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1 month ago
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ARTICLE AD BOX
Dogecoin is on a bullish rally, but fears of overvaluation and low transaction volumes could make this dog-based token fall back into bearish territory. Meanwhile, TRON just cut transaction fees by 50% in an attempt to enhance user engagement. Despite these changes in the market, the most attractive token right now is still Lunex’s next-generation multi-chain bridge network, which offers enhanced scalability, interoperability, and security.
Dogecoin (DOGE) Might be Overvalued
Dogecoin is currently encountering bullish pressure as investors bought more than $5.2 billion worth of Dogecoin tokens between the $0.104 and $0.137 range. However, Dogecoin is facing significant resistance at $0.108. Although Dogecoin may breach this resistance soon, short holders are likely to sell at the first sign of profits, sending Dogecoin’s price down a spiral as selling pressure picks up.
Dogecoin is trading at $0.1047 after an intra-day surge of 4.25%. Dogecoin’s Network Value to Transactions (NVT) ratio also suggests that Dogecoin may be overvalued at the current value, hinting at a potential correction in the upcoming weeks.
TRON (TRX) Cuts Transaction Fees in Half
TRON’s price declined 2.37% over the last seven days but is expected to rise just in time for the Q4 bull run. Today, TRON announced a massive 50% drop in its transaction fees, making TRON the most cost-efficient network in the market. With a few hours left until this new upgrade goes live, TRON is currently trading at $0.1505 after a minor 0.39% surge.
Over the last week, TRON made several advancements to improve network efficiency and user engagement. As a result, TRON’s trading volume has surged 11.57%.
Lunex (LNEX) Kicks Off a DeFi Revolution
Despite Dogecoin and TRON’s recent rallies, the most hyped token in the market is still Lunex (LNEX). Introducing a multi-chain bridge network, Lunex is revolutionizing the world of decentralized finance. On Lunex, traders can instantly swap more than 50,000 cryptocurrencies across multiple blockchains without worrying about exchange fees or cumbersome KYC checks.
The best part about Lunex is that its DeFi exchange is completely anonymous and decentralized. Users don’t need to provide any personal information or connect third-party wallets like MetaMask or Trust Wallet to make a trade. Instead, they can simply select the currency pair they wish to exchange, input a receiving wallet address, and the transaction is processed within seconds with extremely low fees.
Lunex is rapidly attracting investors not just with its simplicity, but also for massive potential rewards. Lunex holders can stake their LNEX tokens and earn up to 18% APY since Lunex redistributes a portion of its exchange revenue back to the community.
As well as the multi-chain bridge network, Lunex Network has a whole host of products within its armoury including their own DeFi wallet, Portfolio Tracker and Crypto to Fiat Debit Cards that includes a B2B Merchant Service. A huge move that will push real-world business adoption into the crypto space.
With a presale price of $0.0012 and an expected 18x return before launch, investors are already racing to add $LNEX to their portfolios before the price surges. With momentum already scaling, there’s never been a more advantageous time for investors to get involved.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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