Penny cryptocurrencies, also known as "penny cryptos," are digital currencies trading at a rather low price, usually below $1. These cheap tokens often have high ROIs, especially during bull markets. As the current bull market keeps roaring on, three penny cryptos are positioned for phenomenal returns: Tron, Cronos, and Lunex Network. This piece reveals which of these tokens can boost your crypto portfolio profits exceedingly well.
Lunex Network is well-positioned to be one of the most important players in the DeFi space. It approaches crypto trading with an innovative mindset, offering cross-chain swaps across multiple blockchain networks to break the challenge of blockchain fragmentation.
Coupled with low gas fees and fast transaction speeds, Lunex Network is well-positioned to disrupt both decentralized and centralized exchanges in the next few years. But that’s not all. Lunex Network also ports an innovative revenue-sharing model.
The platform utilizes some portion of its trading and subscription revenue to buy LNEX tokens off the open market. It then redistributes these bought-back tokens to stakers, providing an astonishing 18% APY after staking periods as short as 30 days. This model incentivizes not only long-term holding but also consistent passive income for investors.
Analysts are bullish about Lunex Network's potential; that’s why they’ve predicted a staggering 1800% increase in value by the end of its presale. With its user-friendly interface, privacy-focused approach, and other goodies, Lunex Network is poised to become a top crypto project that will fetch substantial gains for early investors.
The last few weeks saw Tron rally exceedingly well. Currently going for about $0.2, TRX is up by double digits, and according to technical analysis, Tron is breaking an ascending triangle, meaning further upside may be seen.
TRX is also trading well above its Moving Average, another signal that points to further Tron price increases. Should TRX maintain this momentum and break above $0.22, it could hit a new all-time high. This would make it a decent investment opportunity for the rest of the year.
The EVM-compatible Cronos blockchain has consistently gained traction among developers and projects, and this has driven the need for CRO. That may be why Cronos exploded in the aftermath of the US election. The token climbed above $0.2 before a correction sent it towards $0.14.
Nevertheless, CRO has consolidated its gains and is now trading around $0.19, which isn’t that far from its yearly high. Given that CRO is closely affiliated with popular exchange Crypto.com, there’s a decent chance it could go through a resurgence in the current bullish climate and rediscover previous highs.
Penny cryptos are extremely attractive because of the potential gain they offer investors, and that’s why CRO, TRX, and LNEX are highly sought after by investors. But of the three, Lunex offers the most attractive entry price of $0.0031. This project has ambitions to hit the $1 mark, and experts believe it has the capabilities to reach this landmark. Imagine holding thousands of LNEX tokens when it hits this price level. The potential profit alone is enough to make one a crypto millionaire.
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.