Ethereum has started to recover after recently clearing the $2,320 resistance, but the token is still struggling to pick up bullish momentum. Even though Ethereum’s future remains uncertain, many traders are regaining interest in the token to prepare for potential gains by the end of Q4.
Meanwhile, Lunex’s new DeFi crypto exchange is ready to disrupt the market with its revolutionary strategy to allow spot trading across different blockchains. Since Lunex’s native $LNEX also offers utility through massive staking rewards, analysts are already projecting a massive 100x rally for Lunex on launch day. Here’s why Ethereum investors are starting to diversify.
Ethereum (ETH) Recovers After Bearish Summer
Ethereum’s price has declined by nearly 11% over the past 30 days following strong bearish pressure. Although Ethereum was able to clear the $2,300 and $2,320 resistance levels, it has encountered a setback once again. Ethereum is currently trading at $2.291 after a minor 0.78% intra-day decrease.
Despite the price volatility, Ethereum’s trading volume is up by 17.2% during the last 24 hours. As Ethereum’s RSI climbs above the 50-neutral level, the token’s price is expected to undergo more upswings in the upcoming weeks. If Ethereum can break through the bearish pressure, ETH’s price could rise toward $2,450 before the end of September.
Lunex ($LNEX) Set to Disrupt the Decentralized and Centralized Exchange Market
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Lunex is revolutionizing crypto exchanges by connecting isolated blockchains into a single, non-custodial exchange. With no KYC checks, instant transfers, and low costs, Lunex is expected to become the leading crypto exchange by 2025.
While traditional decentralized and centralized exchanges struggle to allow traders to swap cryptos that operate on different blockchains, Lunex effectively solves this problem through its completely decentralized and low-cost platform. With Lunex, both new and experienced traders can exchange cryptos easily without worrying about security breaches and anonymity issues.
Since Lunex processes all transfers through smart contracts instead of AMM, Lunex’s DeFi protocol offers the first fully transparent crypto exchange in the market. Instead of creating an account and giving away personal information, traders can simply select two cryptos to exchange and enter a wallet address to receive their new crypto within seconds.
Aside from Lunex’s revolutionary exchange, Lunex also offers long-term utility to traders through its native $LNEX token. LNEX will be used as the primary payment currency for all merchant and token listing fees on Lunex, making the token’s price incredibly deflationary over time. Additionally, Lunex also shares its profits with investors by repurchasing $LNEX on the open market and distributing these to long-term holders as staking rewards with up to 18% APY.
Although Lunex has just kicked off its presale with a selling price of $0.0012, analysts are already tipping at several price surges within the next few weeks. Once Lunex is officially launched, the $LNEX token is poised for 100x gains, making it the largest decentralized cryptocurrency exchange in the market.
Discover the Exciting Opportunities of the Lunex (LNEX) Presale Today!
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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