Toncoin and Polkadot are facing significant selling pressure as both tokens have been on a downward trend over the past week. Amid this bearish sentiment, savvy traders are jumping ship to Lunex Network’s viral presale that is already poised for 100x gains on its official launch day.
Toncoin’s (TON) Network Activity Registers Massive Decline
Toncoin has been on a bearish trend over the past week as its active addresses have dropped by 43%. During the same period Toncoin’s new addresses have also registered a 48% dip which is typically considered a bearish signal. Many Toncoin whales have also left the market as Toncoin’s large transactions worth more than $10 million have plummeted by 23% over the past month.
However Toncoin is currently trading at $5.21 after a significant 3.18% intra-day increase. Since Toncoin’s volume has decreased by nearly 24% over the last 24 hours, Toncoin investors appear to be holding their assets closely. If buying pressure remains high, Toncoin’s price could break the $6 resistance soon.
Polkadot (DOT) Sellers Dominate the Market
Polkadot sellers have already dragged the price below the 20-day and 50-day Simple Moving Averages, signaling strong selling pressure. Although Polkadot managed to make a slight recovery over the weekend, the token’s downward trend began once again on Monday. Since Polkadot buyers are failing to trigger a bullish move, analysts believe Polkadot could experience steeper declines in upcoming weeks.
Polkadot is currently trading for $4.13 after an intra-day decrease of 0.36%. Since Polkadot’s MACD level is still negative, analysts suggest Polkadot will experience lower lows before entering a correction phase. Since Polkadot’s price has already fallen below its $4.41 pivot today, the token is expected to plunge to the $3.83 support soon.
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Lunex Network (LNEX) Leads DeFi Sector with New Exchange-based Token
Lunex Network is a new DeFi gem that analysts can’t stop talking about. By solving the critical issue of cross-chain interoperability with its robust non-custodial exchange, Lunex Network is already poised for 100x gains by 2025.
While traditional DEXs are still limited to a single blockchain, Lunex Network is launching a new platform where traders can swap over 50,000 pairs seamlessly. Traders can simply select two tokens of their choice and enter a recipient wallet address to get their new crypto within minutes. With no KYC checks and transparent transaction tracking, Lunex Network is already attracting a huge influx of early investors in its early presale stages.
Aside from retail investors, even institutional investors and Web3 developers are flocking to Lunex Network’s presale to take advantage of the low entry point while it lasts. Institutional investors can use Lunex Network’s merchant payment gateway that allows businesses to seamlessly accept crypto, while Web3 developers can enjoy more than 65 RPC nodes that make dApp development feel like a breeze.
To encourage long-term investment, Lunex Network is also offering appealing rewards through its revenue-sharing model. After generating revenue through merchant listings and transaction fees, Lunex Network uses a significant portion of its profits to buy back LNEX tokens that are distributed to current holders as staking rewards with up to 18% APY. Paired with the token’s deflationary tokenomics that include regular token burns and a fixed supply of 8 billion, LNEX’s price is expected to skyrocket as soon as it hits the open market.
For now, Lunex Network is selling LNEX tokens for a low price of only $0.0013 each. As buying pressure picks up in Q4’s bull market, analysts believe LNEX could end up emerging as the leading DeFi token of 2024 by delivering a massive 1800% ROI to early investors!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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