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Avax’s price has already surged a whopping 1,543% since its all-time low four years ago. Though above $45, AVAX price has dipped 68% from its ATH. The tide has, however, started to change, as seen by AVAX’s price uptick of 45% in the last 30 days. If AVAX price establishes support around the $54 region, a leg up might ensue as AVAX price approaches its previous ATL.
However, AVAX's price is at a critical inflection point where a strong rejection could see AVAX plummet to lower support regions around the $21 range. Avalanche's fundamentals, yet, are bullish, as seen by reports about Avalanche's recent network upgrade.
Attention towards AVAX’s price is an indicator of increasing DeFi confidence. Decentralized exchanges are booming, and emerging projects such as Lunex Network stand a chance of becoming the next 100x altcoin. Lunex is advancing toward the future of DeFi with a hybrid DEX and aggregator capable of delivering institutional-grade liquidity to DeFi traders.
Lunex’s LNEX token is quickly on its way to becoming the next 100x altcoin. While DeFi is growing, most DEXs are riddled with low liquidity and substandard aggregators. For DeFi traders, these inconsistencies are costly as every trade or swap comes with higher slippage, not to mention higher network fees.
What's more, most DEXs feature sophisticated user interfaces that are inaccessible to non-tech-savvy users. Lunex offers a revolutionary solution that provides a powerful cross-chain network capable of accessing deep liquidity, thus limiting slippage and the cost of each transaction.
Lunex comes with a multi-chain DEX that features more than 50,000 currency pairs. Your assets remain in your control; the entire process only requires you to use the receiving address of your non-custodial wallet.
Lunex deploys a combination of both on-chain and off-chain elements, thus delivering a unique experience that ties together the best of both a CEX and a DEX. With over $5.4 million of LNEX tokens sold in its ongoing presale, Lunex is on track to become a 100x altcoin on launch, according to market watchers.
As the DeFi narrative picks up momentum, Avalanche is breaking barriers thanks to a recent upgrade that could make it much easier for developers to launch dApps on its network. In the last 30 days, AVAX’s price has surged over 40% amid a marketwide bull run that has seen Bitcoin hit $100K.
Avalanche is forging the future of Web3 and DeFi with its Explo Retro9000 upgrade, which is set to streamline the distribution of grants in its ecosystem. This move could set AVAX’s price on a bullish trajectory as more users will be able to launch sovereign Layer-1 chains on Avalanche, thus avoiding congested networks that come with high fees. AVAX is already responding to the boom with a notable uptick of about 45% in the last year.
Finding the next 100x altcoin can be daunting, given the many options that exist in today's market. AVAX’s price is a clear reflection of DeFi's growth. While volatility still persists, the emerging Lunex Network has a real potential to become a 100x altcoin, given its disruptive hybrid approach.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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