Ethereum (ETH) Loses Investor Confidence with Slow Growth, Lunex Network (LNEX) Gets Whale Attention With Non Custodial DeFi Exchange

Ethereum is losing investor interest as the token's options based probability density shows only a 10% chance of reaching $4,000 this year.

Cryptocurrency market updates for September 29th, 2023:

Ethereum's (ETH) price is unlikely to hit a major milestone before the end of Q4.

Pepe's (PEPE) price is set to record significant gains by 2025 if it manages to attract new investors.

Lunex Network's (LNEX) non-custodial DeFi exchange has already raised $2.6 million in presale.

Ethereum Loses Charm, Pepe Consolides, Lunex Network Grabs Crypto Whales

Ethereum’s options based probability density is showing only a 10% chance of reaching $4,000 this year, which is making investors lose interest in the token. Since Ethereum's growth is very slow compared to Bitcoin's rapid surge, those holding the token might start selling their holdings soon. Currently, Ethereum's price is at $3,115.77 after an intraday surge of 0.54%.

Ethereum's volume has increased by a significant 29.59% over the last 24 hours, which could be suggesting selling pressure. Moreover, analysts believe that Ethereum's community sentiment will turn negative soon, as the token's Momentum Indicator is already indicating bearish dominance. If Ethereum experiences a sell off, the token's price might crash to the critical $2,530 pivot.

Pepe's price recorded a drastic 58.16% surge over the last seven days as investors showed renewed interest in the meme coin sector. Despite this big jump, Pepe is now facing a consolidation as some shortholders begin to book profits. To maintain the upward momentum, Pepe needs to expand its user base and community size within the next few weeks.

Pepe's price is currently at $0.00002036 after an intraday decrease of 2.62%. While some analysts believe that this is only a local dip, others think that Pepe is falling behind in the meme coin space. As Pepe's RSI has already entered the overbought zone, market experts suggest that Pepe's price is likely to find a bottom at the $0.00001271 support.

Lunex Network’s non-custodial DeFi exchange is making waves in the market as it prepares to dominate the huge DEXs and CEXs market. While other crypto presales typically focus on smaller segments of the market, Lunex Network is targeting the gigantic exchange sector that already generates up to $275 trillion every 24 hours. Since Lunex Network has already attracted significant investor attention and has raised over $2.6 million in presale, analysts believe this new DeFi project could become the leading exchange platform by 2025.

The reason why Lunex Network is outshining existing DeFi exchanges is the integration of the latest technology. By bringing smart contracts to the world of crypto trading, Lunex Network is giving traders fast, secure and non custodial cross-chain transfers. To make things even better, Lunex Network has no KYC checks during its signup process. This means new traders can register with a valid email address, select any two of the 50,000+ compatible cryptocurrencies, and enter a recipient wallet address.

Since Lunex Network also uses smart contracts to split trades and source liquidity from several sources, traders can enjoy the lowest possible cost on every transaction. To make things even better, Lunex Network has unlimited liquidity which means traders can exchange thousands of tokens with tight spreads and zero slippage.

Given these attractive trading benefits, Lunex Network is seeing a huge inflow of capital from crypto whales. For a limited time only, LNEX tokens are selling for a low price of just $0.0026 each before the price skyrockets towards the end of its presale.