GameFi Continues To Soar As Decentraland, Gala And LNEX See Huge Returns

Crypto gaming is a narrative that has been missing from the broader market, as all attention was focused on majors and memecoins. However, it seems like the niche is heading toward a massive comeback, with projects like Decentraland (MANA) and Gala (GALA) gaining significant traction.

Meanwhile, Lunex Network continues to make waves in the DeFi space. This newcomer sets itself apart from the competition with its unique framework that boasts cross-chain capabilities and a wide array of trader perks.

Decentraland Consolidates After Triple-Digit Monthly Surge

Decentraland (MANA) was one of the hottest crypto gaming gems in the 2021 run, however during the bear market, it fell to the wayside as attention shifted. This is changing quickly, as over the last month alone, interest in crypto gaming has skyrocketed as reflected by the steep increase in active Decentraland addresses. 

In late November, Decentraland had 810 active addresses, just a few days later, this number was above 4,000. As a result, Decentraland experienced a 139% surge that saw it reach a local peak of $0.83. Right now, Decentraland sells for $0.74 following a slight 2% daily decrease, however, the price structure remains intact, hinting at a potential breakout in the upcoming weeks.

Another Leg Up Incoming For Gala?

Gala (GALA) took the spotlight as it rallied by nearly 200% in a matter of weeks. After retracing from the $0.065 high, Gala entered a reaccumulation phase as buyers are scooping up the dip. Currently, Gala is trading at $0.61 with a 3% 24-hour increase. The 46% increase in daily volume reflects growing investor interest, with roughly $547 million worth of GALA traded on exchanges.

Analyst Block Bull has shared a chart reading that shows Gala confirming a bullish breakout from a triangle formation. As pressure builds up, Gala could soon rally once again, vastly outshining its previous performance. The next big target is the $0.08 resistance, once this level is flipped into support, Gala will have clear skies ahead and establish a new yearly peak.

Lunex Network Could Redefine Decentralized Exchanges

Lunex Network could make established exchanges obsolete with its revolutionary platform. This is a next-gen protocol that unites isolated blockchains in one place allowing for near-instantaneous swaps across 50,000 assets.

To encourage long-term holding and rally a motivated community around its banner, Lunex Network introduces a passive income model to holders of the $LNEX token. They will receive recurring staking rewards for up to 18% APY. To ensure the long-term sustainability of the model, the exchange will redirect a portion of its weekly earnings and perform open market buybacks of its native $LNEX token. A portion of these tokens will be redistributed as staking rewards, while the remaining amount will be burned, ensuring stability and healthy price action. 

To provide an unmatched trading experience, Lunex Network will provide a series of special features and perks. A portfolio tracker app will allow users to monitor their positions across different asset classes. A premium subscription service, Lunex Pro will grant access to advanced trading tools including cashback bonuses. An all-in-one DeFi wallet will let investors store, buy, swap, and stake crypto while providing state-of-the-art encryption.

Businesses are also catered to, as Lunex Network offers a novel B2B payment gateway API. This means that enterprises will be able to accept cryptocurrencies as payment and swap them instantly into fiat money. This feature alone could see Lunex Network gain massive adoption as a business-oriented solution.

Over $4.6 million has been raised in the ongoing presale and demand is growing rapidly. $LNEX tokens are priced at just $0.0038 but several price increases are expected in the upcoming weeks, meaning that there has never been a better time to get involved. 

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork