SPONSORED POST*
Avalanche (AVAX) Challenges Cardano (ADA) as they now jostle the ranks of the top 10 largest cryptocurrencies by market capitalization. Amid this bullish momentum, another rising altcoin, Lunex Network, is capturing attention for its innovative solutions to multi-chain trading. With Lunex Network’s unique offerings, $LNEX is shaping up to be a 200x token pre-launch.
Avalanche Trading Volume Surges as Developer Engagement Soars
Although Avalanche slipped 0.70% in yesterday’s trading session. Today, Avalanche sits at $26.52, bringing AVAX’s market cap to just over $10.8 billion. Buyer interest has increased, with over $320 million worth of Avalanche traded in the past 24 hours.
Avalanche’s recent rise can be linked to the impressive 12,000 Deactivity events recorded within the AVAX ecosystem. This surge signifies heightened developer engagement and innovation, showcasing Avalanche’s expanding appeal and its potential for future decentralized applications and projects.
Avalanche is currently sitting at a crucial resistance zone on the weekly chart. If AVAX breaks through, Avalanche could regain its earlier upward momentum. A move past this level might see Avalanche climb beyond $30 in the near term.
Can Cardano Recover After the Whale Dump?
Cardano has seen a 5% increase since September, with its price standing at $0.3481. However, Cardano has experienced a drop of more than 2.4% in one week. Analysts pointed to large-scale investors, or “whales,” dumping Cardano as tensions between Iran and Israel escalated, contributing to the sudden drop.
Adding to the bearish mood, technical indicators like the MACD line showed a weakening bullish momentum for Cardano. Resistance built up near the $0.40 mark, causing a pullback and fueling speculation of a short-term correction. Though market volatility persists, this consolidation phase may be laying the groundwork for a significant upward trend. Looking toward 2025, analysts believe Cardano’s price could rise steadily to hit $0.81.
How Lunex Network is Transforming Multi-Asset Trading
Lunex Network is shaking up the DeFi space, offering a trading experience unlike any other. Unlike most DeFi DEX platforms, Lunex Network lets users trade across blockchains like Ethereum, Solana, and a staggering 50,000 others, all without the need to verify a passport or driver’s license. This allows traders to stay anonymous, while also avoiding the delays that come with complicated verification processes.
What sets Lunex Network apart even further is its complete removal of KYC (Know Your Customer) requirements and the need for third-party wallet connections. Traders no longer have to worry about connecting to external services, making Lunex Network a truly private and efficient solution in the DeFi world.
In addition to its strong focus on privacy and interoperability, Lunex Network also equips traders with advanced tools. One standout feature is the dynamic portfolio tracker, which lets users monitor not only cryptocurrencies and $LNEX tokens but also stocks and ETFs. This makes Lunex Network a top choice for traders who like to keep a diversified portfolio, all under one roof.
As Lunex Network enters stage 2 of its development, $LNEX tokens are available at just $0.013, offering early investors a golden opportunity. With buzz growing every day, Lunex Network is on track to become the next DeFi blue chip of 2024 and beyond. Analysts predict that Lunex Network could see a 1,800% rally by the end of Q4, and the potential for 100x returns by 2025 is on the horizon.
You can find more information about Lunex Network (LNEX) 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.
