Ripple and Avalanche are both experiencing high selling pressure as traders are switching to better-performing DeFi gems ahead of Q4’s altseason. Meanwhile, Lunex Network is experiencing bullish demand with analysts tipping at a huge 1800% surge before the end of its presale stages.
Ripple’s Legal Battle to Trigger Steeper Price Declines
Ripple investors are rapidly selling out ever since the SEC decided to appeal the court’s decision that favored Ripple. XRP’s price has already suffered a 14.22% decrease in the last seven days, and analysts are projecting more losses in upcoming weeks.
XRP is currently trading for $0.5414 after an intraday increase of 1.79%. Ripple’s volume has increased by 64.01% over the last 24 hours, traders seem to be booking profits as they lose confidence in Ripple’s future. Since Ripple is also trading below all its key Simple Moving Averages on the XRP/USDT daily chart, Ripple’s price is likely to plunge to the $0.5209 support soon.
Avalanche (AVAX) to Experience Short-term Consolidation
Avalanche recorded 5.08% losses over the last seven days due to strong selling pressure. Although Avalanche is now trading in the green again, the AVAX/USDT price chart is still flashing mixed signals. As Avalanche forms a descending triangle pattern on its 4-hour chart, analysts believe AVAX could experience lower highs in the next few weeks before a potential trend reversal.
Avalanche is currently trading for $27.06 after an intraday increase of 1.35%. Since Avalanche’s volume has increased by 37.24% over the last 24 hours, Avalanche’s short holders appear to be booking profits. Although Avalanche could experience a rally once the selling pressure cools down, Avalanche’s short-term outlook is still bearish.
Lunex Network (LNEX) Gains Traction with Lowest Gas Fees in the Market
Savvy traders are always searching for ways to maximize their gains, and Lunex Network (LNEX) is launching a new DeFi exchange where there’s an endless possibility for profits. By offering cross-chain interoperability, low gas fees, and Ethereum-backed security, Lunex Network is ready to target established tokens like Ripple and AVAX in Q4. If these bullish predictions are proven true, Lunex Network’s price is expected to rally by a massive 1800% by the end of its presale.
Although third-party wallets like MetaMask and TrustWallet have allowed cross-chain trading in the past, these platforms force traders to compromise their security and anonymity. With Lunex Network’s no-KYC policy and integration of smart contracts, traders can keep their identity private and track all their trades with complete transparency. To make things even better, Lunex Network doesn’t make traders settle for high cross-chain transaction fees. By using smart contracts, Lunex Network sources liquidity from multiple blockchains and splits every trade in the most cost-effective way to ensure the lowest gas fees in the market.
If that wasn’t enough, then Lunex Network is also attracting a huge influx of new traders who have been searching for an easy-to-use crypto exchange. Since Lunex Network aims to break barriers to entry in the DeFi space, the platform has an incredibly simple user interface where traders can simply select any of the 50,000+ compatible crypto pairs to swap and enter a recipient wallet address to get their new tokens within minutes.
Aside from these trading features, Lunex Network also has a revenue-sharing model through which the platform distributes staking rewards with up to 18% APY. Since Lunex Network’s supply is capped at 1 billion, LNEX’s price is expected to skyrocket due to the platform’s deflationary tokenomics.
For now, Lunex Network is halfway through its second presale stage with tokens selling for a low price of only $0.0015 each. As Lunex Network picks up momentum in Q4, analysts are already tipping at a massive 100x rally on launch day which will make Lunex Network surpass existing DEXs like Uniswap and PancakeSwap by a mile.
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.
