Bitcoin is seeing a significant rise in its network activity while Internet Computer investors are trying to trigger a massive rally before the end of October. Meanwhile, savvy traders are jumping ship to Lunex Network’s viral presale that has already proven its potential to be the next 100x token in 2025.
Bitcoin’s hashrate reached a new high of 925 Eh/s today which reflects the growing network activity. Even Bitcoin’s mining difficulty is expected to reach a record-breaking value tomorrow as Bitcoin is currently processing blocks 40 seconds faster than anticipated. Since Bitcoin has been making an impressive comeback over the last few days, investors are becoming eager about Bitcoin’s price reaching a new high of $80,000 by the end of 2024.
Bitcoin’s price briefly hit a 3-month high of $69,500 today but it quickly retraced when short holders began liquidating their holdings. Bitcoin is currently trading for $66,961.21 after an intra-day decrease of 2.35%. Since Bitcoin is still trading above all of its Simple Moving Averages on the BTC/USDT daily chart, analysts believe Bitcoin could test the critical $69,025 resistance within the next few days. If it doesn’t, Bitcoin’s price action would record the longest bearish trend in its history.
Internet Computer has been displaying a negative trend over the last 30 days but the token is finally regaining investor interest. The latest ICP news suggests that Internet Computer has increased by 2.72% against Bitcoin today which is a positive signal. If Internet Computer investors can increase buying pressure in the next few days, Internet Computer’s price could reach the $10.76 level before the end of October.
Internet Computer is currently trading for $7.98 after an intra-day decrease of 3.51%. Despite this downtrend, Internet Computer’s volume has increased by 72.15% which indicates growing network activity. Since Internet Computer’s MACD Level has formed a bullish crossover with the signal line, Internet Computer could experience a potential rally in upcoming days.
While ICP and BTC experience uncertain market conditions, savvy traders are betting big on Lunex Network’s viral presale offer. Lunex Network’s unique strategy to launch a non-custodial DeFi exchange is attracting a variety of investors during the project’s presale which has already raised more than $1.1million. If this trend continues in the next few months, analysts are expecting a massive 100x rally for Lunex Network’s native $LNEX token on its official launch day.
Lunex Network is simplifying the entire trading process by offering cross-chain interoperability. This means that traders can use Lunex Network’s mobile or desktop app to store, swap, or stake more than 50,000+ tokens that are backed on different blockchains without connecting any third-party wallets. To make things even better, Lunex Network features a no KYC policy on its platform that allows traders to keep their identities a secret while they make large-scale trades.
Aside from the top-tier security features, Lunex Network’s native $LNEX token also features deflationary tokenomics that are expected to increase the token’s value over time. Every week, Lunex Network uses a portion of its profits to purchase LNEX tokens at market price and distributes these tokens to current stakers as rewards with up to 18% APY. Through this revenue-sharing mechanism, Lunex Network holders receive a weekly passive income and enjoy the benefits of the token’s highly deflationary price trend.
For a limited time only, Lunex Network is selling LNEX tokens for as low as $0.0017 each. Since Lunex Network’s demand is skyrocketing, analysts are predicting up to 1,800% ROI for LNEX’s early investors before the end of its presale stages.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
On October 21, a documentary featuring some of the most influential names in the crypto…
In a tale where things were unexpected, excitement-filled news was about a wallet that kept…
This week could turn out as a significant period for XRP holders, with three major…
PEPE and Dogecoin (DOGE) have a history of ground-breaking rallies with triple-digit gains, however, meme…
Stuart Alderoty, Ripple's Chief Legal Officer (CLO), recently posted a detailed analysis on X regarding…
Yes, it’s possible to use multiple TikTok accounts and easily switch between them. However, TikTok’s…