Cardano was poised for big gains in Q4, but the token’s recent price action has left investors disappointed. Although TRON’s deflationary strategy is expected to deliver some returns by next month, Lunex Network’s viral presale is already poised for a massive 1500% rally before the end of its presale.
Cardano’s (ADA) On-chain Analysis Gives Mixed Signals
Cardano’s price was in the red zone throughout the past seven days which is typically what happens before a steep decline. Since only 1.40% of Cardano holders are currently in profit, Cardano investors may start booking profits before they encounter more losses in upcoming weeks. Cardano is currently trading for $0.3552 after a minor intra-day increase of 0.63%.
Cardano’s volume has increased by 36.19% as many shortholders start liquidating their ADA holdings. Since Cardano’s large transactions have also decreased by 0.41%, Cardano whales appear to be taking a cautious approach for now. Unless Cardano breaks above the critical 100-day Simple Moving Average at $0.367, Cardano is likely to remain under bearish pressure.
Can TRON’s (TRX) Deflationary Strategy Trigger Price Surge?
TRON is on a mission to remove more than 10M tokens from circulation as part of a massive deflationary strategy. TRON’s circulating supply has already decreased from 88.97B to 86.56B in the past year, indicating a massive -2.93% deflationary rate. Although this strategy to increase the token’s value hasn’t proven fruitful yet, analysts believe TRON could form a bullish structure soon by bouncing from the weekly ascending channel.
TRON is currently trading for $0.16 after an intra-day decrease of 1.77%. Since TRON’s volume has increased by 56.61% over the last 24 hours, investors appear to be regaining interest in TRON’s network. If TRON can maintain this positive momentum for the next few days, TRON’s price could test the critical $0.1611 resistance soon.
Lunex Network (LNEX) Raises 800,000 USDT in Record Time
Lunex Network is creating significant buzz in the market with its new no-KYC, non-custodial crypto exchange. By offering cross-chain trading across different blockchains, Lunex Network has already raised more than 800,000 USDT in stage 3 of its presale. Given all the hype around Lunex Network right now, analysts are already tipping 1800% returns for LNEX holders by the end of its presale stages.
Unlike traditional DEXs and CEXs that only enable trading on a particular blockchain network, Lunex Network is diversifying the entire experience by allowing cross-chain transfers without the need for any third-party wallets. Through Lunex Network’s mobile exchange or desktop app, traders can select any of the 50,000+ crypto pairs and enter a recipient wallet address to receive their new tokens in minutes. Since every transaction made on Lunex Network is executed via smart contracts, traders can rest assured that their funds are 100% secure, transparent, and immutable.
If that wasn’t enough, then Lunex Network investors can earn cashback rewards on every transaction and enjoy staking rewards with up to 18% APY in as little as 30 days. Lunex Network also allows traders to add more LNEX tokens to their staking pools without losing their initial APY which enables traders to increase their passive income over time.
Currently in stage 3 of its presale, Lunex Network is selling its native $LNEX token for a low price of only $0.0015 per token. Given Lunex Network’s massive 100x potential, analysts believe now is the ideal time to invest before the token reaches a new all-time high next week.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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