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1 month ago
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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. Meanwhile, Lunex Network is challenging Uniswap as the next big player in the decentralized exchange market with its cross-chain interoperability and 100x potential!
BNB’s (BNB) Founder is Ready to Return but Investors Already Lost Interest
BNB’s founder, CZ, has been serving a four-month sentence for anti-money laundering violations. During his time in jail, BNB’s price action has faced several challenges in maintaining its market position. BNB experienced a 10% uptick over the last seven days, but it is quickly returning to bearish territory. In the last 24 hours, BNB’s trading volume has decreased by nearly 15%, marking a decrease in investor interest right before CZ gets released on 29th September.
BNB is currently trading for $598.25 after a 0.78% intra-day decline. If BNB fails to breach the critical $600 resistance, BNB’s price is expected to experience steeper declines in the future. For now, BNB’s technical indicators like the CCI and Momentum Indicator are flashing sell signals, which means BNB’s price is likely to drop to the $424.9 support in upcoming weeks.
Uniswap (UNI) Faces a Bearish Market in Q4
Uniswap is still a major player in the decentralized exchange market with a 46.79% market share, but it recently faced a significant 7% price drop after a delay in its “fee switch” vote. This vote would’ve allowed Uniswap holders to have a share in the platform’s revenue, but its delay is causing Uniswap investors to lose interest. For now, Uniswap is trading at $6.90 after a minor intra-day surge of 1%.
Since Uniswap is still trading below its 100-day and 200-day Simple Moving Averages, the bearish sentiment is expected to continue into Q4. As Uniswap’s RSI quickly approaches the overbought zone, Uniswap’s price is unlikely to breach the critical $7 resistance any time soon. If buying pressure drops further, Uniswap could plunge to the $4.679 support in upcoming weeks.
Lunex Network (LNEX) Attracts UNI and BNB Investors with Revenue-Sharing Model
As BNB and Uniswap struggle with market forces, Lunex Network’s 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.
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.
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.
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. Since 50% of Lunex’s limited supply is allocated to the presale, $LNEX tokens are expected to run out fast. Given Lunex’s potential to overthrow both Uniswap and BNB in upcoming months, Lunex Network is already expected to emerge as the next 100x crypto by 2025!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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