Reasons Why SUI and Lunex Network Will Continue To Rip In November, But Hype Has Faded For Arbitrum

Sui (SUI) has outperformed the vast majority of the crypto market in 2024. Lunex Network could soon follow suit as investors are flocking to its viral presale which has already raised more than $1.8 million in funds. 

The picture is not so rosy for Arbitrum (ARB) which continues to struggle along with other Ethereum-based L2. Let’s see how these projects compare and why Lunex Network could become one of the biggest surprises in 2025.

Sui Looks For New Highs In Q4

Since bottoming out in August at $0.53, Sui (SUI) surged by nearly 350% in mid-October, reaching an all-time high of $2.36. After selling pressure intensified, Sui retraced back to its previous heights and is currently consolidating at $1.96 with a 1.5% intraday increase. 

Analyst Alex Clay noted that Sui is forming a cup & handle pattern on the chart. This could foreshadow the start of a massive bullish rally for Sui with the main price targets being $6.90 and $9.60.

Could Arbitrum See Further Declines?

Arbitrum (ARB) seems to have bottomed out, but it's still unclear for how long this bearish price action will continue. At press time, Arbitrum is selling for $0.52 and has been hovering around his mark for nearly three months, with minor deviations to the upside. Arbitrum’s slump seems to be part of a broader trend affecting Ethereum Layer 2 projects, with Optimism and Polygon also struggling.

Analyst Jonathan Carter points out that the 50-day moving average has been acting as a resistance level for Arbitrum, forming a descending triangle. A clean break above this triangle formation could allow Arbitrum to gain momentum and reclaim key levels.

Lunex Network Is Spearheading The DEX Revolution

Lunex Network is more than the next run-of-the-mill decentralized exchange. It's a non-custodial protocol that integrates all major blockchains including Solana, Bitcoin, and Tron. Investors can seamlessly swap between more than 50,000 assets at the lowest possible fee without any liquidity issues typical of most DEXs. 

To use the platform, users don’t need to compromise any sensitive information as Lunex Network doesn’t require KYC verification. Investors just need to select the crypto pair, input the address, and confirm the swap.

Aside from offering an intuitive and frictionless DEX experience, Lunex Network boasts a wide array of features that could see its adoption skyrocket in the upcoming months.

Institutional investors will find a cutting-edge B2B payment bridge API. This will allow them to expand their payment options by accepting cryptocurrencies and having them instantly converted into fiat. Developers will have access to 65 RPC nodes to build highly scalable, decentralized applications.

Those who want to take their trading to the next level can subscribe to Lunex Pro. This is an exclusive service that will grant access to advanced trading tools, cashback on every transaction, and allow AML wallet checks.

Moreover, Lunex Network will also allow loyal holders to earn passive income through its revenue-sharing mechanism. On a weekly basis, Lunex Network will reinvest part of its revenue to buy back $LNEX tokens on the open market. These tokens will be then redistributed to holders as staking rewards.

Stage 5 of the $LNEX presale is live and tokens are priced at just $0.0019. This is the perfect entry point for buyers who want to be on the winning side of the upcoming DeFi revolution. When taking into account all that Lunex Network has to offer, it's realistic to expect massive price multipliers when the bull market is in full swing. Don’t miss out!

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com 

Socials: https://linktr.ee/lunexnetwork