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Cryptocurrency News Articles
Bitcoin (BTC) Fails to Breach Critical Resistance, But TRON (TRX) Whales Trigger Bullish Momentum
Oct 13, 2024 at 02:30 pm
Bitcoin rejecting the $64K level once again means a bearish sentiment for the rest of the market, but TRON’s ongoing rally is expected to last
Bitcoin (BTC) price continues to falter in its attempt to breach critical resistance levels, while TRON (TRX) and Lunex Network (LNEX) experience contrasting fortunes. Despite showing promising signs of an uptick, Bitcoin’s price faltered once again on October 7.
Currently trading at $62,282.58 with an intra-day decrease of 2.79%, Bitcoin’s price is suffering due to a broader sentiment of uncertainty amongst investors. As the US Fed delays interest rate cuts and global socio-political uncertainty increases, Bitcoin’s price is expected to record more lows in upcoming weeks.
Since Bitcoin’s MACD is also flashing sell signals, Bitcoin’s price could retrace to the $60,785 pivot soon.
Meanwhile, TRON (TRX) whales are triggering bullish momentum as the network experiences a huge increase in stablecoin activity.
Currently trading at $0.1569 after an intraday increase of 0.61%, TRX is showing promising signs of a rally. As the volume has also increased by 9.28% over the last 24 hours, analysts believe the ongoing TRON rally could push the price up to $0.1611 in the upcoming weeks.
Moreover, TRON’s RSI is in neutral territory for now, suggesting that there’s still more room for growth before facing a potential reversal.
Finally, Lunex Network (LNEX) is quickly outshining established tokens like Bitcoin and TRON amidst the Q4 bull market. By launching a new exchange that enables cross-chain trading, Lunex Network is resolving the long-standing problems of slow transaction speeds, high gas fees, and even security.
Since Lunex Network offers a unique set of features that simplify the entire trading process, analysts are already tipping at massive 1800% gains for LNEX before the end of its presale.
Instead of forcing traders to settle for slow speeds and high costs, Lunex Network integrates the latest AMM and smart contracts technology to execute trades at lightning-fast speeds and minimal costs. Through this revolutionary technology, Lunex Network sources liquidity from multiple places and splits every trade across different DEXs to ensure the best price.
Even during its presale, Lunex Network is already compatible with more than 50,000 cryptos such as Ethereum, Solana, TRON, and more. Aside from attracting retail investors with this wide selection of trading options, Lunex Network is also seeing a huge influx of Web3 developers.
These developers can use any of Lunex Network’s 65+ RPC nodes to develop new dApps that can be functional across multiple blockchains, increasing the real-world adoption of Lunex Network.
The best part about investing in Lunex Network during its presale is the opportunity to receive an exclusive Black Card that allows traders to make real-world payments with their crypto assets.
Since Lunex Network’s aim is to increase the real-world adoption of cryptos, this new DeFi platform is quickly revolutionizing the entire DEXs and CEXs market with its explosive presale.
Lunex Network has already sold more than 60% of its presale stage 3 tokens as the token’s demand reaches a new high every day. Currently selling tokens for a low price of only $0.0015 each, this price isn’t expected to last long as analysts are already tipping at a massive price surge within the next few days.
Disclaimer:info@kdj.com
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- $RBLK Is the Best Crypto to Buy Now – Poised to Achieve More Than 800X ROI in the Anticipated Bull Run Happening at the End of the Q4 Period
- Oct 13, 2024 at 08:15 pm
- Elsewhere, a more stable altcoin, $RBLK, has emerged. It is poised to achieve more than 800X ROI in the anticipated bull run happening at the end
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- The FBI created a cryptocurrency company and crypto token as a bait for scammers who participate in ‘pump-and-dump’ schemes
- Oct 13, 2024 at 08:15 pm
- The tactic, which involve making fake trades to boost prices before cashing out, worked very well, with 18 people arrested for ‘widespread fraud and manipulation in the crypto currency markets’