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Cardano and Avalanche have managed to attract a huge influx of new investors this week with their latest developments and impressive resilience. Meanwhile, savvy traders are quickly switching to Lunex Network’s new decentralized exchange before it takes over Uniswap and skyrockets to the moon!
Cardano (ADA) Investors Positive About Upcoming Rally
Cardano’s price action has been extremely bullish since last week’s interest rate cut. In the last seven days, Cardano has rallied by 14.65% which is making investors optimistic about the upcoming altseason. Since Cardano is trading at a crucial supply level right now, the positive funding rate could spark a rally that pushes Cardano to new highs. For now, Cardano is trading for $0.4078 after a 2.59% intra-day increase.
Cardano has already breached its crucial resistance level at $0.40 today with more room for growth in upcoming weeks. Although Cardano is trading below its 200-day Simple Moving Average for now, Cardano’s price is expected to remain bullish as more investors maintain long positions. If the bullish sentiment continues, Cardano could surge to $0.593 in the beginning of Q4.
Avalanche (AVAX) Offers $40M Reward to Developers
The Avalanche ecosystem just underwent a huge upgrade with the latest Avalanche9000 development. As Avalanche releases a series of new tools and improvements to improve scalability and usage, Web3 developers are rushing to Avalanche to capitalize on the opportunity. Avalanche’s Retro9000 program is offering a retroactive grant worth $40M to any developer who creates a new blockchain on the Avalanche ecosystem, driving Avalanche’s demand to new highs.
Avalanche is currently trading for $29.68 after an impressive 5.61% intra-day increase. Since Avalanche’s volume has also surged by 56% in the last 24 hours, Avalanche’s market sentiment appears to be extremely bullish for now. If Avalanche can sustain this position in Q4, it could climb up to the $33.42 resistance soon.
Lunex Network (LNEX) Poised for 10x Gains in Q4
Cardano and Avalanche might be showing potential for growth right now, but savvy traders are already switching to Lunex’s viral presale. Lunex Network (LNEX) is a new, community-backed decentralized exchange that is expected to become the next big thing in the DeFi space. If the ongoing bullish momentum persists, Lunex Network’s price is expected to surge 1800% by the end of its presale stages, with another 100x rally on launch day!
While traditional exchanges like Uniswap and PancakeSwap have developed their dominance in the DEX market, Lunex Network’s innovative strategy to launch cross-chain interoperability is set to outshine all competitors. By combining centralized and decentralized exchanges, Lunex Network acts like a bridge between isolated blockchains and allows traders to swap more than 50,000 assets across different chains.
If that wasn’t enough, then Lunex Network also offers the best user experience in the market with its no-KYC policy, an exclusive DeFi wallet, and even a portfolio tracker that allows traders to track their stocks, bonds, ETFs, and cryptos in one place. By becoming one of Lunex Network’s VIP presale holders, traders can get an exclusive black card, which allows them to use crypto holdings for day-to-day transactions.
Aside from these innovative ecosystem features, Lunex Network’s native $LNEX token also offers long-term utility as an independent token. By adding $LNEX to a staking pool, traders can receive a passive income through staking rewards with up to 18% APY. Since these rewards are distributed through a buyback mechanism, Lunex Network’s price is expected to remain on a deflationary trend as the explosive demand surpasses limited supply.
Within a few days of its launch, Lunex Network’s presale stage 1 is already 62% sold out. If this bullish momentum persists, analysts believe Lunex Network could start recording new all-time highs from next week onwards. For a limited time only, Lunex Network’s $LNEX tokens are available at a low price of only $0.0012 each.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
*This article was paid for. Cryptonomist did not write the article or test the platform.
