Bitcoin is currently at odds with a crucial resistance level that has to be flipped for bullish momentum to return. Meanwhile, Ethereum bulls are regrouping to push the price higher but Ethereum’s momentum seems to be fizzling out and analysts anticipate further breakdowns.
As these two crypto giants battle it out, a new contender in the DEX space is making waves with its cutting-edge platform. Find out why experts believe Lunex could be the next mind-bending 10,000% moonshot.
Bitcoin Must Hold This Level At All Costs
Bitcoin is currently selling for $63k with a 6.3% daily surge. After a few weeks of ranging below $60k, Bitcoin finally flipped the trend. However, the turbulence is far from over, as Bitcoin’s selling pressure is the most intense at its peak. Over the last 24 hours, a short-seller onslaught ensued with $71 million in Bitcoin liquidations. Bitcoin volume is also seeing a significant 31% increase, with $50 billion traded.
Meanwhile, Germany’s second-largest bank, Commerzbank, announced the launch of BTC and ETH transactions for institutional clients. This kind of news will become increasingly common in the upcoming years as crypto adoption continues to rise, spearheaded by Bitcoin.
Ethereum Reclaims Key Resistance, But For How Long?
Ethereum is currently priced at $2,430 with a 6.2% intraday increase. Ethereum has been battling the $2,400 resistance level for the past few weeks. However, analysts believe it’s still too early to celebrate victory, as volatility is reaching critical levels.
An Ethereum ICO whale has awakened after long years of slumber and has moved 10,000 ETH to Kraken, worth approximately $24.3 million. This has sparked fears of an impending sell-off that could tank Ethereum’s price just when it started showing signs of life again. Ethereum is still moving below the 50-day and the 200-day moving averages, meaning that mid to long-term projections are still bearish.
Lunex Is Leading The DEX Revolution
Centralized exchanges could become obsolete soon, as advancements in DEX’s are opening new opportunities for investors while safeguarding the world’s number one commodity: personal data.
Groundbreaking DeFi exchange Lunex could significantly disrupt the exchange industry with its innovative framework that merges isolated blockchains such as TRON and Solana and allows for instantaneous swaps between them. While using the platform, users will have the opportunity to trade between 50,000 different assets.
All this will be done anonymously, as no KYC or third-party wallet is required. Individuals can just input the ticker they want to swap, insert the receiving address, and hit confirm. It’s a frictionless and intuitive experience that doesn’t require jumping through hoops or jeopardizing sensitive data.
Moreover, users will have access to an exclusive DeFi wallet and a portfolio tracker for efficient asset management. Users who want to take their trading to the next level can subscribe to the Lunex Pro service and use refined trading tools.
Institutional clients aren’t left behind either, as Lunex offers a tailored interoperability blockchain bridge acting as a B2B payment gateway. It allows businesses to receive crypto payments and have them instantly swapped into fiat money at the lowest rate possible.
If this weren’t enough, Lunex has a novel revenue-sharing mechanism where it will distribute a portion of the platform’s weekly profits to holders of the $LNEX token for up to 18% APY.
Stage 1 of the presale is now live, and $LNEX is priced at just $0.0012 per token. By the end of the event, an 18x surge is expected. Post-launch, experts believe that $LNEX could experience a 100x rally when the bull market is in full swing!
Discover the Exciting Opportunities of the Lunex (LNEX) Presale Today!
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork