Ripple and Bitcoin may have been investor favorites in the past, but they are quickly losing momentum due to market uncertainty. Savvy traders are now turning to the explosive Lunex Network presale which has already raised 800,000 USDT in record time!
Ripple vs. SEC Battle Set to Continue
Ripple’s demand has dropped significantly since the United States Securities and Exchange Commission (SEC) decided to appeal the court ruling in favor of Ripple. In these uncertain market conditions, even Ripple’s recent ETF filings for its XRP token have failed to attract investor attention.
Ripple price is currently trading at $0.5336 after a slight intraday increase of 0.44%. Ripple volume also increased by 34.41% in the last 24 hours, suggesting a sense of profit-taking from short position holders. If the selling pressure increases further, Ripple price could fall to the $0.4305 support in the coming weeks.
Bitcoin (BTC) shows signs of weakness
Bitcoin has not seen any significant gains during recent liquidity trends, making investors eager for a massive rally soon. However, analysts believe that Bitcoin will dip even lower before seeing a full rise. Since Bitcoin recently rejected the $64,000 resistance, Bitcoin’s price trend is expected to be bearish in the coming weeks.
Bitcoin is currently trading at $60,451.18 after an intraday decline of 2.87%. Although Bitcoin volume increased by 11.56% in the last 24 hours, this is likely due to some short position holders liquidating their Bitcoin holdings. This ongoing sell-off is expected to continue until Bitcoin rises above the 100-day simple moving average at $61,045, which is unlikely in the near future.
Lunex Network (LNEX) to outperform top 10 cryptocurrencies in Q4
A large number of Ripple and Bitcoin investors are jumping into the viral Lunex Network presale, and for good reason. Instead of only targeting a particular crypto sector, Lunex Network is launching a revolutionary DeFi exchange that is expected to upend the entire DEX and CEX market, which already generates over $275 trillion every 24 hours. Even if Lunex Network manages to capture a 1% market share, it can surpass the gains of Ripple and Bitcoin combined!
The reason analysts think Lunex Network has 100x The potential is the platform’s unique cross-chain trading functionality. While traditional DEXs limit traders to a single blockchain network, Lunex Network’s interoperability features allow traders to trade over 50,000 cryptocurrency pairs across different blockchains.
Since Lunex Network powers its ecosystem through smart contracts, the platform offers an advanced aggregation protocol that sources liquidity from multiple sources. This means that Lunex Network spreads each transaction across different networks to provide the fastest transaction speeds and lowest costs.
Lunex Network has already raised 800,000 USDT during its presale, and these early investors have the chance to receive an exclusive Lunex card. This black card is reserved for VIP-level pre-sale holders who will be able to make fast crypto transactions, improving real-world adoption of the Lunex network.
Lunex Network is currently in Stage 3 of its presale, with less than 25% of tokens remaining to purchase. Given this strong demand, analysts expect a massive increase 1800% surge in the price of LNEX before the end of its pre-sale.
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