The bull market has long been expected, with both presidential candidates set to print unprecedented amounts of new dollars. With the US election just days away, finally the Ethereum (ETH) price is surging – up 4% in the past few days.
New crypto Lunex Network (LNEX) is seeing whale investor interest as its presale goes from strength to strength. The price is already up 60% and it’s only in stage 5 of the presale. This is bad news for the likes of Chainlink (LINK), which is likely suffering from second-cycle syndrome.
Lunex Network is set to disrupt the legacy altcoin space
The US election typically introduces the next bull wave, and this year appears to be following suit. There’s a buzz in the air for a new beginning for America, and it’s being reflected in all markets, especially the crypto space. And best of all, bull markets introduce new crypto platforms that offer life-changing gains.
Lunex is a rising competitor to major altcoins and signals a potential shift in the decentralized finance (DeFi) landscape. With its cross-chain capabilities and decentralized exchange (DEX) that enables support for 50,000 crypto trading pairs, Lunex is attracting attention from retail and institutional investors who demand those big gains.
Lunex also boasts staking opportunities for its native token, providing additional incentives for investors looking to earn a passive income. This has all exchanges on red alert as there has never been such capability for a DEX with deep liquidity, and crypto whale investors and analysts are fully aware of its potential.
Lunex Network is a new player in the crypto market and is already making waves as it attracts high-profile investors. Now in stage 5 of its presale, the platform has raised over $1.5m already. This has seen the LNEX token price surge 60%, but with several key analysts predicting it to be the next crypto to 100x in value, the timing is perfect to buy at these low prices.
The US Election arrives at a perfect time for Ethereum
Ethereum has been disappointing this year, even after the launch of the Ethereum ETFs that were supposed to trigger a bull run. Down 30% since the launch of the ETFs, there has been more outflow than inflow thanks to the Grayscale Ethereum drainage. However, with momentum getting behind a Trump win, ETH finally seems to be catching a bid, and we should see a price surge into the new year.
Chainlink losing out to new crypto tokens with better ROI potential
Chainlink has long been a leader in decentralized oracle solutions, but the last 12 months have seen a slowdown in both adoption and the LINK price. Some argue this is down to new crypto tokens with high-growth potential attracting investor attention, but with the price up 6% this year, it seems like only a Trump win could give it a short-term boost, along with the rest of the market.
Conclusion
Whoever wins the US election, crypto is going to run bullish. Institutional demand is strong for utility tokens, and Ethereum and new crypto Lunex are likely going to rip. As for Chainlink, the bull market might come to its rescue, but it isn’t a long-term hold.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
