Sui Network’s native token, SUI recently clocked another all-time-high (ATH) after it surged past the $4.47 price levels. Having surged more than 450% in the past year, SUI token now ranks among the top crypto performers this year, outpacing more established altcoins like Solana $216 (SOL) with slightly above 200% year-to-date price increase.
Meanwhile, looking beyond the top flyers, fast-rising presale star, Lunex Network (LNEX) have also gained quite a lot of attention. With nearly $5.2M raised in presale revenue as well as its institutional focus, Lunex Network is parading itself as the next big thing in the crypto market, especially as it draws closer to its scheduled launch.
Sui Token Set to Hit New Record High Amid Bullish Momentum
Sui (SUI) tokens have had a good run since recovering from its year-to-date lowest price level around $0.53 back in August. Since then, SUI token have clocked a new ATH price three consecutive times with the most recent being $4.80.
While SUI price has slightly retracted from its peak level, SUI token is currently trading within a weekly price range of $3.69 and $3.79, which reflects a modest 3% increase in the past week and over 21% in the past month.
With SUI token maintaining a generally bullish sentiment, coupled with bullish moving averages including 30, 50, and 200 SMAs and EMAs, the leading DeFi token is expected to continue on a bullish trajectory, potentially surpassing the $5 price mark before the end of the year.
Solana Price Faces Severe Fluctuation Amidst Steep Ascent
Despite briefly crossing the crucial $250 resistance zone, Solana (SOL) has been subjected to a severe price fluctuation in the past month. Notably, SOL price reached a monthly peak level of $262 toward the end of November, but has since navigated a downtrend.
Currently trading within a weekly price range of $225 and $218, SOL price reflects about a 3% decline in the past week, shrinking its overall monthly gain to only about 6%. Regardless, SOL token is still exhibiting a generally bullish momentum, having registered roughly 205% increase in the past year.
Meanwhile, several analysts are projecting a sideway price movement for SOL, ranging between $225 and $210 before any major breakout could take place. Specifically, top crypto analyst, Crypto master predicts an upshoot to $260; albeit claims an entry level around $188 would be perfect for the top altcoin, further suggesting a possible decline in SOL price in the immediate term.
Lunex Network Teases More Profit Potential Amid Rapid Presale Success
Based on the Ethereum $3,866 network, Lunex Network (LNEX) has emerged as a diverse exchange network that aims to expand DeFi capabilities while optimizing crypto transactions on a global scale. Besides streamlining crypto swapping and transaction processes, Lunex network also boasts of institutional-grade features that distinguishes it from most existing exchanges.
Specifically, Lunex Network provides a B2B merchant payment gateway that allows businesses to easily accept cryptocurrency as well as enable instant conversion to fiat and vice versa. In addition, developers can also access 65+ RPC nodes for Web3 development needs. These, coupled with other smart features like a portfolio tracker makes it easy for users to navigate the platform seamlessly while enjoying unlimited benefits of Web 3.
Furthermore, Lunex Network eliminates the need for KYC or third-party wallets like Trust Wallet or Metamask, providing a more secure and accessible platform for all users. Meanwhile, at the centre of its operation is the native LNEX token, whose valuation has now increased by more than 283% to reach its current price of $0.0046. Albeit, with the growing demand, analysts said that in this bull cycle, LNEX can go up to even $0.5.
Can Lunex Network Outperform Solana and Sui Network?
Although Solana and Sui Network boast a more robust infrastructure compared to Lunex network, the latter’s innovative approach to DeFi stands out; this is evident in the rapid progress of its presale.
Furthermore, considering its institutional focus and innovative swap mechanism, Lunex network and its native LNEX token is expected to witness rapid adoption that could position it highly among top cryptocurrencies like SOL and SUI.