Ethereum and TRON are both facing significant selling pressure after experiencing a steep price consolidation over the past few days. However, Lunex Network is still on an explosive trend as the token reached a new all-time high in stage 3 of its presale.
Ethereum (ETH) Fails to Regain Investor Confidence
Ethereum’s price was trading in the red zone throughout the previous week as the token’s price faced a consolidation. This week, Ethereum’s community sentiment has turned 66% bearish as long-term Ethereum holders start liquidating their assets. Ethereum’s volume has increased by 73.57% over the last 24 hours which is typically considered a sell-off signal.
Ethereum is currently trading for $2,534.71 after a 3.05% intraday increase. Although Ethereum’s Momentum Indicator is suggesting bullish dominance, Ethereum still hasn’t breached its critical 100-day and 200-day Simple Moving Averages. If Ethereum fails to regain investor confidence soon, analysts believe Ethereum could lose its position as the 2nd largest crypto by market cap in upcoming weeks.
TRON (TRX) Holders Maintain Short Positions Despite Deflationary Strategy
TRON’s massive deflationary strategy is still going strong as the network removes more than 10M TRON tokens from circulation. Over the past year, TRON’s circulating supply has decreased by 2.41B, making TRON’s deflationary rate as high as -2.93%. Despite this strategy to increase the token’s value, a majority of TRON holders still have short positions as they anticipate more price volatility in upcoming weeks.
TRON is currently trading for $0.1597 after an intra-day decrease of 1.84%. Since TRON’s volume has increased by 52.46% over the last 24 hours, analysts believe some TRON holders are selling out now. If TRON fails to regain investor interest, the token’s price could fall to the $0.1490 support soon.
Lunex Network (LNEX) Early Investors to Receive 1800% Returns
Lunex Network’s new exchange-based token is emerging as one of the hottest ICOs of the year due to its unique features, integration of the latest Web3 technology, and top-tier security. While Ethereum and TRON struggle to attract investors, Lunex Network is seeing a huge influx of new investments as the platform has already raised more than 800,000 USDT in record time. If this explosive trend continues in Q4, analysts are already tipping at massive 1800% returns for LNEX holders by the end of its presale.
The reason why Lunex Network is becoming an overnight sensation in the crypto world is the platform’s cross-chain trading feature. Unlike traditional DEXs and CEXs, Lunex Network is launching a new non-custodial exchange that allows traders to swap and exchange tokens across different blockchain networks with no additional fee. To make things even better, Lunex Network also prioritizes user security with its no-KYC policy and smart contracts integration.
Although some crypto exchanges currently offer cross-chain interoperability, they typically come with extremely high fees, unreliable security, and slow transaction speeds. Since Lunex Network has unlimited liquidity, traders can exchange thousands of tokens with tight spreads, zero slippage, and fast execution.
If that wasn’t enough, then Lunex Network also offers exclusive features like 65+ RPC nodes for Web3 developers to build dApps across different blockchains. Even retail investors can make use of Lunex Network’s real-world adoption by integrating the platform’s merchant payment gateway on their websites to accept cryptos as a form of payment from customers across the globe.
Given Lunex Network’s utility and scalability, the current selling price of $0.0015 is a massive steal. As Lunex Network gains momentum in the DeFi market, analysts believe this new token could surpass both ETH and TRX by 2025.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork