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Cryptocurrency News Articles

Dogecoin May Sell Out Soon, Stellar Emerges From Crypto Depths With Explosive 210% Rally, Lunex Network Paves the Future for Crypto Trading with DeFi Trading Platform

Nov 24, 2024 at 12:52 pm

Dogecoin emerged as one of the biggest gainers during the post election rally as Trump announced his new Department of Government Efficiency or DOGE.

Dogecoin May Sell Out Soon, Stellar Emerges From Crypto Depths With Explosive 210% Rally, Lunex Network Paves the Future for Crypto Trading with DeFi Trading Platform

Cryptocurrency prices soared on Friday, with Stellar (XLM) leading the gains with an impressive 209.72% surge following the announcement of Trump's victory. Dogecoin (DOGE) also saw a significant gain of 3.48%.

After several months of sideways movement, Stellar's price بالاخره بالا رفت sharply during the post-election rally, recording a massive 209.72% increase. This surge comes as a surprise to many traders, as Stellar's price had been relatively stagnant for an extended period. However, with Trump's announcement of a new Department of Government Efficiency or "DOGE," Stellar's price بالاخره بالا رفت sharply.

As Stellar's price continues to soar, reaching new all-time highs, analysts believe Stellar's price could continue to rise before facing a potential correction. Stellar's community sentiment is extremely bullish right now, with many traders optimistic about Stellar's future prospects.

After recording a 209.72% gain over the last 30 days, Stellar is currently trading for $0.2909, with an intraday increase of 19.68%. As Stellar's price trades above all of its Simple Moving Averages on the XLM/USDT daily chart, analysts are expecting more capital to flow into Stellar over the next few weeks. If Stellar's price continues to trade strongly, the token could end up breaching the upper resistance at $0.3166 by the end of this week.

Dogecoin (DOGE) Short-Term Holders May Sell Out Soon

After Trump's announcement of a new Department of Government Efficiency or "DOGE," the cryptocurrency soared on Friday, with Dogecoin (DOGE) emerging as one of the biggest gainers during the post-election rally. During this explosive uptrend, Dogecoin recorded up to 370,000 new daily active users. However, analysts believe Dogecoin could face a massive correction due to high selling pressure from short-term holders.

As Dogecoin's price بالاخره بالا رفت sharply over the last few days, many new traders flocked to the market, purchasing Dogecoin at an average price of $0.3988. However, as Dogecoin's growth momentum cools down, and its RSI gets closer to reaching the overbought zone, analysts believe many short-term holders may decide to sell out soon. If Dogecoin faces a correction because of high selling activity, analysts believe Dogecoin's price could crash towards the $0.3048 support.

After recording a 3.48% intraday gain on Friday, Dogecoin is currently trading for $0.4033. As Dogecoin's price continues to trade within a bullish pennant on the DOGE/USDT daily chart, analysts believe the token could end up breaching the upper resistance at $0.4227 by next week.Lunex Network (LNEX) Paves the Future for Crypto Trading with DeFi Trading PlatformAfter launching a noncustodial DeFi exchange, Lunex Network is redefining the world of crypto trading. While traditional DEXs and CEXs only offer limited trading features and charge high fees, Lunex Network is changing the game by offering low-cost cross-chain interoperability. Since Lunex Network is already gaining traction during its presale stages, analysts are optimistic about the native LNEX token recording a massive 1800% rally ahead of its official launch.

Within a few weeks of its presale launch, Lunex Network has managed to raise up to $3 million because of its strong fundamentals. On Lunex Network, traders can select any two of the 50,000+ compatible cryptocurrencies and enter a recipient wallet address to process their transfer in an instant. Since Lunex Network integrates smart contracts on its ecosystem that ensure complete transparency, traders can rest assured that their funds are 100% secure.

By trading on Lunex Network, users can receive huge cashback rewards as well as exclusive discounts on the platform’s 65+ RPC nodes. To make things even better, Lunex Network also has an attractive revenue-sharing mechanism that redistributes up to 18% of the platform's revenue to current holders as staking rewards. By the end of each trading week, Lunex Network repurchases tokens on the open market and uses these to distribute staking rewards with up to 18% APYs. Since traders can also add these additional tokens to their staking pool without losing their initial APYs, Lunex Network is presenting a massive opportunity for savvy traders to make huge gains in as little as 30 days.

For a limited time only, Lunex Network is selling its LNEX tokens for a low price of just $0.0031 each. Since analysts are expecting the token to hit a new all-time high price before the end of this month, now is the perfect time to invest in

News source:bitcoinist.com

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