BNB and Monero have been facing bearish pressure in the market recently, prompting investors to shift their focus to Lunex Network’s presale. The presale has already raised close to $550,000 in less than a week, attracting a lot of attention from the crypto community.
BNB, despite failing to trigger a bullish breakout at the end of September, has still managed to record modest gains over the last 30 days. With the crypto market gearing up for a bullish Q4, BNB is expected to gain more momentum in the coming weeks. However, the current long-to-short ratio for BNB indicates bearish pressure, and if short holders start booking profits, the price of BNB could see a significant downtrend in October.
On the other hand, Monero faced a setback after being delisted from the Kraken exchange in European countries due to new security regulations. This led to a price decline of over 10%, pushing Monero’s price below $150. With on-chain metrics also pointing towards bearish dominance, Monero could experience further disruption in the near future.
In contrast, Lunex Network is generating a lot of buzz in the market with its new cross-chain DeFi exchange. The platform offers no KYC checks, Ethereum-backed security, and cross-chain trading, making it a popular choice among investors. Unlike traditional DEXs that require third-party wallets for swapping cryptos across different blockchains, Lunex Network allows traders to swap over 50,000 crypto pairs with just a click. Moreover, the platform’s unique no-KYC policy ensures that sensitive information is not required from users.
Additionally, Lunex Network rewards long-term holders with attractive staking rewards by reinvesting a portion of its profits into open market buybacks of LNEX tokens. This has attracted a significant number of long holders who are driving the token’s price up. The LNEX tokens are currently priced at $0.0013 each, with analysts predicting a massive ROI of 1800% to early investors by the end of the presale stages.
Overall, the cryptocurrency market is experiencing shifts in investor sentiment, with BNB and Monero facing bearish pressure while Lunex Network’s presale gains traction. It will be interesting to see how these dynamics play out in the coming weeks as investors navigate the ever-changing landscape of the crypto market.