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Breaking News: China's Impact On Bitcoin Prices: Top Expert Reveals The Real Reasons Behind The Drop
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Breaking News: China's Impact On Bitcoin Prices: Top Expert Reveals The Real Reasons Behind The Drop

New ICO Dubbed Binance Coin Predecessor Set for Explosive 18x Surge, 76% of Dogecoin Holders Remain in Profit

Bitcoinist
by Bitcoinist
Last Updated: October 17, 2024 12:43 pm
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Of all the new coins in the cryptocurrency market, only a few can match the growth of Binance Coin (BNB). It went from its initial crypto ICO price of $0.15 to $710 — a 400x increase. It also made the early investors get very rich and set such a high standard that virtually new ICOs struggle to match. 

Today, there is a lot of interest in a new project, Lunex Network (LNEX). The platform is in the presale stage and has raised over $870k in funds. Analysts have tagged Lunex Network as the next to give 18x gains before the year ends. Meanwhile, 76% of Dogecoin (DOGE) holders are still in profit.

76% of Dogecoin (DOGE) Holders Still in Profit

Dogecoin (DOGE), the gem that actually ignited the memecoin category, has become a top crypto today, with endorsement from none other than Elon Musk. For years now, the Dogecoin crypto has steadily increased in adoption.

At present, the IntoTheBlock data shows that 76 % of DOGE addresses are in profit. However, only 20% are in losses, so Dogecoin (DOGE) is among the most profitable coins in the market. 

Looking at the 30-day chart on CoinMarketCap, the Dogecoin price is range bound at $0.10 and $0.13. However, the current price of DOGE, according to the weekly timeframe, has increased by 14%, showing an improvement in bullish sentiment. 

The sentiment around the coin is currently bullish based on the Hull Moving Average (9) and VWMA (10). The Dogecoin price prediction of Coincodex suggests that the memecoin could pump to $0.314098 by January next year.

Binance Coin (BNB) Price Tests the $600 Resistance

Binance Coin (BNB) has grown over the years to join the top 5 cryptocurrencies by market cap. Its link with the top exchange platform, Binance, has been a major contributing factor to this growth.

Initially created as a token to pay for trading fees, Binance Coin BNB has gained other utilities such as making payments, booking travel services, and even usage in Binance’s Launchpad and Liquidity Pool. Presently, the Binance Coin price is consolidating between $500 and $600, according to CoinMarketCap.

After a recent price pump, the cryptocurrency passed the $600 mark but failed to hold due to bearish pressure. Analysts are bullish about Binance Coin crypto. They believe a new all-time high above $720 is around the corner, and Hull Moving Average (9) and VWMA (10) support this rally.

Lunex Network (LNEX) Introduces a Revolutionary Trading Platform

Lunex Network (LNEX) is expected to transform the DeFi market with its unique set of features. This decentralized trading platform will enable users to trade over 50k coins on various blockchains. Moreover, Lunex Network does not request KYC identification. This means that anyone can trade on Lunex decentralized platform anonymously.

The project even has a buy-back and burn feature, which, over time, decreases the number of tokens in circulation. Such a move could lead to an increase in price in the long run, making Lunex LNEX coin a good cryptocurrency to buy. 

The coin is in the third stage of its presale and is priced at $0.0015. Analysts forecast a price increase of 18x in the future. Those who have the token can also use it to pay for a Lunex Pro subscription. Some of the benefits accruable to the subscribers include cashback on transactions, membership to exclusive staking, and AML checks for the security of their funds. 

Also, Lunex Network has low transaction costs and provides other services apart from crypto trading. These services include managing digital assets for cryptocurrency, bonds, stocks, and ETFs. This could make Lunex one of the top projects in the $36.5 billion crypto trading platform market.

Lunex Network, The Next BNB ICO

While Binance Coin (BNB) was a success in the past, Lunex Network is on the way to becoming the next success in the future. Many experts believe the new DeFi project would follow in the footsteps of BNB. For anyone who wants to get the same kind of returns that Binance Coin (BNB) gave investors, Lunex Network might be the ticket.

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.

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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