managed to maintain impressive price performance due to their resilience in the market, unique partnerships, and notable network developments.
Notably, Lunex Network (LNEX), a DeFi token and swap exchange that offers a revenue-sharing model for token holders, has experienced a bullish week. Despite being only in the second stage of its presale, Lunex Network is already trading at $0.0013, surpassing its initial price of $0.0012.
The exchange-based token of Lunex Network has been on a bullish trend since its presale launch, raising over $625K and proving its potential to outshine hyped cryptocurrencies like Sui and Aptos. This success can be attributed to the project’s features and revenue-sharing model.
A unique aspect of the Lunex Network is that a portion of the generated exchange’s profits will be used to buy LNEX tokens on the open market and redistribute them to token holders. This approach not only leads to an increase in the price of Lunex Network over time but also rewards token holders who choose to stake or hold the tokens.
With no Know Your Customer (KYC) requirements, the Lunex Network protocol aims to provide a convenient platform for all DeFi-related transactions, offering over 50,000 swappable currencies. This makes Lunex a better gateway for instant swaps across multiple blockchains, including Ethereum, Solana, and Tron.
Meanwhile, Sui (SUI), a Layer 1 blockchain token, has witnessed a significant surge in its price, experiencing a 124% increase in just a month and trading around $1.87. This surge positions SUI token holders favorably as optimism within the altcoin sector continues to rise, setting the stage for a potential rally in October.
The surge in Sui’s price can be attributed to the introduction of a new feature called the Sui Bridge by the Sui Foundation. This feature enhances connectivity between Ethereum and Sui networks, facilitating secure asset transfers. The development is expected to attract new users and boost liquidity, thereby propelling Sui’s price performance. Additionally, the Moving Average Convergence Divergence (MACD) for Sui coin indicates a convergence towards the signal line, suggesting that the bearish crossover might be over. If Sui surpasses its notable barrier of $2, its price could experience further growth as interest in the coin continues to rise.
On the other hand, Aptos (APT), known for its innovative blockchain technology, has formed several partnerships, including one with asset manager Franklin Templeton. The partnership involves the expansion of Franklin Templeton’s Franklin OnChain US Government Money Fund (FOBXX) to the Aptos blockchain. Additionally, Aptos has acquired HashPalette as a fully owned subsidiary, with HashPalette’s blockchain, Palette Chain, and existing applications transitioning to the Aptos network. These developments have provided Aptos with an opportunity to expand its presence in Japan and the US markets. Currently trading around $8.5, representing a 35% monthly surge, Aptos’s price performance is aiming for the $10 mark, with the potential to reach it soon.
As Sui and Aptos continue their upward trends, Lunex Network is also expected to sustain its price rally, supported by its unique features. Analysts have projected that the token will experience an 18x rally during its presale stages and a 50x rally upon its launch, offering early investors a promising opportunity for high returns on investment.
For more information about Lunex Network (LNEX), visit their website at https://lunexnetwork.com. You can also find them on social media via https://linktr.ee/lunexnetwork. Tags: APT, SUI.
