Although Ethereum and BNB are amongst the Top 5 crypto’s by market cap, they are still facing significant price volatility. As these tokens flash sell-off signals, investors appear to be switching to Lunex Network’s new exchange-based token that allows cross-blockchain trading and offers huge staking rewards.
Ethereum (ETH) Fails to Breach Critical $2,700 Resistance
Ethereum is having trouble regaining its footing in the market after failing to break above its significant resistance levels. Since Ethereum’s recent attempt to break above $2,700 failed once again, traders are becoming more cautious about Ethereum’s future. For now, Ethereum is trading for $2,585.22 after a 2.98% intra-day decrease.
With Ethereum’s market sentiment turning bearish, Ethereum’s volume has increased by 57.18% in the last 24 hours. If this sell-off continues, Ethereum could face steeper declines in Q4 instead of breaking above the key resistance. Since there’s also a weak crossover pattern on Ethereum’s 50-day and 100-day moving averages, there is little chance that Ethereum will make a comeback in the short run.
BNB (BNB) Experiences Uncertainty After Founders Release
BNB has been trading in the same range for several months now, suggesting a stagnant market position. Although analysts expected BNB’s price to increase after the release of founder Changpeng Zhao, these predictions have ended in vain as BNB’s price only declined further. Despite Zhao’s comments about Binance thriving in his absence, BNB isn’t experiencing any significant price movements for now.
BNB is currently trading for $571.44 after a 4.47% intra-day decrease. Although BNB’s volume has increased by 23.73% in the last 24 hours, more buying pressure is needed to push BNB towards a bullish rally. If investors regain confidence, BNB could test the $620.3 resistance in Q4. However, if profit-taking ensues, BNB could face a pullback towards the $424.9 support.
Lunex Network (LNEX) Prepares to Dominate DEX Market in Q4
While Ethereum and BNB suffer with an uncertain market sentiment, Lunex Network’s new exchange-based token is ready to dominate the upcoming bull market in Q4. After an impressive presale launch that raised more than $500,000 in record time, Lunex Network has entered stage 2 of its presale after a 8.33% price rally. As Lunex Network gains traction with its cross-chain interoperability and ingenuous revenue-sharing model, analysts project a massive 1800% rally for the platform’s native $LNEX ahead of its official launch.
On Lunex Network, traders can make crypto swaps across multiple blockchains at high speeds and low costs. Since Lunex Network has a no-KYC policy and backs every trade directly on the immutable Ethereum blockchain, traders can enjoy a completely anonymous and secure trading experience.
Aside from attracting retail investors, Lunex Network is also targeting big institutional investors by offering a merchant payment gateway. Through Lunex Network, businesses can expand their clientele across the globe by accepting cryptocurrencies as a payment method. If that wasn’t enough, then Lunex Network also attracts Web3 developers by offering 65+ RPC nodes that enable quick and simple dApp development.
Given these impressive features and staking rewards with up to 18% APY, it is no surprise that Lunex Network’s presale is selling out in record time. For now, Lunex Network’s native $LNEX token has entered stage 2 of its presale with an initial price of $0.0013.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
