Crypto

BNB and Monero face bearish pressure as investors hhift to Lunex Network presale

Disclosure: This text doesn’t signify funding recommendation. The content material and supplies featured on this web page are for instructional functions solely.

BNB and Monero face bearish stress as buyers shift to Lunex Community’s presale, elevating almost $550,000 in beneath per week.

BNB and Monero are each dealing with sturdy bearish stress after their current worth declines. As BNB and XMR buyers e-book earnings. They’re now turning in direction of Lunex Community’s viral presale that has already raised almost $550,000 in lower than per week of its launch. 

BNB brief holders may e-book earnings quickly

Though BNB didn’t set off a bullish breakout on the finish of September, the token nonetheless recorded modest 8.67% features during the last 30 days. Because the broader crypto market heads into This autumn’s bull market, BNB is predicted to see extra bullish momentum within the upcoming weeks. 

For now, BNB worth is buying and selling for $551.90 after an intra-day enhance of two.72%. Since BNB’s quantity has decreased by 11.86% within the final 24 hours, buyers seem like holding their BNB tokens for now. Nonetheless, based on Coinglass information, BNB’s long-to-short ratio is presently 0.97 which signifies bearish stress. If BNB brief holders begin reserving earnings, BNB’s worth might expertise a big downtrend in October. 

Monero faces bearish stress after Kraken’s delisting

Monero was not too long ago delisted from the Kraken trade in European international locations as a result of new safety laws. As a consequence, Monero’s worth instantly declined by greater than 10%, pushing the token’s worth beneath $150. Since Monero’s on-chain metrics are additionally hinting at bearish dominance, Monero’s worth might expertise extra disruption within the upcoming weeks. 

Monero is presently buying and selling for $145.48 after a ten.88% intra-week lower. Though Monero’s group sentiment continues to be bullish, analysts anticipate to see a sell-off quickly as Monero is flashing sturdy promote alerts on the XMR/USDT day by day chart. If profit-taking ensues, Monero might fall to the essential $143.28 assist quickly. 

Lunex Community’s no-KYC DeFi trade attracts new buyers in presale stage 2

Lunex Network is the supply of all of the bullish hype out there as a result of its new cross-chain DeFi trade. With no KYC checks, Ethereum-backed safety, and cross-chain buying and selling, Lunex Community is all set to overthrow current decentralized exchanges and kickstart a brand new period of cross-chain interoperability. 

Whereas conventional DEXs require merchants to attach third-party wallets like MetaMask and TrustWallet to swap cryptos throughout totally different blockchains, Lunex Community is fixing the issue with its revolutionary DeFi trade. On Lunex Community, merchants can swap 50,000+ crypto pairs throughout blockchains with the press of a button. To make issues even higher, merchants can trade cryptos with out offering any delicate info since Lunex Community has a novel no-KYC coverage. 

Since Lunex Community’s ecosystem is powered by the platform’s native LNEX token as an alternative of third-party cryptos, Lunex Community additionally presents engaging staking rewards to long-term holders. By reinvesting a portion of its earnings into open market buybacks of LNEX, Lunex Community distributes rewards with as much as 18% APY to present holders. Since these buyers also can add extra tokens to their staking portfolios with out dropping their preliminary APYs, Lunex Community already has a big variety of lengthy holders who’re driving the token’s worth to new heights. 

Lunex Community’s viral presale has already raised almost $550,000 in file time, however analysts imagine the token’s bullish upswing is simply getting began. For now, LNEX tokens are promoting for a low worth of solely $0.0013 every earlier than the much-anticipated worth surge subsequent week. By the tip of its presale phases, Lunex Community is predicted to ship a large 1800% ROI to early buyers earlier than one other 100x rally post-launch.

For extra info, go to the Lunex Network official website or be part of the online community for the newest updates.

Disclosure: This content material is offered by a 3rd get together. crypto.information doesn’t endorse any product talked about on this web page. Customers should do their very own analysis earlier than taking any actions associated to the corporate.

Show More

Related Articles

Leave a Reply