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Cryptocurrency News Articles
Top 3 Crypto Tokens That Could Lead The Bull Run: Notcoin, Lunex And Shiba Inu
Oct 08, 2024 at 06:00 pm
Bitcoin led a mini bull run in September, surging from $52k to $66k before bears appeared. Despite the selloff, BTC holds well above the $60k support level.
Bitcoin led a mini bull run in September, surging from $52K to $66K before bears took over. Despite the selloff, BTC is still trading well above the crucial $60K support level.
If Bitcoin manages to rotate back up from here, several promising cryptos could lead the bull run. NOT and SHIB are expected to show modest gains, but the new DEX protocol Lunex Network (LNEX) is showing great potential. Here's why analysts are predicting a 1,800% rally for LNEX.
Notcoin hype fizzles out
Notcoin (NOT) is the in-game currency of a new Telegram game on the TON network. It gives users a low-risk entry point into the crypto world by allowing them to mine NOT tokens through its tap-to-earn game.
The game became an instant hit thanks to its simplicity and Telegram's massive user base, attracting over 35 million users at its peak. This wild enthusiasm drove the Notcoin price to $0.037 on the launch day, a 4,600% increase from its launch price of $0.000779.
However, it seems like the mania surrounding Notcoin is dying down. At $0.0075, NOT has shed almost 80% of its value from its ATH. Trading lower, NOT is unlikely to lead the bull run if presale investors continue their profit-taking spree.
Shiba Inu bounces off a key monthly support
SHIB fell to a monthly support in August when it crashed to the $0.00001078 zone. Whales started building their positions at the dip, and SHIB has been rocketing throughout September.
Several other factors, like activity on the Shibarium L2 network, a surging burn rate, and the recent announcement of the SHI stablecoin, have also been adding to the SHIB rally.
Even after the Oct. 1 crypto sell-off, SHIB was still up a whooping 20% month-to-date.
That said, SHIB has underperformed in the recent bull cycle, and investors are worried that it might lag in the upcoming bull run. Whales have even begun locking their September gains, driving the SHIB price down.
Lunex (LNEX) to lead the bull run with a 1,800% price increase
The Lunex network is a new multi-chain DeFi protocol on Ethereum that has caught the attention of crypto traders, investors, and liquidity providers with its fast, low-cost DEX platform.
Boasting an innovative cross-chain bridge and a noncustodial wallet, this DeFi swapping dApp aims to solve cross-chain interoperability with an aggregated Web3 platform and is quickly gaining steam in the presale.
Crypto enthusiasts can effortlessly swap thousands of multichain currency pairs across 40+ blockchains on the Lunex Network decentralized exchange. This ensures incredible transaction speeds at low costs when moving assets or sharing data across blockchains.
Moreover, the LNEX token offers an incredible 18% APY passive income deal to investors through its revenue-sharing model and staking program. Presale staking rewards will be paid from 4% of the total token supply. Once launched, a share of the revenue accrued on the Lunex DEX platform will be redistributed to token holders.
LNEX tokens are currently selling for $0.0013 in stage 2, and analysts are predicting a 1,800% price increase before the ICO rolls around.
You can find more information about Lunex Network (LNEX) here:
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