This week’s crypto news highlights interesting developments as the global market goes in and out of extreme greed. Cardano’s token unlock is drawing attention, with speculation on its impact on ADA‘s ecosystem. Meanwhile, Binance Coin (BNB) reached a new all-time high, further solidifying its position in the market.
Additionally, Lunex Network emerged as a potential game-changer in the DeFi space, with its innovative solutions stealing the spotlight.
Lunex Network Launches DeFi Platform That Eases Trading
Lunex Network‘s public presale has captured significant attention in the crypto world, already raising an impressive $4.1 million. This milestone reflects growing confidence in the platform’s vision and utility. With a total token supply of 8 billion LNEX, the presale offers early adopters a chance to secure the token at an attractive entry point.
Designed to be a DeFi disrupter, Lunex Network provides numerous benefits, including discounts on transaction fees, staking rewards of up to 18% APY, and exclusive access to premium platform features. These features tell the story about Lunex Network as more than another DeFi token—it’s a gateway to a user-focused financial ecosystem.
The funds raised during the presale will be channeled into expanding Lunex Network‘s capabilities, including liquidity pool enhancements, advanced portfolio tracking tools, and adding merchants for its Lunex debit card. With its focus on accessibility and secure smart contracts, Lunex Network will help retail investors trade without worrying about security.
Binance Coin (BNB) Knocks $800 Door, $1,000 Next?
Over the past week, BNB jumped 20% to an ATH of $793 and pulled back to $730 in 12 hours. The BNB breakout may be attributed to exponential growth in the adoption of the Binance Smart Chain. As bullish momentum gathers pace across the Binance Coin ecosystem, analysts forecast BNB could surge further to $1,000.
Technical indicators show BNB maintaining a bullish trend, with the RSI remaining in overbought territory at 73. The MACD remains positive, and trading volumes have surged by 25% week-over-week. With 18 green days in the last 30 days, BNB‘s trajectory remains optimistic heading into 2024.
Cardano (ADA) Token Unlock Propels Token Price
Cardano (ADA) experienced a price surge ahead of a significant token unlock event, currently trading around $1.1, up 16.9% from the previous week. This movement reflects growing optimism about its scalability upgrades and DeFi potential. However, ADA price activity has remained steady, suggesting cautious participation.
ADA‘s 50-day moving average shows support at $1, with resistance at $1.22. A breakout above $1.22 could set ADA on a bullish trajectory, but the token unlock event could introduce volatility. Long-term indicators remain positive as Cardano (ADA) continues to expand its ecosystem with enhanced smart contract functionalities.
Conclusion
While ADA and BNB have gone through developments worth noting, Lunex Network is an investor favorite on the crypto news as Q4 concludes. The LNEX presale is still live, with each token selling for $0.0036. Join the thousands of early adopters to make significant returns on their investment, first from the presale and then from the post-listing surge.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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