The crypto fear and greed index is a mood ring for crypto markets, telling you if investors are panicking or living in a bubble. An old adage is to buy when everyone is selling and to sell when everyone’s buying, but following that can lead to losses, or worse, losing out. But the crypto fear and greed index can tell you which altcoins to buy now, and it is worth investigating Mantra (OM), Monero (XMR), and Lunex Network (LNEX) to understand if they are worthwhile investments.
Lunex network (LNEX): New exchange token dominates presale market
Imagine getting BNB at $0.15. After its ATH reached $792, you would have made over 5,200x on the exchange token. A dream? Not at all. It’s what BNB went for during its crypto presale. And now there’s a new exchange token on the market, Lunex Network, which is here to disrupt the crypto market with the most advanced crypto exchange yet developed.
Lunex Network has been designed from the ground up to be the perfect all-round crypto exchange. Lunex features 50,000 trading pairs in cross-chain trading, non-custodial wallets for security, and AI bots to keep the profits rolling.
Lunex Network’s presale is a great opportunity to get in while this token is still at an insanely low price.
Mantra (OM): 76 on the crypto fear and greed index
Until January, Mantra was a nothingburger. A token that’s been around since mid-2020 but never exceeded $0.05. When 2023 drew to a close, Mantra stood at two cents, a level it had for over two years. Mantra would have been a brilliant token to get yourself for Christmas last year because Mantra did not explode. It supernova’d!
Mantra went from two cents to reach an ATH of $4.61 last week and returned almost 7,000% on YTD numbers. So, is Manta on the list of altcoins to buy now? 76 on the crypto fear and greed index is a bit high, indicating that Mantra may soon be due for a sell-off.
Monero (XMR): Bullish sentiment on the crypto fear and greed index
Monero was once one of the top tokens, but is it on the list of top altcoins to buy now? Not necessarily. Monero, like Mantra, is scoring a relatively high 76 on the crypto fear and greed index. While its YTD returns are substantially lower at only 25%, one needs to ask if there is a place for Monero in the modern crypto economy.
Monero’s watchword was ‘privacy’ – if you want privacy, Monero is your token. But it turns out ‘privacy’ is not a unique proposition in crypto. Monero may have some nostalgia driving it forward, but there are better altcoins to buy now.
Conclusion
Looking at the crypto fear and greed index we see it is edging a bit too high on the greed side. Mantra may have already had its growth spurt and is unlikely to go higher, while Monero may be old news with better options to take its place. When it comes to altcoins to buy now, Lunex Network stands head and shoulders above the competition.
Lunex Network is now available during presale at $0.0046.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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