Will Bitcoin Break $80,000 This Year? Analysts Suggest Better Bets Are On Bittensor and Lunex Network

Bianca Carvalho
By Bianca Carvalho Add a Comment
5 Min Read

Bitcoin investors are expecting the token to hit a new all-time high before the end of the year while Bittensor’s price has recorded consistent declines over the last seven days. Meanwhile, analysts are projecting up to 1,800% gains for Lunex Network’s revolutionary DeFi project which has taken the crypto market by storm these past few weeks! With over $1.1million raised and 30% gains for early adopters many are touting Lunex Network as the leading ICO for gains this year.

Bitcoin (BTC) Records New Hashrate Record Ahead of Q4 Bull Market

Bitcoin hit a new hashrate record of 925 Eh/s today which reflects the increasing investor confidence. Since Bitcoin’s network activity is growing rapidly, Bitcoin is currently processing blocks 40 seconds faster than expected. As miners become more eager for Bitcoin’s future gains, the Bitcoin price prediction is currently highly optimistic. 

Bitcoin’s price surged to the $69,000 level for a brief period today before facing a consolidation. Bitcoin is currently trading for $66,855.30 after an intra-day decrease of 2.46%. Since Bitcoin’s volume has increased by a significant 124.09% over the last 24 hours, Bitcoin’s price is expected to test the $69,025 resistance again in the next few days. 

Bittensor (TAO) Fails to Record Positive Price Action Despite Recent Developments

Bittensor’s AI-based token has experienced a significant increase in investor interest as the token’s price has increased by 26.11% over the last 30 days. Institutional investors like Grayscale also boosted Bittensor’s allocation to its AI fund which reflects rising confidence in Bittensor. Even Bittensor’s futures trading volumes hit record highs over the past month which suggests strong market activity. 

Despite these positive movements, Bittensor’s price has been on a steep downtrend over the last seven days. Bittensor is currently trading for $553.72 after another intra-day decrease of 3.90%. Bittensor’s volume has also increased by 32.65% over the last 24 hours which could indicate a profit-taking sentiment amongst investors. If selling pressure increases, Bittensor’s price could crash to the $468.91 pivot soon. 

Lunex Network (LNEX) Captures Whale Attention with Explosive Presale 

Advertisement Banner

Lunex Network has been trending among retail investors ever since its presale launch and is now capturing significant whale attention as it flies through its ICO. The new DeFi project has already raised over $1.1 million by selling more than 870 million presale tokens. If this explosive trend continues in upcoming months, analysts are projecting up to 1,800% gains for LNEX holders ahead of the token’s official launch. 

The reason why Lunex Network is poised to become the next big DeFi project is the platform’s ability to swap more than 50,000+ tokens across different blockchains. While traditional DEXs and CEXs still struggle to provide secure and low-cost cross-chain interoperability, Lunex Network’s new mobile exchange is completely revolutionizing the market with these features.

The biggest advantage of using Lunex Network is the low gas fees and fast transaction speeds. Since Lunex Network uses smart contracts to execute every token swap, the platform sources liquidity from multiple networks and splits the trade to ensure the lowest possible cost.

Lunex Network’s interconnected ecosystem is powered by the platform’s native $LNEX token that can also be staked in exchange for a weekly passive income. Traders can start receiving rewards with up to 18% APY within 30 days of adding LNEX tokens to their staking portfolio. 

Since presale holders receive their tokens right away, savvy investors and whales are rushing to get their hands on Lunex Network before the presale ends. Currently in stage 4 of its presale, Lunex Network’s native LNEX token is selling for only $0.0017 making now a huge opportunity for investors to profit. 

You can find more information about Lunex (LNEX) Network here:

Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork

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