The crypto market is showing mixed signals, with popular cryptocurrencies showing signs of a further drop, contrary to investors’ expectations of a bullish October. Ethereum, the popular altcoin, has continued to struggle due to increasing whale dumping, which has also affected the Ethereum ETF inflows in recent days.
Amid these mixed signals, Ethereum ICO whales have continued ditching the popular altcoin in favor of Lunex Network. The new DeFi protocol has been dubbed as a direct rival to top DEXs like Uniswap due to its fantastic ecosystem, which includes features that will revolutionize crypto trading. As such, experts have projected 100x rallies in the coming months. More details below.
Lunex Network DEX Set To Rival Uniswap in the DeFi Space
One of the problems users are encountering in DEX exchanges such as Uniswap is security and high transaction fees, which have hindered the easy transfer of digital assets. For context, Lunex Network is developing a next-generation Web3 DeFi crypto exchange that will allow for easy trading and swapping of cryptocurrencies across multiple blockchains at a cheap fee.
As a non-custodial exchange, investors are not required to connect their wallets like Trust Wallet. You only need to link the receiving address and initiate a transaction without the rigorous KYC processes. The ecosystem also has a portfolio tracker that allows you to track multiple assets. To solve issues of transparency, all orders are processed through smart contracts.
Meanwhile, with the Lunex Network non-custodial wallet, users will be able to buy, sell and swap cryptos easily. Users who decide to hold the token will receive a transaction fee discount. The numerous features of the ecosystem make it a top competitor in the billion-dollar DeFi industry, with analysts comparing its growth to Uniswap, which hit over 600% rallies within three months of listing.
As such, LNEX, the Ethereum-based native token, is projected for 50x rallies in 2025. At the ongoing stage 2 of the presale, the LNEX token is sold for just $0.0013. With 71% of the tokens allocated for stage 2 already sold out, coupled with the fact that stage 1 sold out within three days, now is the best entry point before the price hits the moon.
Ethereum Price Prediction — How Low Can Ether Coin Drop?
Ethereum has faced increasing dumping among whales in recent weeks, with the Ethereum Foundation among the last set to ditch the token. According to CoinMarketCap data, Ethereum price has declined below the $2400 mark with the altcoin looking to fall below the key $2300 support zone.
As per on-chain tracker Santiment, Ethereum is one of the cryptocurrencies the crowd has turned the most negative during the latest market downturn, showing the worrisome situation of the altcoin. Lookonchain stats show that Ethereum ETF’s net inflows declined by 3,422 (-$8.32) in the past day as investors diversify to promising projects like Lunex Network.
A further look at the Ethereum technical analysis shows that moving averages are flashing sell signals with the 14 days RSI showing neutral signs. According to Ali Martinez, Ethereum price needs to hold on to the $2,250 support zone to stand a chance of bouncing back. Ali thinks that if Ether coin breaks below the trendline, an average of 53% correction might follow.
Why Now Is the Best Entry Point in the Market?
Although the market is tilting towards the bears, previous data has shown that the last quarter of every year always witnesses a significant rally. With Bitcoin consolidating within a range, a break above 64k – 66k could trigger a rally which will push altcoin prices up. While Ethereum is struggling, Lunex Network could offer more, given the numerous benefits of the ecosystem and the high demand for the LNEX token.
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