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Breaking News: Fed Lowers Rates By 25bps: How Bitcoin And Crypto Prices Responded And What's Next
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Breaking News: Fed Lowers Rates By 25bps: How Bitcoin And Crypto Prices Responded And What's Next

Ethereum and Solana Whales Believe This Emerging Crypto Could Reshape The $50B DeFi Industry Sparking Mass Adoption

Bitcoinist
by Bitcoinist
10 months ago
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum and Solana experienced substantial gains over the past few days but both tokens are now slowing down. In contrast, Lunex Network’s viral presale continues to climb upwards as analysts predict up to 1800% returns for LNEX holders by the end of its presale.

Ethereum ETFs Record Historic $135 Million Inflows in One Week

Ethereum’s ETFs saw record-breaking inflows worth $135.92 million this week. Since Ethereum’s community sentiment has finally turned positive, analysts believe Ethereum’s current rally can continue for the next few weeks. Ethereum is currently trading for $3,304.64 after an intra-day surge of 1.46%. 

Ethereum’s volume has decreased by 31.69% over the last 24 hours which is typically a sign of low network activity. If Ethereum manages to attract more buying activity in the next few days, analysts believe Ethereum could target the nearest resistance at $3,448 before experiencing a minor correction. 

Solana (SOL) Becomes the 2nd Largest DeFi Token After Massive Rally

Solana is on a streak of surpassing all the other Top 5 cryptos as SOL has officially overtaken TRON as the 2nd largest DeFi token in the market this week. Even though Solana’s price is facing a minor correction after recording a weekly high of $225, analysts believe Solana’s current uptrend will continue for the next few weeks because of high network activity.

Solana is currently trading for $216.26 after an intra-day increase of 2.65%. However, Solana’s volume has decreased by 20.73% over the last 24 hours which typically suggests a decrease in buying activity. If Solana investors turn bullish on the token again, Solana’s price could rise to the nearest resistance at $262.01 soon.

Lunex Network’s (LNEX) Seamless Trading Experience Captures Whale Attention

Lunex Network might end up surpassing the gains of both Ethereum and Solana with its new DeFi cross-chain trading platform. By combining features of DEXs and CEXs on a single non-custodial exchange, Lunex Network is kicking off a new era of crypto trading. Since cross-chain interoperability is what every savvy trader has been dreaming of, analysts believe Lunex Network’s demand will skyrocket to the moon by the end of Q4’s bull market.

Although Lunex Network has been capturing retail investors ever since its presale launch, the platform is now seeing a huge influx of investments from whales as well. These whales can use Lunex Network’s portfolio tracker and crypto wallet to store all their digital assets in a single place. Since Lunex Network is already compatible with 50,000+ different cryptocurrencies, traders can easily track any of their holdings or make cross-chain transfers with the click of a button. 

If these trading features weren’t impressive enough, then Lunex Network’s revenue-sharing model gives traders a hassle-free way to earn a consistent passive income. By the end of every week, Lunex Network uses up to 18% of its revenue to purchase LNEX tokens on the open market and distributes these to current holders as staking rewards with some of the highest APYs in the market. Since Lunex Network’s presale investors receive their tokens right away, they can add their LNEX tokens to the staking pool and start earning massive rewards in as little as 30 days.

Given these features, it is no surprise that Lunex Network is already poised for 1800% gains by the end of its presale stages. For a limited time only, Lunex Network’s native LNEX tokens are available for a low price of only $0.0021 each.

You can find more information about Lunex (LNEX) Network 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.

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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