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1 week ago
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BNB and Ethereum are losing momentum this week as both tokens record significant downtrends. Meanwhile, traders are preferring Lunex Network’s viral DeFi exchange that offers cross-chain interoperability, premium security, and attractive staking rewards.
BNB’s (BNB) Recent Developments Fail to Trigger Buying Action
BNB has been making significant upgrades to its ecosystem by adding a variety of new projects. These projects are bringing DeFi, AI, decentralized social, meme coins, and even Web3 gaming to BNB’s diverse ecosystem. Despite these positive movements, BNB’s price has been trading in the red for most of last week.
BNB is currently trading for $583.85 after an intra-day decrease of 1.69%. BNB’s volume has decreased by 8.38% as well which indicates that investors are losing interest. Since BNB’s MACD line and Momentum Indicator are both flashing sell signals, BNB’s price could crash to the critical $552.6 pivot before the end of this month.
Ethereum (ETH) Loses Investor Interest After Rejecting Critical Support
Ethereum’s price rejected the critical $2,700 level yesterday which resulted in a sharp decline in investor interest. As Ethereum’s network activity slowed down, Ethereum’s gas fees dropped to less than $2 per transaction today. Although this gas fees drop typically triggers a bullish momentum, Ethereum’s low institutional demand will only lead to steeper declines in upcoming weeks.
Ethereum is currently trading for $2,573.74 after a minor intra-day decrease of 1.93%. Ethereum’s trading volume has also dropped by 12.51% over the last 24 hours which means investors are losing confidence. If the downward pressure continues, the Ethereum price prediction for the next few weeks is as low as $2,493.55.
Lunex Network’s (LNEX) Ethereum-backed Exchange Steals the Show in Q4
Lunex Network is experiencing one of the most explosive presales in all of crypto history. Within a few weeks’ time, Lunex Network has proven its potential by raising more than $1.2 million in presale. Since analysts are expecting this bullish momentum to continue throughout the next few months, Lunex Network’s native LNEX token could experience a massive 1,800% price surge by the end of its presale stages.
Since Lunex Network is completely backed on Ethereum’s immutable blockchain, traders can enjoy high-end security whilst making cross-chain trades. On Lunex Network, traders can swap any two cryptocurrencies across 40,000+ different blockchains due to the platform’s multi-chain interoperability. To make things even better, Lunex Network has no KYC requirements on its desktop and mobile app which makes it much easier for new traders to sign up on this DeFi exchange.
Lunex Network’s revenue-sharing program is also attracting a huge number of investors. Every week, Lunex Network reinvests a chunk of its revenue into open market buybacks of the native LNEX token. While these tokens are used to distribute staking rewards with up to 18% APY, Lunex Network’s demand is also expected to rise continuously. Since Lunex Network’s supply is capped at 8 billion tokens, LNEX’s price trend is expected to remain highly deflationary due to these impressive tokenomics.
Considering Lunex Network’s massive 100x potential, it is no surprise that LNEX’s price has already rallied by more than 40% from its initial presale stage. If this explosive trend continues in the next few days, analysts are anticipating LNEX to record a new all-time high before the end of this month.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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