Polygon is facing significant selling pressure after recording losses for the last 30 days. Meanwhile, savvy Solana traders are switching to Lunex Network’s presale which is already poised for 1800% returns before its official launch on the open market.
Solana (SOL) Faces Risk of Downfall Due to Bankrupt FTX Exchange
Solana is currently under significant selling pressure as FTX Exchange unstaked nearly $28 million worth of Solana tokens. Since these unstaked tokens will now flow to exchange wallets, Solana is expected to experience steep declines in the upcoming weeks. Solana is currently trading for $155.97 after an intra-day increase of 1.82%.
Solana’s volume has also increased by 29.77% over the last 24 hours which typically indicates a rise in circulating supply. Since Solana’s Momentum Indicator is already hinting at a bearish trend, Solana’s price is expected to fall to the critical $144.94 pivot soon.
Polygon (POL) Loses Investor Confidence
Polygon’s recent ticker switch from MATIC to POL was expected to deliver big returns, but Polygon’s price action has only registered steep declines over the last few weeks. Since Polygon’s price has been in the red zone for a majority of the last 30 days, Polygon investors are now ready to book profits.
Polygon is currently trading for $0.3673 after an intra-day decline of 1.96%. Polygon’s volume has increased in 13.73% over the last 24 hours which typically indicates a profit-taking sentiment amongst holders. If a sell-off ensues, Polygon’s price could fall to the $0.3086 support in upcoming weeks.
Lunex Network (LNEX) Captures Whale Attention with Merchant Payment Gateway
Lunex Network has been on an explosive trend ever since its presale launch. Now that analysts are tipping at 100x gains for Lunex Network by 2025, the token is seeing a huge rise in whale accumulation. These whales are jumping to Lunex Network’s presale for several reasons, but the biggest one is the platform’s exclusive merchant payment gateway that increases the LNEX token’s real-world adoption.
By integrating Lunex Network’s payment gateway on their websites, institutional investors can start accepting digital assets as a form of payment from customers around the globe. Not only does this increase LNEX’s value, but it also opens up businesses to a new crypto-based audience.
Aside from the business perspective, Lunex Network is also getting whale attention due to its cross-chain interoperability. Since whales are known to transfer huge amounts from wallets to exchanges, they can make use of Lunex Network’s smart contracts to ensure low costs on token swaps across different blockchains. To make things even better, whales can use Lunex Network’s no-KYC policy to keep their identities a secret.
Since Lunex Network also has a revenue-share model, investors can start earning a passive income in as little as 30 days. As Lunex Network generates revenue from various sources, it reinvests a huge chunk of its profits into open market buybacks of the native LNEX token. These tokens are then used as staking rewards, and long-term holders are also rewarded with up to 18% APY.
For a limited time only, Lunex Network is selling presale tokens for a low price of only $0.0015 each. Since analysts are already projecting 1800% returns by the end of LNEX’s presale, now is the best time to invest in Lunex Network before the platform experiences explosive growth towards the $1 milestone!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork