Dogecoin defied odds throughout October by recording a 40% increase in value but it is likely to face a correction in November. Meanwhile, Lunex Network’s presale has raised more than $1.5 million which is making analysts predict a massive 100x rally on LNEX’s official launch day.
Dogecoin (DOGE) Likely to Face Consolidation During November’s Bull Market
Dogecoin’s buying activity experienced a significant uptick in October as investors suddenly regained interest in the meme coin market. After recording 40% gains in October, analysts believe Dogecoin’s price is likely to face a brief correction in November. Since Dogecoin has also entered the overbought zone on the DOGE/USDT daily chart, Dogecoin’s price is likely to crash to the $0.1117 pivot in the next few days.
Dogecoin is currently trading for $0.1697 after a 2.49% intra-day increase. Dogecoin’s volume has decreased by 9.41% over the last 24 hours which typically suggests low investor confidence. Since Dogecoin’s Momentum Indicator and CCI are both flashing strong sell signals, analysts believe Dogecoin will face more selling pressure in the upcoming weeks.
Lunex Network (LNEX) Attracts Investors by Offering Passive Income Opportunity
Lunex Network has already raised more than $1.5 million during its explosive presale by attracting a variety of retail and institutional investors. Since Lunex Network is offering quick and low cost cross-chain transfers, traders are rapidly jumping ship to this new exchange ahead of its official release in 2025. If Lunex Network’s demand continues to grow at this fast pace, analysts are tipping at 1,800% gains for LNEX holders by the end of the token’s presale stages.
By integrating smart contracts on its interconnected ecosystem, Lunex Network is removing the need for unsafe third-party wallets and automated market makers. On Lunex Network, traders can simply register using a valid email address and select any of the 50,000+ compatible tokens to swap across different blockchains. Since Lunex Network has no KYC checks during sign up, traders can maintain their anonymity throughout the trading process. If that wasn’t enough, then Lunex Network also has Ethereum-backed security which encrypts all financial information directly on the blockchain and makes it immune to all kinds of third-party manipulation.
Aside from offering revolutionary trading features, Lunex Network also has a native LNEX token that can be staked in exchange for a weekly passive income. As Lunex Network generates revenue through transaction fees and merchant listings, it reinvests a significant portion to purchase LNEX tokens on the open market. These tokens are then distributed to current LNEX holders as staking rewards with up to 18% APY in as little as 30 days. To make things even better, Lunex Network allows traders to add more LNEX tokens to the staking pool without losing their initial APY.
Even with these impressive features and rewards, Lunex Network is still selling tokens for a low price of only $0.0019 each during stage 5 of its presale. As Lunex Network gains dominance in the crypto exchange sector, analysts are predicting a massive 100x rally for LNEX on the token’s official launch day.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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