Sui and Tron Experience Over 25% Growth, Token Holders Eye More Gains with a New Altcoin Surging 300%
As the year draws to a close, crypto investors are already reviewing their portfolios in anticipation of 2025. While most altcoins are weathering tumultuous market conditions, only a few leading ones like Sui (SUI) and Tron (TRX) have managed to secure notable gains in the expansive crypto market.
The Sui token has particularly captured attention with over a 600% increase in recent weeks. However, with the bullish trend showing signs of slowing, astute investors are exploring other opportunities. In the presale market, for example, Lunex Network (LNEX) is garnering significant interest, having achieved an impressive 300% gain during its presale phase.
Lunex Network's 300% Price Increase Draws Attention; What’s Next?
Besides its rapid presale success, which has attracted a large user base, Lunex Network (LNEX) is notable for its innovative approach to decentralized finance (DeFi). This DeFi protocol simplifies cross-chain crypto transactions, enabling users to instantly trade over 50,000 crypto assets across various isolated blockchains, all with low fees and complete anonymity.
Lunex Network removes the necessity for users to share sensitive information or link third-party DeFi wallets like MetaMask and Trust Wallet. This not only ensures a safe trading environment but also underlines the platform’s dedication to total transparency. Additionally, Lunex Network provides a non-custodial B2B payment gateway, allowing businesses to accept cryptocurrencies as a payment option.
This focus on institutional clients, along with other unique features such as its revenue-sharing model, instant access to 65+ RPC nodes for Web3 development, a portfolio tracker, and other subscription-based advanced features, positions Lunex Network as a disruptive force in the market. This explains its ability to generate over $5.5 million in revenue swiftly, alongside a 300% price surge from an initial $0.0012 to $0.0049.
Sui's Price Path Offers Further Profit Opportunities, Say Analysts
The Sui (SUI) network has seen a steady influx of new investors since its parabolic rise began earlier in September. After climbing over 600% from the 0.70 region to hit a yearly high and all-time peak of $4.93, the SUI token has proven itself to be a lucrative altcoin.
However, with a dip in bullish momentum across the crypto market, the SUI price has experienced considerable fluctuations as it tries to maintain its position above the critical resistance level around $4.50. Currently, it trades within a weekly range of $3.70 to $4.39, with SUI price showing an approximate 18% increase over the past week and nearly 29% over the past month.
While it maintains a generally bullish perspective, recent market volatility casts doubt on the SUI token's ability to surpass the $5 mark soon. Nonetheless, market analysts are hopeful about a potential price breakout. Prominent crypto analyst Mags has specifically projected a price target between $14 and $19, fueling optimism among token holders.
Tron Faces Market Correction Challenges but Remains Bullish
Mirroring Sui's trajectory, the Tron (TRX) token has also experienced a remarkable rise in recent weeks. Notably, the Tron price reached a yearly high of $0.44, which also marks its all-time high.
However, unlike the SUI token, TRX has been more significantly affected by recent market volatility, falling to nearly half its peak value and currently trading within a weekly price range of $0.23 to $0.26. While this pullback is considered a minor hurdle, many analysts view it as a necessary correction for a continued upward trend.
In a recent X post by Andrew Griffiths, it’s suggested that TRX is gearing up for a breakout. According to his chart analysis, the TRX price could experience a 17% increase if it manages to break through the resistance zone around $0.30. Meanwhile, Tron technical analysis on TradingView, including 30, 50, and 200-day EMAs, indicates a strong buy signal.
Will Lunex Network Surpass SUI and Tron in Market Influence?
Sui and Tron have both cemented their status as strong contenders in the DeFi arena, and Lunex Network will need more than a successful presale to outpace these innovative leaders.
Nevertheless, Lunex Network’s diverse focus on both retail and institutional sectors provides a significant advantage. As it continues to draw participants from both the crypto sphere and the corporate sector, Lunex Network stands a chance to rival leading altcoins like SUI and TRX.
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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
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