As the US presidential election approaches, crypto investors are bracing for a surge in volatility. As uncertainty increases, Celestia (TIA) and Bitcoin Cash (BCH) are hovering above key support levels.
Meanwhile, Lunex Network is turning heads with its innovative DEX framework that could bring about a revolution in the DeFi space. Let’s dive deeper and discover why this new gem could outperform both Celestia and Bitcoin Cash in the upcoming months.
Has Celestia Bottomed Out?
Celestia has been on a downward spiral for months, as a descending trendline is acting as a dynamic resistance level, pushing the price lower. Today, Celestia sells for $4.42 with a 33% decline in volume, with about $96 million worth of TIA traded in the last 24 hours.
If this support level were to give in, Celestia could enter bearish price discovery which would wipe out most of its yearly gains, so it’s crucial for bulls to hold the line. This latest drop experienced by Celestia can be attributed to the recent token unlock that was scheduled at the end of October, as 175 million TIA tokens have inflated the circulating supply.
Bitcoin Cash Continues To Range With No Signs Of A Breakout
Bitcoin Cash has failed in its attempt to become a viable Bitcoin alternative as its price action through the years has been nothing short of underwhelming. Currently, Bitcoin Cash is priced at $336 with a 6.9% weekly decrease.
The $400 level continues to elude holders as more promising projects such as Lunex Network are capturing the interest of the market. Despite its sluggish price movements, Bitcoin Cash has enjoyed relative stability even in the most bearish months of 2024, and holders can expect predictable, albeit modest returns. Will Bitcoin Cash finally bounce back? Only time will tell.
Lunex Network Is About To Leave The Competition In The Dust
Lunex Network aims to be much more than just another run-of-the-mill decentralized exchange. The protocol is fully non-custodial and allows seamless transactions between over 50,000 assets. This means near-instant transfers across all major blockchains including Bitcoin, Ethereum, and Solana.
Users don’t need to compromise sensitive data or use a third-party wallet. To complete a transaction, users just need to choose the crypto pair, input the address, and confirm. This ensures a frictionless trading experience with significantly reduced waiting times and fees.
Moreover, Lunex offers a unique portfolio tracker that will allow effortless asset management across different classes, including crypto, stocks, and bonds. This tracker comes with built-in analytics and data feeds, allowing users to always have the most relevant information at hand.
Lunex Network also has a premium subscription service, Lunex Pro, which will grant access to advanced trading tools and features, including cashback on every transaction and AML wallet checks.
Businesses who want to integrate crypto payments, but lack the technical knowledge, will be able to do so via the Lunex Network B2B payment gateway API. This will allow them to accept cryptocurrencies and have them instantly swapped for fiat at the best possible rate.
Lunex Network also guarantees a passive income stream for holders of the $LNEX token. Every week the exchange will reinvest a portion of its earnings to buy $LNEX on the open market. These tokens will then be redistributed to users as recurring staking rewards with up to 18% APY.
Lunex Network is currently in stage 5 of the presale, with $LNEX tokens selling at just $0.0019. Before the end of the presale event, the token value is expected to soar by 18x, and once $LNEX hits the markets, a 100x surge could be on the cards in 2025. This means that there has never been a better time to invest, as the price per token is the lowest it will ever be.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
