The anticipated Q4 2024 finally rolled in but with a dramatic surprise. The Fed rate cut last month that almost ignited the altcoin season turned out to be a «sell the news» event. In fact, the total crypto market cap shed over $2.2B — a turn that had many analysts predict BTC and AVAX to drop off top cryptos to buy in 2024.
But amidst this chaos lies Lunex Network‘s blue-chip DeFi revolution. Unlike the faltering giants, Lunex’s utility-driven innovative asset exchange and DeFi solution has turned heads. Why is Lunex grabbing headlines lately? Let’s find out.
Bitcoin gives up post-Fed rate cut gains. Crumbles below $60k
Bitcoin‘s post-Fed rate cut euphoria, which many thought would trigger the altcoin season, has petered out. BTC has, once again, fallen below the $60k mark with a double-digit percent that had a rippling effect on the crypto market.
Technical indicators are also flashing red flags. Bitcoin‘s 200-day moving average is falling for the first time in 640 days as it struggles to break through the key resistance level at $65k. Even the Bitcoin ETFs got hit after a staggering $361.2M was pulled out in only three days. Analysts predict a fall below the $55k level could mean BTC ending the year at sub-$50k.
Altcoin season: Analysts predict AVAX poised to beat Bitcoin in Q4
The altcoin season is heating up, and Avalanche has emerged as one of the top cryptos to buy in 2024. It’s no surprise! Avalanche has been an alluring favorite for its technical superiority and massive potential to oust Bitcoin on the DeFi front. This smart contract platform has made a name for itself with its triple-layer interoperability protocol, which boasts blazing speed and scalability.
However, the recent drop in BTC‘s price has affected AVAX’s positive outlook. Avalanche rose to a new monthly high at $31 but lost steam and dropped below $24.5. The Altcoin Season Index remains neutral, and only 18 out of the top 50 altcoins are outperforming Bitcoin.
Top crypto to buy in 2024: Lunex Network’s seamless liquidity and DeFi revolution set to dominate altcoin season
Bitcoin giving up its gains and AVAX‘s drop dimming hopes for an altcoin season has put the spotlight on the dark horse doing what these established duo couldn’t. AVAX‘s success has proven that much needs to be done regarding interoperability. However, Lunex Network came up with an innovative solution to blockchain unity when it comes to seamless asset exchange.
It’s an innovative hybrid exchange that aims to serve as the missing link that DeFi desperately needs. While Avalanche and Bitcoin currently hold a valuation advantage, Lunex Network surpasses them in terms of potential and utility-driven innovation. That’s what makes it the top crypto to buy in 2024 and beyond. Besides, Lunex boasts well-thought-through tokenomics and roadmap activities, which are telltale signs of a potentially successful project.
Right now, it looks like Lunex may ignite the dimming embers of the altcoin season. Experts are looking at a 100x growth from here, and the massive buy-ins it had at the first presale stage hint at this reality. Currently, Lunex Network tokens are selling at just $0.0015.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
