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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected
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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected

Crypto Veteran Who Profited from BNB’s Early Rise Now Eyeing These Promising Altcoins

Bitcoinist
by Bitcoinist
Last Updated: October 18, 2024 11:57 am
·
Posted in Industry
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Over the years, BNB (BNB) has been remarkably performing. BNB (BNB) has climbed by more than 510,000% in about 7 years. An early buyer who spent only $10 on the altcoin will thus have over $51,000 by now. Meanwhile, a crypto veteran who profited from BNB’s early rise is now eyeing 2 other promising altcoins for 2024 growth.

As the year gradually comes to an end, this crypto expert predicts that Chainlink (LINK) and Lunex Network (LNEX) could yield exponential gains this Q4. While Chainlink (LINK) bounces off its $10 support, Lunex Network is massively booming in its presale with over $950,000 already raised and more than 650 million tokens sold in some weeks.

Lunex Network Makes Cross-Chain Trading Easy

A recent DeFi protocol called Lunex Network lets users quickly swap their cryptocurrencies among several blockchains. Now it could pique your curiosity to know that the platform provides more than 50,000 cryptocurrencies and cross-chain transactions can be conducted across over 40 blockchains, including Ethereum, BSC, TRON, Solana, and many others.

And it doesn’t stop there. These transactions can be carried out at the lowest possible fees. Hence, users will not lose substantial amounts of money to fees when performing their transactions. Meanwhile, for those who are currently having a challenge with exchanging tokens across different blockchains cheaply and easily, Lunex Network is the solution.

Furthermore, Lunex Network promotes anonymity and security by requiring no personal information whatsoever from users. In addition to that, users will not need to connect any third-party wallets like MetaMask or Trust Wallet. Interestingly, the LNEX presale is underway and each token is selling for only $0.0015 in stage 3 of the presale.

BNB Price Chart Analysis

The current price action for BNB (BNB) indicates that the altcoin is in a bullish trend. Nonetheless, BNB (BNB) is still finding notable rejection around the $600 zone. This psychological resistance has hindered the rally of the BNB price for the past five months.

Meanwhile, the BNB price chart reveals the formation of an ascending triangle pattern. However, $600 continues to act as a strong ceiling. On the other hand, short-term trends show that a cup-and-handle pattern also formed after a head-and-shoulders pattern failed.

Other indicators like the Fibonacci show that the BNB price is trading above the 50% retracement level while the 50-day EMA also suggests that the altcoin is currently bullish. If the bulls can successfully push the price above the $600 resistance, we may see the altcoin rallying to a new ATH.

Chainlink Price Prediction

The Chainlink price increased by more than 2% over the last week. Interestingly, Chainlink (LINK) had almost the same price increase over the past month. Meanwhile, the news of Taurus and Chainlink’s (LINK) new alliance might have somewhat helped to explain this modest price increase.

Furthermore, this cooperation is supposed to raise the acceptance of institutionalized tokenized assets. This is why retail investors are finding Chainlink (LINK) more easily available. The Chainlink price is still ranging between $13 and $10.4, meanwhile, but analysts see a positive breakout just soon.

Looking forward, some analysts estimate Chainlink (LINK) might hit $12 before Q4 ends. Furthermore, the 2025 Chainlink price prediction points to a range between $11 and $16. Given more institutional interest, this hopeful view suggests the possible expansion of Chainlink (LINK).

Lunex Network and Chainlink Set To Follow BNB’s Rally

While BNB (BNB) has skyrocketed by over 510,000% in the space of 7 years, some analysts are optimistic that the rally is not over yet. Meanwhile, Chainlink (LINK) is displaying signs of a possible rally and holders maintain optimism about the altcoin’s future. 

Meanwhile, Lunex Network is getting the most attention with its unique DeFi offerings that address some of the common limitations faced by other decentralized exchanges. While early investors in the Binance ICO are reaping over 500,000% gains, Lunex Network is poised to deliver similar results. You wouldn’t want to miss out on the future of DeFi.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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