Analysts Show Interest in New Altcoin Offering 18% APY for Staking Over Hedera and PancakeSwap

Bianca Carvalho
By Bianca Carvalho Add a Comment
5 Min Read

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).

Advertisement Banner

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

Advertising Disclaimer

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach The Bit Journal’s audience directly. The Bit Journal’s editorial team does not create, endorse, or verify the content of Brand Press posts. Any views or opinions expressed in this content are solely those of the advertiser and do not reflect the opinions or views of The Bit Journal. The Bit Journal is not responsible for any claims, errors, or omissions in the content provided. For advertising inquiries, please email . [email protected]

Disclaimer

The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.

You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.

TAGGED:
Share This Article
Follow:
Bianca Carvalho is a leading expert in digital marketing and content management with over 15 years of professional experience. Based in Lisbon, Portugal, Bianca has collaborated with both local and international brands to develop and implement effective marketing strategies. She has excelled in roles such as Digital Marketing Director, Content Strategist, and Senior Copywriter.Bianca is renowned for her leadership skills, having managed teams of up to 50 marketing and content professionals. She specializes in creating and executing comprehensive content strategies, producing various types of content including blog posts, whitepapers, case studies, and social media content. Her expertise extends to content management systems like Drupal and project management tools such as Asana, Slack, and Monday.com.Fluent in Portuguese, English, and Spanish, with a working knowledge of Italian, Bianca is also highly skilled in media production. She has worked on several high-profile advertising campaigns across Europe, enhancing her creative abilities and her capacity to manage complex projects under tight deadlines.In her personal life, Bianca enjoys exploring new digital trends, attending industry conferences, and spending quality time with her family. For more information and to view her portfolio, visit Bianca’s personal website or connect with her on LinkedIn.
Leave a Comment