While investors look out for the next big crypto to diversify their funds into, a crypto pro who spotted early gains on BNB (BNB), which has surged by more than 170% over the past year, is now bullish on Cardano (ADA) and Lunex Network (LNEX). While Cardano (ADA) has surged by just over 33% over the past year, Lunex Network is undergoing its presale phase.
However, the ongoing presale of Lunex Network is already making waves as over $620,000 has been raised in revenue and a whopping 502 million tokens have been sold in the space of some weeks. As the demand for the LNEX token continues to rise, analysts suggest that the price could jump by over 200% even before the presale concludes.
Lunex Network Is Poised For A Massive Surge
Apart from the fact that Lunex Network presents a platform where even complete novices can easily navigate to satisfy their DeFi needs, token holders are also presented with the benefits of sharing in the revenue generated from the exchange. Meanwhile, the Lunex Network platform makes money through multiple ways.
Interestingly, some of the ways in which Lunex Network generates revenue include trading and transaction fees from the exchange, subscription fees from the portfolio tracker app, node leasing, Lunex pro, swapping fees from the Lunex wallet, transaction fees to merchants, and listing fees for new listings.
With these multiple revenue streams, holders of the LNEX token get a cut in the revenue generated. Moreover, a part of the generated revenue will be used to buy LNEX tokens in the open markets. This will help to maintain the value of the LNEX token. Meanwhile, the LNEX token is currently undergoing its presale with each token selling for only $0.0013 in stage 2.
BNB Price Chart Analysis
Over the past week, the BNB price increased by over 5% from $555 to $585. Despite initially dropping to the $537 mark, the BNB price faced rejection at that support zone which resulted in an increase in bullish pressure.
As a result, BNB (BNB) started to show higher highs and lows until the altcoin exceeded the $580 mark. The price of BNB (BNB) rose over 14% from $506 to $585 over the past month as well. The community opinion of BNB (BNB) has remained optimistic among these price rises.
The price of BNB (BNB) started to fall until it dropped below $540, while toward the end of September, it climbed to the $610 resistance zone and encountered rejection from bears. On the BNB price chart, we may thus see the price of the altcoin drop even more toward $530 should the bulls fail to maintain this $540 support zone.
Cardano Price Chart Analysis
The Cardano price has risen slightly more than 34% over last year. After several months of extended consolidation, the Cardano price is yet to break out from the range shown between $0.31 and $0.45. Cardano (ADA) rose up to $0.77 earlier this year in March, but it then dropped steadily later.
Conversely, the value of Cardano (ADA) has a small rise of less than 1% over the past month. Rising to the $0.41 resistance toward the end of September, the altcoin was rejected and subsequently experienced a sharp drop that sent Cardano (ADA) below the $0.35 mark.
The Cardano price chart shows, meanwhile, that we may witness a possible rally back to the $0.41 resistance zone if the bulls can maintain the price of Cardano (ADA) above this level. The bulls failing to maintain this level, however, could cause a further drop toward $0.25.
Lunex Network Set To Outpace BNB and Cardano
While BNB (BNB) and Cardano (ADA) record notable price fluctuations, Lunex Network gears up for a rally right from the presale stage. With over 500 million tokens sold in weeks, the demand for the LNEX token keeps rising and this is poised to result in a massive surge in the coming weeks.
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.