|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Lunex Network (LNEX) Attracts UNI and BNB Investors with Revenue-Sharing Model
Sep 28, 2024 at 05:00 pm
BNB and Uniswap experienced small rallies after last week's interest rate cut, but those gains have already been reversed as these tokens head into bearish territory.
BNB and UNI experienced a brief uptick in the wake of last week’s interest rate cut by the Federal Reserve. However, gains made by both tokens have already been reversed as BNB heads into bearish territory. Meanwhile, a new decentralized exchange is set to dethrone both UNI and BNB with its cross-chain interoperability and potential for a 1,800% rally. Here’s a closer look at BNB, UNI, and the new decentralized exchange that’s attracting both UNI and BNB investors.
BNB Founder Set to Be Released from Jail as Investors Lose Interest in Token
BNB’s founder, Changpeng Zhao (CZ), is set to be released from jail on 29th September after serving a four-month sentence for anti-money laundering violations. During CZ’s time in jail, BNB has faced several challenges in maintaining its market position.
Despite experiencing a 10% uptick in the last seven days, BNB is now returning to bearish territory. In the last 24 hours, BNB’s trading volume has decreased by nearly 15%, sparking concerns over a decrease in investor interest right before CZ gets released.
BNB is currently trading for $598.25 after a 0.78% intra-day decline. If BNB fails to breach the critical $600 resistance, the BNB price is expected to experience steeper declines in the future.
Currently, BNB’s technical indicators like the CCI and Momentum Indicator are flashing sell signals, indicating that BNB’s price is likely to drop to the $424.9 support in upcoming weeks.
UNI Faces Bearish Market in Q4 as Fee Switch Vote Gets Delayed Again
Despite being a major player in the decentralized exchange market with a 46.79% market share, UNI recently faced a significant 7% price drop after a delay in its “fee switch” vote.
This vote would’ve allowed UNI holders to have a share in the platform’s revenue, but its delay is causing investors to lose interest. Currently, UNI is trading at $6.90 after a minor intra-day surge of 1%.
Since UNI is still trading below its 100-day and 200-day Simple Moving Averages, the bearish sentiment is expected to continue into Q4.
As UNI’s RSI quickly approaches the overbought zone, the UNI price is unlikely to breach the critical $7 resistance any time soon. If buying pressure drops further, UNI could plunge to the $4.679 support in upcoming weeks.
Lunex Network Attracts UNI and BNB Investors with Revenue-Sharing Model
While BNB and Uniswap are struggling with market forces, a new exchange-based token is here to dominate the decentralized exchange market.
By launching a DeFi protocol that allows traders to swap cryptos across multiple blockchains, Lunex Network is officially kicking off a new era of crypto trading.
As the Lunex Network presale gains traction, analysts expect the platform’s native $LNEX token to experience a massive 1,800% rally ahead of its official launch.
Here’s why Lunex Network is already attracting both UNI and BNB investors.
No-KYC Policy and Revolutionary Mobile Exchange
The reason why Lunex Network immediately turned bullish is its attractive no-KYC policy and commitment to user experience.
By removing cumbersome KYC verifications from its platform, Lunex Network is bringing simplicity, transparency, and trust back to the decentralized exchange market.
Instead of relying on third-party wallets like MetaMask or TrustWallet that compromise security, traders can now use Lunex Network’s revolutionary mobile exchange that processes all transactions through Ethereum’s immutable blockchain network.
Revenue-Sharing Model Gives Investors a Passive Income Stream
Aside from security and cross-chain functionality, Lunex Network also gives its investors a passive income stream through the revenue-sharing model.
By reinvesting its revenue into open market buybacks of LNEX, Lunex Network gives back to its investors by distributing staking rewards with up to 18% APY.
If that wasn’t enough, then Lunex Network also allows traders to add more tokens to their staking pool without losing their current APY.
Viral Presale Offers $LNEX Tokens at Only $0.0012
Since Lunex Network is committed to breaking barriers to entry, the platform has launched its viral presale at a low price of only $0.0012 per token.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- The Royal Mint reveals its top ten rarest 50 pence coins currently in circulation
- Sep 28, 2024 at 06:25 pm
- The 50 pence piece has become the most valued and collected coin in the UK, with many collectable designs appearing on its heptagonal canvas.
-
- BlackRock (IBIT) Bitcoin ETF (BTC) Leads the Spot Bitcoin ETF Market
- Sep 28, 2024 at 06:25 pm
- BlackRock (IBIT) Bitcoin ETF (BTC) is at the forefront of the spot BTC ETF market. It boasts cumulative net inflows reaching $21.42 billion as of September 27.
-
- Blum Crypto Offers Daily Opportunities for Telegram Users to Engage and Earn Rewards
- Sep 28, 2024 at 06:25 pm
- This guide provides all the details you need to participate effectively, from securing your crypto assets to exploring new features within the app.
-
- FTX's $16B Repayment To Crypto Traders Could Trigger Massive Buying Pressure
- Sep 28, 2024 at 06:25 pm
- The District of Delaware's Chapter 11 decision on October 7 is key for repayments. Reinvestment of FTX funds into Bitcoin and Altcoin may drive market growth.
-
- As the presale progresses, it is anticipated that Rollblock will surge over 800% in Q4. Here’s why analysts are bullish.
- Sep 28, 2024 at 06:25 pm
- Vast Entertainment Options Set Rollblock Apart In A $465B Competitive Industry
-
- Hamster Kombat (HMSTR) Game Launches Airdrop and Debuts on Major Crypto Exchanges
- Sep 28, 2024 at 06:25 pm
- Telegram game Hamster Kombat has finally launched its long-awaited airdrop and started its debut on major crypto exchanges on Thursday.
-
- Mega Dice Presale Surges In FOMO Frenzy – Next Rollbit Coin?
- Sep 28, 2024 at 06:25 pm
- As the presale draws to a close, investors are making last-minute efforts to secure their $DICE tokens.
-
- Hamster Kombat (HMSTR) Price Prediction: HMSTR Aims For A Rebound
- Sep 28, 2024 at 06:25 pm
- The Hamster Kombat price surged 4% in the last 24 hours to trade at $0.006735 as of 10:44 p.m. EST on trading volume that plunged 67% to $344 million.
-
- Cheems: A New Meme Token Based on the Shiba Inu Doge Meme Figure
- Sep 28, 2024 at 06:25 pm
- As time progresses and innovation advances inside of the world of cryptocurrencies there is a new contender that's beginning to gain popularity and attract investors and meme makers.