Analysts have been turning their attention away from established top altcoins like Hedera (HBAR) and PancakeSwap (CAKE), focusing instead on an exciting newcomer: Lunex Network (LNEX).
Investors looking for high returns have noticed the 18% APY staking reward of Lunex. Lunex Network is in the presale stage and has been able to raise $1.46 million in funding.
Hedera (HBAR) Price Down Despite Welcoming Prove AI
The price of Hedera (HBAR) is down on the weekly and monthly charts despite the latest onboarding of Prove AI. The platform announced that it is migrating from the Casper network to the Hedera blockchain.
Unfortunately, the news did not affect the Hedera token positively. According to CoinMarketCap, Hedera (HBAR) has been trading between $0.05 and $0.065 in the past month. Looking ahead, analysts are still bullish about Hedera (HBAR).
They forecast the Hedera price might soar to $0.083149 in the long term. However, the altcoin price must beat the immediate resistances at the 50-SMA ($0.052991). Clearing this resistance will allow it to test the next major resistance at the 200-SMA ($0.075208).
PancakeSwap (CAKE) Price Prediction
PancakeSwap (CAKE) is among the top DeFi coins that are trading in the green region at the moment. Price information from CoinMarketCap shows the value of the PancakeSwap token has risen by 2% on the weekly timeframe.
The price surge comes after a long period of downward movement. The PancakeSwap coin has recorded 13 green days in the past month. Going forward, PancakeSwap (CAKE) must surpass the first resistance at the 50-SMA ($1.860282).
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Doing so could increase the cryptocurrency’s chance to reach higher price levels in the coming weeks. On the flip side, any bearish movement could push the PancakeSwap price to lower supports at $1.786176 and $1.72822
Lunex Network (LNEX) Earning Opportunity Arouse Investors’ Interest
Lunex Network (LNEX) is positioning itself as a new player in the DeFi market, providing users with an opportunity to trade and swap more than 50,000 coins on over 40 blockchains at low fees and very fast. Lunex stands apart from competitors as it is committed to user privacy: no personal information is requested from users.
This level of anonymity makes it a top contender for centralized exchanges like Binance. Also, Lunex Network allows its users to hold their own keys as part of its push for decentralization. Furthermore, Lunex Network meets all the needs of DeFi users in one place, so there is no need to connect third-party wallets such as MetaMask.
What makes Lunex Network the best crypto investment is its passive income opportunity. Those who buy the LNEX token and stake it for at least 30 days can receive up to 18% APY. The Lunex Network also uses part of its revenue to periodically repurchase $LNEX tokens from the market. 50% is kept as rewards for stakers, while the others are kept for other purposes.
This strategy gives $LNEX great growth prospects in the long run for its holders. The LNEX utility token is currently in stage 4 of its presale and is priced at $0.0017 which means that investors have a great opportunity to get in now before the bull run begins. Analysts expect a rally of 10x during this period.
Why Hedera and PancakeSwap Investors Are Running To Lunex Network
Although Hedera (HBAR) and PancakeSwap (CAKE) could give gains in the coming months, that of Lunex Network is higher. Apart from the price gains, investors can also earn more by staking their coins. Analysts have tagged the LNEX coin as the best cryptocurrency to buy now.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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