With October expected to be bullish, the crypto market has experienced heavy selling pressure over the past 24 hours, with many altcoins falling below key support levels. Ethereum (ETH) is under intense selling pressure from whales, falling below $2,500, and Solana (SOL) is battling key support zones.
However, Lunex Network is a new DeFi cryptocurrency exchange that is looking to dominate the market. New exchanges offering cross-chain asset transfers without KYC are considered direct competitors to existing exchanges. Currently on pre-sale Massive predictions by analysts 40 times Gathered in the 4th quarter. Let's see below what caused such a prediction.
Lunex Network’s non-custodial DeFi cryptocurrency exchange attracts investors
With asset security issues at the top of the list of issues that arise in DeFi, Lunex Network is developing a next-generation Web3 DeFi crypto exchange that solves many of the issues that arise with centralized exchanges. Lunex Network's non-custodial wallet allows users to buy, sell, and exchange cryptocurrencies all from one application.
In particular, there is no need for KYC checks or connection to a wallet such as Trust Wallet. The Lunex network is designed to enable easy cryptocurrency trading and cross-chain asset exchange, thereby solving the problems of slow transactions and high gas fees. Notably, Lunex Network also offers a portfolio tractor that allows users to track multiple assets such as cryptocurrencies, stocks, and bonds.
One of the attractive features is the staking model, which is designed to allow users to stake their tokens and earn up to $200. 18% With APY rewards. Other than that, the ecosystem allows for multi-currency staking. This means users can stake cryptocurrencies like Ethereum and Solana and earn rewards. To encourage community engagement, the platform has also introduced a profit-sharing model that rewards LNEX holders.
These and other factors further increase the potential of this token. With the first pre-sale stage sold out within 72 hours, Lunex Network is currently in pre-sale stage 2, with LNEX tokens selling for just $0.0013. Prominent analysts are backing this token and aiming for a hit due to high growth potential 40 times By the end of the year. Therefore, now is the best time to accumulate tokens.
Ethereum price analysis — analysts’ projects fall further
The popular Ethereum altcoin could fall further into a bear market due to negative news regarding Ethereum in recent days. According to look on chainan on-chain market tracker, Ethereum ICO participants sold an additional 19,000 ETH ($47.54 million) in the past two days. This has led to an increasing number of whales dumping altcoins in recent weeks.
What's more, the Ethereum ETF's performance in recent days has been alarming and negative. net inflow -14,675 (—$36.07) as investor confidence in the Ethereum coin declines. coin market cap the data shows that ethereum price It is below the $2,500 support zone and could see further declines in the near future.
overall Ethereum market sentiment reflected in technical analysis. According to statistics from trading viewEthereum is trading below its 50-day EMA and major market indicators are showing negative signs. crypto analyst month We believe that Ethereum could fall further to $2,150 if the current support is lost. Therefore, investors are moving towards trending Lunex Network projects.
Solana DEX volume increases as SOL tokens decrease
According to data from DefiliamaSolanas DEX trading volume continues to increase even though the market is fighting a bearish trend. Over the past few days, the volume has increased to about $1.5 billion, at one point surpassing Ethereum's volume. solana network Although the token is known for its low fees and fast transaction processing speed, it continues to struggle.
coin market cap the data shows that solana price The price fell below the major support zone at $140. What's even more worrying is Solana trading volume It has been steadily decreasing over the past day. Taking a closer look at the technical analysis, we see that the moving average (MA) is showing a sell signal at an RSI of 47, indicating sell momentum.
However, while Solana market sentiment remains bearish; coin codex remain bullish with Solana price prediction In the short term, it is $156.54. For Solana to achieve that, it will need to maintain support at the $140 level. However, with the current outlook, holders are considering other promising projects like the LNEX token.
Which Cryptocurrency Should You Buy During a Drop?
Solana and Ethereum both look promising in the long term. However, short-term returns may not be guaranteed due to bearish market conditions. However, in the case of Lunex Network, there is a high potential for significant ROI in the short period of time before going public.
Learn more about Lunex Network (LNEX) here.
Website: https://lunexnetwork.com
Social: https://linktr.ee/lunexnetwork
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