ICP & Filecoin Struggle While Lunex Becomes Crypto's Hottest

ICP & Filecoin Face Volatility as Lunex Prepares for Breakout

Internet Computer (ICP) and Filecoin (FIL) have been caught in the crypto whirlwind as both continue to retest lower levels, suggesting that further disruption could be on the cards. Meanwhile, DeFi star Lunex is about to outperform major decentralized exchanges with its novel framework and passive income model.

Internet Computer Is Flatlining

Internet Computer has been moving in a narrow range with the ICP price fluctuating between $7 and $8.5. When zooming out on the Internet Computer chart, the highs are moving under a descending trendline, and the lows are getting progressively higher. As accumulation continues, analysts believe that Internet Computer could reach a tipping point followed by a violent move in either direction. 

At the time of writing, Internet Computer sells for $7.69 with a 5.4% decrease over the last 24 hours. Despite the underwhelming price performance, work behind the scenes continues for Internet Computer as the latest developer update improves the interaction between Internet Computer smart contracts (nicknamed canisters) and other blockchains, such as Solana and Cardano.

Filecoin Could Break Below 2023 Bottom

Over the last six months, Filecoin has returned all of its gains to the market. It peaked at $11.47 in March, and since then, Filecoin has seen 70% of its value wiped out. Currently, Filecoin is priced at $3.40, with a 2.2% intraday decrease. 

Filecoin has been caught in the crossfire in the SEC’s battle with cryptocurrencies. Under the new filings, Filecoin and several other projects, such as ATOM and SAND, are to be considered securities. As uncertainty and turbulence intensify, Filecoin is struggling to regain its footing and analysts warn about the possibility of further bearish continuation.

Lunex Is Eyeing A Huge Surge In Q4

DeFi gem Lunex is a DeFi exchange that connects isolated blockchains and offers lightning-fast swaps between them. Lunex supports major blockchains, including Ethereum, TRON, Solana, and Binance Smart Chain. Investors will be able to trade more than 50,000 assets while maximizing their earning potential by holding the $LNEX token.

No KYC verification is necessary to join the platform, providing a frictionless trading experience that doesn’t require users to compromise their anonymity. Individuals don’t need to connect a wallet to use the exchange either, they can just select the crypto they want to swap, input the address, and hit confirm.

Moreover, Lunex offers a vast array of products within its ecosystem including an exclusive DeFi crypto wallet and a portfolio tracker for asset management. Those who want to take their trading experience to the next level can even subscribe to Lunex Pro for enhanced trading tools and more advanced options.

Lunex is one of the few DeFi platforms that offers a sustainable revenue-sharing model, allowing holders to earn on autopilot. On a weekly basis, Lunex will reinvest a portion of its profits and redistribute them among holders who will receive up to 18% in APY.

One thing that could help businesses and institutional investors will be the fact they will be able to leverage the Lunex B2B payment gateway API, allowing them to accept crypto payments that can instantly be converted into fiat money. Experts have praised this move, as Lunex wants to do its part in furthering worldwide crypto adoption.

The first stage of the Lunex presale has just started and $LNEX is priced at just $0.0012, marking the perfect entry point for investors who want to capitalize on the rise of next-gen DEXes.

An 18x rally is expected by the end of the presale alone, and a legendary 50x multiplier could come sooner than expected once Lunex is unleashed on the market. Take action now!

Discover the Exciting Opportunities of the Lunex (LNEX) Presale Today!

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