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Cryptocurrency News Articles

LNEX, XRP, and DOGE Are the Three Bullish Tokens in November

Nov 20, 2024 at 07:52 pm

As Dogecoin and XRP continue to ride the bull wave in the market, Lunex's presale captures investors' attention after raising over $2.5 million.

LNEX, XRP, and DOGE Are the Three Bullish Tokens in November

XRP’s price has surged to a three-year high, surpassing the $1 mark and climbing to sixth place in the cryptocurrency rankings by market capitalization. This bullish momentum comes as no surprise, given XRP's strong fundamentals and growing adoption.

Meanwhile, Lunex Network (LNEX) is expected to reach $0.1 in the coming months following a 116% surge in its ongoing presale campaign. With its unique revenue share model and robust DEX platform designed to enhance coin swapping and trading, Lunex is quickly becoming the go-to platform for any investor seeking high returns and reliability in the DeFi space.

Could LNEX Price Reach $0.1 In Q4?

According to Emergen Research data, the DeFi market is set to explode, reaching $507.9 billion by 2028 and expanding at a CAGR of over 43%. By capturing even a small portion of this market, Lunex Network could experience a massive surge in value.

This is not just an ordinary exchange platform; it solves some of DeFi's biggest challenges, including liquidity and price optimization, which has grabbed investors' attention. One primary driver of trading in the Lunex Network is its aggregation protocol. This protocol will scour several exchanges for liquidity and go as far as splitting a single trade across various DEXs to ensure users get the best possible prices.

Its smart contract will verify transactions to ensure that trades are made accurately in real time. Combining the smart contract approach with information aggregation across networks has allowed Lunex users to access highly efficient trading, which is secure and optimized for best results.

Another notable feature expected to boost the token is its revenue-sharing model. Early adopters can secure as much as 18% APYs when they stake their tokens during the presale phase with a minimum staking period of 30 days.

Once the presale ends and the token is live on the open market, LNEX holders will continue generating passive income with the revenue share model. The buzz around the token is evident, as seen by the growing user base and over $2.5 million raised quickly. Analysts hint at a 5000% surge to hit the $0.1 mark in 2025. So far, LNEX is available at $0.0026. Investors have limited time to invest in the token and secure their positions ahead of a massive rally.

XRP Price Sinks To $1 Range, Whales Take Profits

XRP’s price has faced sell-off pressure after peaking at $1.26, a three-year high due to profit taking from whales. Per Whales Alert data, the decline in XRP price on November 17 is consistent with significant inflows of millions of dollars into Binance and other exchanges.

Among these inflows, a whale transferred roughly 10 million XRP tokens, approximately $113.3 million, to the Binance crypto exchange. This transfer could be part of the investor’s strategy to profit from the recent surge following its recent surge. Other large holders continue to increase their XRP holdings, which historically often leads to favorable market capitalization growth.

This has been the case for XRP as its market capitalization has risen to $65.29 billion, surpassing Dogecoin’s $54.31 billion. This underscores the coin’s milestone, breaking the psychological level around the $1 mark.

This bullish momentum for the XRP coin is seen as a positive signal as the token faces a potential resistance level at the $1.50 and $2.0 mark if the upward movement continues. If additional profit-taking occurs, there is a possibility of a price retracement if more profit-taking behavior occurs. In this case, the price of XRP will decline to find support around the $1 mark in the intermediate term.

Dogecoin Bulls Target $0.50, Is Fresh Surge On The Horizon?

Dogecoin’s price has been consolidating around the $0.30 and $0.35 range and has formed a base above the $0.350 mark. This upward movement above its resistance level has caused its value to rise above the 23.6% Fib retracement level of the downward from the $0.4342 swing high to the $0.3400 low.

Moreover, the Dogecoin token increased above its key bearish trendline but faces resistance at $0.3670 on the hourly chart. Notably, the DOGE token is now nearing the $0.3750 level and its 100-hourly simple moving average.

The meme token could witness immediate resistance on the upside around the $0.3720 level. It could face significant resistance around the $0.3880 mark or the 50% Fib retracement level of the downward move from the $0.4342 swing high to the $0.3400

News source:financefeeds.com

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