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Cryptocurrency News Articles
TRON Whales Regain Interest in the Token as Lunex Network (LNEX) Presale Raises $1.2 Million
Oct 26, 2024 at 03:15 pm
BNB Chain has recently added a variety of new projects to its ecosystem. With these new additions, BNB now hosts DeFi, AI, decentralized social
BNB has failed to gain any significant momentum despite adding new projects to its ecosystem. The token’s price action saw a slight decrease over the last week, and investors are now pessimistic about BNB’s future performance in 2023. Meanwhile, TRON whales are showing renewed interest in TRX, and its large transactions have increased by 196%. With over 90% of TRON holders being profitable, the token is expected to make another bullish push in the coming weeks. On the other hand, Lunex Network is continuing its presale, and it has already managed to raise over $1.2 million.
BNB Fails To Impress Despite New Projects Joining The Chain
BNB Chain has been adding new projects left and right to its ecosystem. With these additions, BNB now hosts DeFi, AI, decentralized social, and Web3 gaming projects on its chain. Typically, such developments trigger buying sprees from investors who are looking to get early access to the best projects in the market. However, BNB’s price action hasn’t made any significant movements over the last seven days.
BNB is currently trading at $584.38, following an intra-day decrease of 2.07%. The token’s volume has also decreased by 7.79% over the last 24 hours, suggesting a decline in investor interest.
A look at BNB’s Momentum Indicator also shows bearish力がupper hand, hinting at a possible decrease in BNB’s price over the next few days. If that happens, BNB could drop to as low as $552.6, according to the BNB price prediction for October.
TRX Large Transactions Increase By 196%, Bullish Outlook For Q4’s Bull Market
TRON whales are regaining interest in the token, as TRON’s large transactions have increased by 196% over the last 24 hours. This suggests that TRON whales are making large purchases of the token, which could indicate their bullish outlook on TRON’s price movements in the coming weeks.
With more than 90% of TRON holders currently in the profit zone, TRON’s strong community backing could trigger more price surges in the upcoming weeks. TRON is currently trading at $0.1602, following a slight intra-day increase of 0.25%.
A look at the TRX/USDT daily chart also shows that TRON is trading above all of its Simple Moving Averages. If that bullish momentum continues to build up, analysts expect TRON’s MACD line to form a bullish crossover with the signal line in the next few days.
If that crossover happens, TRON could test the critical $0.165 resistance soon. If buyers manage to push TRON past that price level, the token could rally to the next resistance zone at $0.17 within the week.
Lunex Network Poised To Challenge Crypto Top 10 By 2025 With Cross-Chain DEX
Ever since its presale launch, Lunex Network has been gaining a lot of traction, and it is all for good reason. With a new DeFi exchange that offers cross-chain interoperability at low costs, traders are already jumping ship to the new network ahead of its official launch.
If demand for Lunex Network continues to skyrocket at this pace, analysts are projecting a massive 100x rally for the LNEX utility token in 2025. Lunex Network’s cross-chain trading feature means investors no longer need to rely on unsafe third-party wallets to exchange tokens across different blockchains.
On Lunex Network, traders can register using an email address, select any two tokens to swap, and enter their recipient wallet address to get their new tokens within the next few minutes.
Since Lunex Network has no KYC checks on its signup process, traders can maintain their anonymity while they make transactions. Lunex Network is also committed to offering gold-standard security through its integration of smart contracts.
Aside from sourcing liquidity from multiple blockchains to offer the lowest gas fees in the market, Lunex Network’s smart contracts also let traders track their transactions in the most transparent way possible.
Even with these impressive features, Lunex Network’s presale stage 4 tokens are still selling for a low price of only $0.0017 each. As Lunex Network gains dominance in the DeFi exchange space, analysts are already tipping at 1800% returns for LNEX holders by the end of the token’s presale stages.
If this bullish upswing continues, Lunex Network could easily challenge the gains of both BNB and TRON in 2025 and make a place for itself amongst the Top 10 cryptos by market cap.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Soci
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