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Cryptocurrency News Articles

Dogecoin (DOGE) to Record Jaw-Dropping Rally on Trump's Inauguration Day

Jan 16, 2025 at 01:37 pm

Lunex Network's cross-chain trading platform is turning heads in Q1 of 2025. The platform's robust fundamentals have already triggered massive adoption

Dogecoin (DOGE) to Record Jaw-Dropping Rally on Trump's Inauguration Day

Dogecoin (DOGE) is currently showing signs of weakness, trading in the red zone with an 18.03% loss over the past month. At press time, DOGE was trading at $0.3271 after an intraday decrease of 3.81%. The memecoin’s sell pressure is evident, as indicated by the negative MACD level, which needs to turn positive for a massive resurgence.

However, analysts are optimistic about a significant rally on Trump’s inauguration day, considering Dogecoin’s 1100% jump within a week after Biden's inauguration in 2021. If this pattern repeats, DOGE could skyrocket with a 1107% rally before January’s end.

BNB (BNB) price has been steadily declining since last Thursday, facing strong downward pressure. This bearish trend is further supported by the negative token Open Interest-weighted funding rate, indicating that more traders are betting on a continuing BNB price decrease. Additionally, the negative MACD level reflects seller dominance in the market.

BNB was trading at $678.27 with a 2.35% intraday decrease and a 44.19% increase in volume during the last 24 hours. As BNB is trading below its 100-EMA and 200-EMA levels, analysts expect the token to crash toward the S1 support at $614.7 soon.

Despite its fundamentals, Avalanche (AVAX) is falling deeper into the red zone, showing a 32.59% price decrease over the past 30 days. Investors expected AVAX to lead the market in 2025, especially after the introduction of the Avalanche9000 update. Despite key features like the decentralized web framework and asset tokenization, bearish sentiment persists.

Avalanche was currently priced at $34.58 after another intraday decrease of 7.37%. In response to the sell pressure, Avalanche recently repurchased 1.97 million AVAX tokens that were sold to the Luna Foundation Guard, increasing the token's supply on the open market. As indicated by the falling RSI and negative MACD Level, analysts expect the token's price to fall to the S1 level at $27.51 soon.

In other news, the viral presale of Lunex (LNEX) Network is making waves in Q1 of 2025. The platform's cross-chain trading capabilities have led to early investors enjoying up to 366% gains, and considering the high demand for Lunex Network in the DeFi space, analysts are expecting the native $LNEX token to hit $1 by the end of its presale stages.

Lunex Network is creating an interconnected ecosystem that bridges isolated blockchains, enabling traders to access over 50,000 crypto pairs across different chains with high speeds and low costs. Unlike other exchanges, Lunex Network boasts a no KYC policy and removes the need to connect third-party wallets for cross-chain transfers, enhancing user privacy and security.

Most importantly, Lunex Network's B2B payment gateway API helps businesses accept cryptocurrency payments and convert them into fiat without additional cross-border payment costs. To add to the benefits, users can stake $LNEX for as little as 30 days and secure up to 18% APY in passive income, which can be further increased by adding more $LNEX to the staking pool without losing the initial APY rate.

For more information on Lunex (LNEX) Network:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

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Other articles published on Jan 29, 2025