A positive narrative can drive the price upward for every asset, and Binance (BNB) has certainly turned bullish with a monthly surge of over 7%. Chainlink, on the other hand, has also recorded a bullish trend, with SuperRare integrating Chainlink’s cross-chain interoperability protocol on its native token, RARE.
However, Binance and Chainlink now have a new competitor, Lunex Network (LNEX). This new DeFi protocol aims to connect all isolated blockchains, establishing a non-custodial crypto exchange that allows users to instantly trade and swap cryptos across different blockchains at a lower cost. With these, analysts believe the new project will surge by 1800% in 2024. Let’s find out why.
Lunex Network: The New DeFi ICO Poised for Significant Gains In Q4
With the October bull run, many analysts anticipate a significant DEX hype rally that could see Lunex Network hit 100x gains by the end of Q4. The Lunex Network’s non-custodial trading experience will allow users to maintain full control of their private assets. This aspect is highly appealing to security-conscious traders.
Additionally, Lunex Network offers its users a superior interface. The project has a straightforward interface for new traders with an advanced Lunex Pro for experienced investors. With such an advanced interface, traders can easily access exclusive features, including node leasing, AML wallet checks, and lower transaction costs.
Moreover, the Lunex Network also has community-driven initiatives that offer reward incentives. This includes a revenue share model that will ensure the platform reinvests part of its revenue from the open market to buy back LNEX tokens. The repurchased tokens will then be allocated as staking rewards, offering users as much as 18% APY. Lunex Network trades at $0.0017 with a stage four presale, offering early investors a 25% ROI.
Binance Coin Price Prediction: Is $700 A Possibility?
Binance coin (BNB) has been gradually climbing toward the overhead resistance of $635, where its bears will likely step in. The gradual upsloping moving averages and RSI in the positive territory give buyers a slight edge.
If BNB bulls can overcome the $635 resistance, Binance’s price could rally to $722 while aiming for the $810 mark. Conversely, if BNB’s price dips from its current level or the overhead resistance and breaks below the moving averages, its price will roam around the $460 and $635 mark.
With a current price of $598, representing a monthly surge of over 6%, Binance’s 3-hour time frame chart suggests that BNB is moving in a clear, bullish channel, with support from the EMA 34 and 89. The BNB token has also broken out of its consolidation level, with BNB price prediction suggesting it could see higher gains in 2024.
Chainlink Price Targets The $13 Mark Amid SuperRare Integration
On October 18, the SuperRare NFT market platform confirmed integrating the Chainlink network into its non-fungible token coins, RARE. Under this unique integration, SuperRare wishes to leverage Chainlink functionalities and capabilities to offer secure transactions across Base and Ethereum, a layer-2 blockchain network operating on top of the ETH ecosystem.
This comes when Chainlink’s price shows signs of a potential breakout this October. The LINK token continues to record steady gains, rising from $10.6 to $12. This upward shift, alongside promising network developments backed by technical indicators, has investors speculating if the token can surpass the $13 mark in the near term.
Chainlink’s price is trading below the 200- and 100-day moving averages, reflecting a cautious market sentiment. However, the narrowing of Bollinger Bands suggests a breakout, with $13 as the potential upside target. Additionally, Chainlink’s MACD has been converging into positive territory, suggesting a bullish momentum that might push the price of LINK even higher in the coming days.
Will Lunex Network Challenge Binance Coin and Chainlink Price Movement?
While both Binance coin and Chainlink price performance have showcased impressive growth over the years. Lunex Network is also set to offer massive returns with its low presale entry point. Backed by its unique features, LNEX will match the two coins’ price performance in the coming years, making it an appealing option for many investors.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
