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BNB is on a massive bull trend this week as the Binance ecosystem recorded a 52% increase in volume. Although Ethereumâs price has rallied as well, it was only due to a massive whale selling out. Amidst this cautious market sentiment, traders are switching to better DeFi gems like Lunex Networkâs explosive presale that is already sold out Stage 1 in record time.Â
BNB (BNB) Makes Impressive Comeback with High Volumes
BNBâs former CEO, Changpeng Zhao, is set to be released from jail by the end of September after serving his four-month sentence, which is sending bullish waves across BNBâs price chart. In the second half of September, BNBâs Smart Chain ecosystem recorded massive growth as its NFT sales increased by nearly 40%. Meanwhile, BNBâs decentralized exchange also saw a huge 52% increase in volume this period, making BNB the third-largest decentralized exchange network.Â
BNB is currently trading for $574.07 after a minor intra-day decline of 4.02%. As BNB forms a rare inverse head and shoulders pattern on its daily chart, analysts are positive about BNBâs growth in Q4. If the bullish trend persists, BNB could surge to the nearest resistance at $620.3 before testing the critical $707.2 milestone.Â
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Ethereum (ETH) Whales are Booking Profits
An Ethereum whale recently sold more than 10,000 Ethereum tokens for approximately $27.8 million, earning a massive profit of $554,000 in a single transaction. Despite Ethereumâs modest 6.03% surge in the last seven days, Ethereum is still facing a strong bearish outlook. As more Ethereum whales opt for swing trading, Ethereum is unlikely to experience a trend reversal any time soon.Â
Ethereum is currently trading for $2,707.67 after a 2.61% intra-day increase. Despite this uptick, Ethereumâs community sentiment is still 72% bearish as the token trades below its 100-day and 200-day Simple Moving Averages. If Ethereum investors start booking profits, Ethereumâs price could experience a massive pullback to the $2,005.05 support in Q4.Â
Lunex Network (LNEX) Captures Binance and Uniswap Investors with New Cross-Chain DEX
BNB and Ethereum might be performing well on their daily charts, but they are no comparison to Lunex Networkâs (LNEX) explosive presale momentum. Since the Lunex Network offers exclusive liquidity mining opportunities as well as an Ethereum-backed security protocol, the platformâs native $LNEX token is expected to surge by 1,800% before the end of its presale.Â
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The main driver behind Lunex Networkâs bullish growth is the platformâs cross-chain compatibility. Instead of restricting traders to a single blockchain, Lunex Network is combining isolated blockchains into one non-custodial network. This means traders can swap more than 50,000 crypto pairs across multiple blockchains with a click of a button, eliminating the need for untrustworthy third-party wallets like MetaMask and TrustWallet.Â
Aside from trading simplicity, Lunex Network also offers a variety of innovative features, including a merchant payment gateway for large-scale businesses to accept cryptocurrency payments and 65+ RPC nodes for Web3 developers to build dApps across multiple blockchains. With an additional Lunex Pro subscription, traders can get cashback on every transaction, premium staking benefits, and AML wallet address checks to ensure complete security of funds.Â
Given this wide range of features, Lunex Network is set to disrupt the existing decentralized exchange market and kickstart a new era of trading that is backed by the latest Web3 technology. For now, Lunex Networkâs presale stage 2 is live with a selling price of just $0.0013 per token. As demand for Lunex Networkâs native $LNEX token trends upwards, analysts are already tipping at a massive 100x post-launch rally.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
