Ethereum Gains Strength Against Bitcoin, Whales Accumulate This Altcoin Expected To Pump Like Stellar
After months on the sidelines and moderate gains, Ethereum (ETH) is finally showing signs of strength again, as Bitcoin consolidates just below the pivotal $100,000 level. Meanwhile, Stellar (XLM) shocked the entire crypto market with a near-vertical breakout that saw it climb the crypto ranks with ease.
Meanwhile, Lunex Network (LNEX) is also gaining massive traction with its innovative framework that could disrupt the entire DEX space. Let’s dive deeper!
Will Ethereum Hold At $3,500?
Over the last month, Ethereum (ETH) tried several times to break above the crucial $3,500, but every attempt was met by a barrage of sell-offs that pushed its price downward. Today, Ethereum briefly soared above this level, but it already lost some ground as it’s now trading at $3,455 with a 4% intraday increase.
According to analyst Yoddha, Ethereum’s long-term outlook remains unchanged despite any short-term turbulence. He points out that Ethereum is still moving within a multi-year ascending channel and is currently building up pressure for the next explosive leg-up that could see Ethereum soar to 5 figures at the peak of the bull run.
Stellar Community Vindicated as XLM Soars Past $0.60
After ranging around the $0.10 level for years, Stellar (XLM) experienced a 6x multiplier in a matter of days that saw its price peak at $0.063, a level not seen since 2021. As investors booked profits, Stellar retraced and is currently selling for $0.50 with a 2.2% intraday increase.
At $14.7 billion in market cap, Stellar has triumphantly re-entered the crypto top 20, as the 14th biggest cryptocurrency.
According to some analysts, the writing was on the wall all along regarding Stellar’s blinding rally. Crypto expert Just Some Guy has shared some exchange numbers highlighting a massive $8.8 billion in derivatives volume for Stellar, accompanied by a 54% increase in open interest, sitting at roughly $450 million.
Lunex Network Could Usher In A New Era In DeFi
Lunex Network is a non-custodial exchange that integrates isolated blockchains into one place and offers seamless transactions between 50,000 assets at the lowest possible price.
At the forefront of Lunex Network’s priorities is privacy and security. This means that no KYC is required to join and no third-party wallet is needed either. Users can simply select the tickers, input a receiving address, and confirm the transaction.
Users will also be able to use an exclusive non-custodial Lunex-branded wallet that can be operated simultaneously via phone or desktop. This feature offers unmatched versatility and allows traders to seamlessly operate across the 40+ blockchains supported by the wallet.
For investors who want to keep an eye on their assets and keep up to date with the latest market trends, Lunex Network offers a novel portfolio tracking app that comes with built-in data feeds and analytics.
Another intriguing feature that has already captured the attention of the crypto community is the generous revenue-share model that will allow participants to earn passive income while encouraging long-term holding. On a weekly basis, Lunex Network will reinvest a portion of its earnings to buy back LNEX tokens on the open market and redistribute them among holders as recurring staking rewards for up to 18% APY.
More than $3.1 million has been raised in record time during the ongoing presale of the native LNEX token, which currently sells for just $0.0031. By the end of the presale alone a 1,800% surge is expected, making today the perfect time to get involved. Don’t miss out!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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