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Three cryptocurrencies are poised to grab the headlines as the crypto industry prepares for a bull run; Lunex Network (LNEX), Ethereum (ETH) and Avalanche (AVAX) are gaining huge traction ahead of the Q4 bullrun. These projects offer innovative solutions and advanced technology, making them the standout performers to mint to masses in the imminent bull run.
Avalanche (AVAX) Continues To Show Promise
The recent price performance of Avalanche (AVAX) looks promising, primarily driven by key support levels and increased activity from large investors. This particular rise in whale activity on Avalanche indicates several high-net-worth investors are bullish on the token’s prospects. Avalanche recently topped its 50-day Simple Moving Average of $24.66, suggesting short-term support and possible bullish momentum.
Avalanche is trading above its 200-day SMA. The altcoin’s recent performance has been favorable, with Avalanche recording 17 green days in the past 30 days, reflecting a 57% rate of positive daily price movement. Additionally, Avalanche enjoys high liquidity, bolstered by its substantial market capitalization. Analysts predict Avalanche will explode in the imminent bull run as its ecosystem continues to expand.
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Can Ethereum (ETH) Maintain Its Recent Climb?
The resurgence of Bitcoin has resulted in a recovery in the cryptocurrency sector, with Ethereum’s price soaring almost 6% to $2,444. Despite this upward movement, the critical demand zone for Ethereum between $2,252 and $2,440 remains a focal point.
Several key signals suggest a potential drop in Ethereum’s price. Ongoing geopolitical tensions, particularly the conflict between Iran and Israel, could impact Ethereum’s performance. Additionally, the MVRV ratio over the past year, currently at -14%, indicates a lack of capitulation, implying that further declines might be imminent.
Recent trends reveal a decrease in whale transactions, suggesting that institutions are hesitant to buy Ethereum at the current levels. Moreover, an increase in the volume of Ethereum held on exchanges could signal possible future price drops. A lack of new capital inflows also reflects a disinterest among investors in the existing price range.
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Ethereum has hit $2,449, up 5.70% within the past 3 days. Nevertheless, the crypto’s immediate outlook appears precarious as on-chain indicators suggest selling pressure which might trigger a surprise selloff for investors.
Traders, Businesses, and Developers Enjoy Lunex Network’s (LNEX) Offerings
Lunex Network’s (LNEX) strength lies in its immediate swaps with institutional liquidity, this enables traders to perform big trades without fear of change in slippage which is typical in decentralized markets. With access to institutional-grade liquidity pools, Lunex Network conducts more effective trades even during high volatility. This capability attracts whales and large investors who need liquidity to move significant amounts of capital quickly without impacting market prices.
In addition to its suite of dynamic trader perks, Lunex Network offers valuable utility for traders, developers, and businesses. Traders benefit from record-low fees, lightning-fast transactions, and unmatched interoperability. Meanwhile, developers are drawn to the protocol for its emphasis on application development. The platform provides instant access to 65 RPC nodes, which prepares the space for the seamless deployment of decentralized applications.
Businesses also find Lunex Network appealing due to its advanced merchant payment gateway. This feature enables companies to integrate cryptocurrencies as a viable payment method effortlessly. With these offerings, the protocol appeals to traders, developers, and businesses alike, paving the way for Lunex Network’s widespread adoption and growth.
Lunex Network ($LNEX) is currently progressing through stage 3 of its presale, with analysts predicting a steep value increase of 1,800% during 2024 during which they foresee a massive 100x multiplier when the bull market fully kicks in.
Currently, $LNEX tokens are priced at an attractive $0.0015. This presents a viable investment opportunity for those looking to capitalize on potential gains.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
