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The leading CEX platform, Binance, has extended its dominance in the $36.5 billion crypto exchange market, as its cumulative trading volume has crossed $100 trillion. However, as Binance continues to dominate, a new DeFi project in the block known as Lunex Network (LNEX) awaits to take its position.
The LNEX token is expected to surge by 18x before the end of the current fourth quarter and thus, likely to outcompete the rest of the market. Solana (SOL), one of the top altcoins, is also garnering momentum as it looks to reclaim the $180 price level.
Binance Coin (BNB) Crosses $600 As Exchange Hits New Milestone
Binance has hit a new milestone in trading volume. CCData shows that its cumulative spot and derivatives trading volume has crossed $100 trillion.
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In other news, the Binance Coin crypto is displaying gains on the weekly and monthly timeframes, according to CoinMarketCap. Despite the cryptocurrency’s price corrections in the past month, it continues to trade above the 50-SMA ($560.10) and 200-SMA ($571.21).
This movement is a sign of bullish pressure and could lead to a massive price increase in the coming weeks. Going forward, potential targets for the Binance Coin BNB are $680 and $760. George1Trader forecasts that the Binance Coin price could pump to $812.
Solana (SOL) Pump.fun Introduces New Trading Terminal
Solana (SOL) memecoin exchange Pump.fun has launched its professional trading terminal, Pump Advanced. Pump Advanced is a tool that seeks to improve users’ trading experience by providing features like real-time update threads, advanced filters, detailed charts, and top-holder statistics.
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Meanwhile, the Solana coin has outperformed many other cryptocurrencies, increasing by 490% over the past year. According to CoinMarketCap, the Solana price has crossed the $160 mark.
It is trading above the 200-SMA at $151.11, which is a bullish sign. Coincodex forecasts the value of the Solana crypto could pump by 13% to $192.43 in the coming weeks. Another analyst, Alsawaaaf, predicts that the Solana (SOL) price might pump to $260 based on a bullish pennant pattern.
Lunex Network (LNEX) To Redefine The DeFi Market
Lunex Network (LNEX) is planning to revolutionize decentralized finance (DeFi) with a non-custodial exchange where anyone can trade crypto across different chains. Unlike other platforms that make users lose ownership of their assets, Lunex Network allows users to retain full control over their private keys.
Besides security, Lunex Network is designed to be easy to use and private and does not require users to go through KYC procedures. It does not require users to provide their identification details and hence is convenient for those who prefer to keep their identities hidden and a fast onboarding process.
Unlike other exchanges that demand a lot of information from their users, Lunex offers a simple way for newcomers who would like to remain anonymous and gain exposure to a vast number of assets.
The technology that is unique to Lunex Network is the Enclave Technology, which comprises features such as the backup solution that supports iCloud. This gives users the confidence their assets are secure and yet the ability to access them safely. Such approaches are not always available in traditional platforms, which is why users who want more than basic security measures should turn to Lunex.
The LNEX token is also the native currency of the platform and has been gaining attention due to the special advantages it offers to its holders. Those who have it are eligible to earn a part of the platform’s revenue, discounts, and lots more. Selling at $0.0017 in its Stage 4, experts have predicted an 18x surge by the end of Q4.
Can Lunex Network Rival Binance Coin (BNB)?
Despite Binance Coin’s (BNB) popularity, analysts argue the Lunex Network can outperform the cryptocurrency due to its utility and more innovative features. Also, the Lunex Network exchange’s no-KYC and revenue-sharing model makes it a top competitor to Binance.
You can find more information about Lunex Network (LNEX) here:
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