Arbitrum and Hedera seem poised for big gains before the end of Q4 if both tokens manage to break out of their consolidation phases. Meanwhile, Lunex Network’s low-cap crypto is gaining traction as the platform has raised nearly $5 million in record time.
Arbitrum (ARB) Experiences Sell-off Despite Bullish Predictions
The Arbitrum price has rallied by 53.48% during the last month. Analysts also believed the token was 125% undervalued against other altcoins. Arbitrum is seeing massive institutional interest because of Ethereum’s interoperability research. Therefore, market experts suggest that Arbitrum could experience a 3x surge in price before the end of 2024.
Despite bullish predictions, Arbitrum is flashing strong sell signals since its price crashed 14.11% in the last 24 hours. Arbitrum is currently trading for $0.9603, and its trading volume is up by 162.96%. Since Arbitrum’s short holders appear to be booking profits, its price could crash towards the $0.8070 support. It may then experience a resurgence.
Hedera (HBAR) Records a Massive 440% Rally Before Rejecting a Critical Resistance
Hedera’s price has rallied by a massive 440.70% over the last month as the platform recorded significant whale investments. Hedera’s price peaked at $0.39, but its upward trend is failing to sustain its momentum. This altcoin rejected a critical resistance at $0.38 last week. Therefore, the token’s price chart has turned red as Hedera holders begin selling out.
Hedera is currently trading for $0.2959 after an intraday decline of 5.94%. Its volume also surged by 77.75% during this period, which suggests high selling pressure.
If Hedera regains momentum, it could target the $0.40 and $0.45 levels. If it experiences a price breakdown, it could decline to $0.27 or $0.17 before the end of Q4.
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Lunex Network (LNEX) Draws Closer to Raising $5 Million in Record Time
Lunex Network is already positioning itself as a market leader during this altseason by raising nearly $5 million swiftly. Lunex Network’s innovative approach to combining aspects of decentralized and centralized trading fueled this explosive momentum. It also bridges the gap between isolated blockchains. As more traders switch from ARB and HBAR to Lunex Network, analysts predict more than 2000% ROI for early investors.
With Lunex Network’s cross-chain interoperability, traders can exchange cryptocurrencies across 40+ blockchains at the lowest possible costs. To enhance user security, Lunex Network is fully backed by Ethereum’s immutable blockchain. It ensures every transfer made on the platform is safe and unchangeable.
Beyond these primary trading features, Lunex Network also offers secondary benefits such as a merchant payment gateway for institutional investors. By adding this gateway to any existing website, business owners can receive crypto-to-fiat payments from customers around the world. Lunex Network also aims to increase its real-world adoption. So, 200 exclusive LNEX investors will receive Lunex Cards. This black card allows traders to use their digital assets to make direct fiat transactions anywhere.
Even with its state-of-the-art technology, Lunex Network’s native LNEX token is selling at a relatively low price of just $0.0038. It witnessed an explosive rally worth 217%. As LNEX’s limited supply runs out, analysts are projecting a significant price jump before the end of this week.
You can find more information about the Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
