Cardano’s rally last week was only short-lived as the token has fallen deep into bearish territory now. As Cardano whales sell out due to bearish dominance, they are turning to Lunex Network’s new DeFi exchange that has already proven its 100x potential by raising more than 500,000 USDT in record time.
Cardano’s (ADA) Midnight Testnet Fails to Trigger Bullish Price Action
Cardano was gaining bullish traction last week before it started recording steep declines. After a sudden loss of interest, Cardano’s price plummeted by 14.45% over the last seven days. Amidst this bearish sentiment, even Cardano’s long-awaited privacy protocol called Midnight Network failed to reignite interest. For now, Cardano is trading for $0.3451 after another intraday rise of 0.56%.
Since Cardano is flashing sell signals on its daily chart, investors are losing all hope in a short-term resurgence. Even Cardano’s volume has decreased by 25.78% over the last 24 hours which suggests reduced network activity. If this downtrend continues, Cardano could experience increased selling pressure that would push the token’s price to the $0.313 support in the upcoming weeks.
Lunex Network (LNEX) Captures Whale Attention with Cross-Chain DeFi Exchange
While Cardano suffers steep declines, Lunex Network’s (LNEX) viral presale is quickly becoming the top choice for savvy traders. By attracting both retail and institutional investors, Lunex Network has managed to raise a record-breaking 500,000 USDT within a week of its presale launch. If this bullish trend extends into Q4’s bull market, analysts believe the platform’s native $LNEX token could see a significant 1800% surge ahead of a massive 100x rally on launch day.
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The reason why Lunex Network is attracting a huge influx of whales is because it allows traders to swap 50,000+ pairs across different blockchains. Through this cross-chain interoperability, Lunex Network eliminates the need to connect unsafe third-party wallets like MetaMask or TrustWallet that force traders to compromise on their security. On Lunex Network, every crypto trade is encrypted on Ethereum’s immutable blockchain and can be fully tracked through the platform’s smart contracts.
To make things even better, Lunex Network also uses smart contracts to source liquidity from various networks and give traders the lowest possible transaction fee on every trade. By splitting the trade on several blockchains, Lunex Network allows traders to enjoy minimal costs and lightning-fast transaction speeds.
Crypto whales are also rushing to Lunex Network for its premium staking rewards. As Lunex Network generates revenue through merchant listings or transaction fees, it repurchases its native $LNEX tokens on the open market. These tokens are distributed amongst current LNEX holders as rewards with up to 18% APY. Since Lunex Network also allows traders to add more tokens to their staking pools without losing their initial APY, LNEX is quickly gaining popularity amongst whales who are looking for a reliable passive income opportunity.
Even with this impressive set of features, Lunex Network is still selling tokens for a low price of only $0.0013 during stage 2 of its presale. As the presale picks up bullish momentum in Q4, market experts are already projecting Lunex Network to become the next 100x crypto by 2025.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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