Dogecoin and Cardano were experiencing promising rallies in the last few days, but that bullish trend has suddenly come to an end. Meanwhile, traders are switching to Lunex Network’s explosive presale that is already poised to dominate the entire crypto exchange market by 2025.
Dogecoin (DOGE) Short Holders are Selling Out
Dogecoin was on an extremely bullish trend over the last few days, but all those gains have 19,000 new Dogecoin addresses created which reflected increased investor interest. Even Dogecoin’s active addresses experienced a 37.23% surge over the last seven days, suggesting increased activity on the Dogecoin network.
Despite this promising rally, Dogecoin has now turned bearish on the DOGE/USDT daily chart. Dogecoin is currently trading for $0.1109 after a significant 5.43% intra-day decrease. Since Dogecoin’s volume has also increased by 9.99% over the last 24 hours, short-term holders might be selling out for now.
Cardano (ADA) Nosedives from Breakout Pattern
CEO of Cardano, Charles Hoskinson, announced that he will unveil a new roadmap for Cardano at the upcoming Buenos Aires Cardano Summit in mid October. However, unlike the typical bullish trend that follows such big announcements, Cardano has abandoned its breakout from a falling channel. Cardano is currently trading for $0.3665 after an intraday decrease of 3.23%.
Since Cardano’s daily chart is currently flashing bearish signals. The current bearish run is expected to continue for the next few weeks. Most Cardano holders are currently in short positions rather than long positions and increased selling pressure could trigger more declines in Cardano’s price. If profit taking ensues, Cardano’s price could fall to the $0.312 support soon.
Lunex Network (LNEX) Raises Nearly 500,000 USDT in Record Time
Lunex Network’s LNEX) presale is encountering extreme bullish momentum as the new DeFi project has already raised 500,000 USDT within a few days of its launch. Since Lunex Network isn’t targeting a specific crypto sector but the entire crypto exchange industry, this new exchange-based token is already poised for 100x post-launch gains.
The main driver behind Lunex Network’s rapid rise to the top is the platform’s cross-chain functionality. While traditional DeFi exchanges are still restricted to a single blockchain network, Lunex Network allows traders to swap any of the 50,000+ crypto pairs across multiple blockchains in a quick and simple way.
Since Lunex Network uses smart contracts to power its advanced aggregation tools, traders can get the lowest possible cost for every crypto transaction. Instead of fetching the transaction rate from a single network, Lunex Network splits the trade across multiple blockchains to offer minimal costs for every trade.
Aside from swapping cryptos across multiple blockchains, Lunex Network’s DeFi wallet also allows traders to keep track of their stocks, bonds, cryptos, and ETFs in one place. Since Lunex Network does not require any KYC verifications on sign up, traders don’t have to worry about their security or anonymity being compromised either.
Given these features, it is no surprise that Lunex Network’s presale is seeing a huge influx of new investors every day. For now Lunex Network is in its second presale stage with tokens selling for a low price of only $0.0013 each. As Lunex Network gains traction, analysts are anticipating up to 1800% gains for LNEX before the end of the presale is wiped out by a sudden decline in Dogecoin’s price. As of September 30.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
