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Cardano and Ethereum are failing to attract big investors in Q4 as the overall market sentiment is turning in favor of explosive altcoins. Meanwhile, Lunex Network’s viral presale is emerging as one of the biggest gainers this month by raising more than $1.2 million in record time.
Cardano’s (ADA) Fails to Gain Investor Attention Despite Social Dominance
Cardano has become the most socially active network with over 3 million social media interactions. Despite Cardano’s social dominance increasing by 3% over the last seven days, the Cardano price chart hasn’t recorded any significant action. Cardano is currently trading for $0.3533 after an intra-day decrease of 2.53%.
Cardano’s volume has also decreased by 3.45% over the last 24 hours which typically suggests that investors are losing interest. According to Cardano’s technical chart, Cardano’s Momentum Indicator is suggesting bearish dominance while the MACD line is at a neutral level. Since Cardano is trading below all of its Simple Moving Averages, Cardano’s price is expected to crash to the $0.313 support in the next few days.
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Ethereum’s (ETH) Gas Fees Drops After Rejecting Critical Support
Ethereum rejected the $2,700 level yesterday which means the token is still trading in the red zone. After this rejection, Ethereum’s gas fees dropped to less than $2 per transaction which typically triggers increased network activity. However, since Ethereum’s institutional demand is decreasing, analysts believe Ethereum is unlikely to make a resurgence any time soon.
Ethereum is currently trading for $2,566.11 after a 2.46% intra-day decline. Ethereum’s volume has also decreased by 15.17% over the last 24 hours which adds to Ethereum’s bearish community sentiment. If this downtrend continues, Ethereum’s price could fall to the critical $2,493.55 pivot soon.
Lunex Network Poised for 100x Rally on Launch Day
Lunex Network’s viral presale has been outshining the Top 10 cryptos throughout October due to its huge 100x potential. Instead of targeting a specific crypto sector, Lunex Network is launching a new DeFi exchange that is expected to revolutionize the entire trading market by 2025. If Lunex Network’s demand continues to skyrocket throughout Q4, analysts are projecting up to 1,800% returns for LNEX holders by the end of the token’s presale.
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The reason why Lunex Network is gaining traction is the platform’s multi-chain trading feature. While traditional crypto exchanges are still limited to single blockchain networks, Lunex Network is offering a non-custodial platform where traders can swap any two tokens across different blockchains. The best part about trading on Lunex Network is that this cross-chain interoperability comes with minimal costs and fast transaction speeds, making Lunex Network the most efficient DeFi exchange in the market.
Aside from the simplified trading process, Lunex Network is also offering huge rewards to token holders through its revenue-sharing model. Since Lunex Network generates revenue through transaction fees and merchant listings, the platform reinvests a significant chunk of its profits into open market buybacks of the native $LNEX utility token. These repurchased tokens are distributed to current token holders as staking rewards with up to 18% APY which gives traders a consistent and reliable source of passive income.
Given these impressive features, analysts are expecting Lunex Network’s price to reach a new all-time high within the next few days. For now, Lunex Network is selling its native LNEX token for a low price of only $0.0017 each which makes it the perfect time to invest before the upcoming price surge.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
