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Cryptocurrency News Articles
Dogecoin (DOGE) Sets To Rupture 36 Billion Resistance, Experts say Lunex Ready For Bullish Breakout, What about Ethereum (ETH)?
Oct 01, 2024 at 05:00 pm
The recent bumper federal rate cut saw Bitcoin's price shoot up, hitting close to previous highs of the year. This naturally means that a bull market
As Bitcoin’s price continues to rise, thanks in part to a recent bumper federal rate cut, it appears that a bull market is on the horizon. This has led crypto analysts to predict that altcoin season may begin soon.
As a result of these positive market sentiments, several cryptocurrencies are expected to see significant price booms. Among them are Dogecoin, Ethereum, and Lunex Network, a brand new project that crypto experts believe will be the biggest beneficiary of the bull market. Here's why:
Dogecoin Sets To Rupture 36 Billion Resistance, Experts Say Lunex Ready For Bullish Breakout, What About Ethereum (ETH)?Dogecoin recently broke through the crucial $0.11 price resistance level. This used to be important for DOGE, as it was the point where 62,270 addresses held over 36 billion DOGE. It was a formidable barrier, and Dogecoin surpassing it excited the meme community.
DOGE is still trading above this price point, and analysts believe the meme token could turn this resistance level into a support level. Should this happen, it could open up the possibility for an upward price movement. Dogecoin’s potential returns in the near future are expected to be significant, but will the king of meme coins fetch investors the biggest percentage gains?
After the Bitcoin Boom, Ethereum Appreciates Marginally
After its larger rival’s meteoric rise, Ethereum, the second-most valuable cryptocurrency, has risen modestly in value. Currently, ETH trades above $2,650. It is expected to make the most of the upcoming altcoin season and appreciate significantly.
However, ETH is not expected to attract a horde of new investors. Being a blue-chip crypto asset, a lot of investors hold Ethereum already. Apart from that, it’s an already established token with loads of liquidity. It may record big price gains, but percentage-wise, Ethereum won’t fetch the crazy investment returns that most people seek.
Lunex Network: Offering the Best Experience Possible for DeFi Traders
First and foremost, Lunex is a cryptocurrency exchange. But it’s not like any exchange crypto traders are familiar with. It exists in a space between centralized and decentralized exchanges, offering the best of both worlds.
Lunex traders get the accessibility provided by DEXs and the ease of use characterized by centralized exchange without the security vulnerabilities. You can trade over 50,000 token pairs on Lunex Network, and do so anonymously since it is a non-custodial exchange. Wallet connections are only required for the transfer of assets, which keeps you away from harm and prying eyes.
Why LNEX Is the Biggest Beneficiary of the Upcoming Bull Market
During a crypto bull market, top coins like Bitcoin and Ethereum make significant price gains. But unknown projects like LNEX tend to make the biggest percentage gains.
That’s because LNEX, the presale token that powers the Lunex Network, goes for just $0.013. This is a low entry price, which the average investor can afford, so it’s going to attract a lot of attention. At this price point, there’s a lot of room for growth and the upcoming bull market will only boost its price trajectory. Dogecoin would’ve fallen into the same category but it’s an already popular token. This makes LNEX, the biggest beneficiary of the next bull market, a must-have for ambitious investors.
You can find more information about Lunex Network (LNEX) here:
Website – Socials
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