Uniswap’s bears and bulls are stuck in a fierce battle while Solana is trying to regain bullish momentum through dApp development. While these top tokens struggle with market forces, savvy traders are rushing to Lunex Network’s explosive presale that is projected to outshine both Uniswap and Solana in Q4.
Uniswap (UNI) Flashes Mixed Signals on Daily Chart
Uniswap recently experienced a massive rise in its exchange inflows which peaked at 893,000 on October 2nd. Since these exchange inflows typically signal a sell-off, Uniswap investors are quickly turning bearish on the token. However, 67% of these traders have taken long positions on Uniswap, suggesting a strong bullish bias towards a massive Uniswap breakout.
Uniswap is currently trading for $6.53 after an intra-day decrease of 6.39%. On the UNI/USD daily chart, Uniswap’s MACD is converging with the signal line. If it crosses below, Uniswap’s overall momentum will turn bearish enough to test the $6.43 support in upcoming days.
Solana (SOL) Experiences Massive Surge in dApp Volumes
Solana experienced a steep 9% decline over two days after it rejected the critical $160 resistance once again. Despite this correction, Solana’s overall community sentiment is still bullish due to all the recent developments in Solana’s ecosystem. As investors show interest in Solana’s new smartphone named Seeker, Solana’s dApp volumes surged by a massive 46% in the last seven days.
Solana is currently trading for $135.92 after an intra-day decrease of 6.41%. Since Solana’s volume is down by 20.19% over the last 24 hours, investors appear to be losing interest in Solana for now. If Solana’s network activity continues to rise in Q4, the token might outperform the altcoin market and chase the upper resistance at $180 in the next few months.
Lunex Network (LNEX) Rivals Uniswap by Raising 500,000 USDT in Record Time
Uniswap has been the leading DeFi exchange for a long time now, but newcomer Lunex Network (LNEX) is suddenly stealing all of Uniswap’s investors. Within a few days of its presale launch, Lunex Network has managed to attract a variety of retail investors, institutional whales, and even Web3 developers that helped the platform raise more than 500,000 USDT. If this bullish momentum continues throughout Q4, Lunex Network is expected to make a place for itself amongst the Top 3 cryptos list by 2025.
Lunex Network is experiencing a huge demand surge due to its innovative cross-chain trading capabilities. By connecting isolated blockchain networks on one non-custodial platform, Lunex Network is set to earn a huge market share of the crypto DEXs and CEXs market that already generates more than $275 trillion every 24 hours. On Lunex Network, traders can swap any crypto pair regardless of its host blockchain. This means that instead of connecting unreliable third-party wallets like TrustWallet or MetaMask, traders can directly use Lunex Network’s non-custodial exchange to swap more than 50,000 crypto pairs in an instant.
Aside from these revolutionary trading features, Lunex Network also offers attractive staking rewards to long-term holders. By adding $LNEX tokens to their staking pool, traders can earn a consistent passive income through rewards with up to 18% APY. Since these rewards are distributed through Lunex Network’s open market buyback mechanism, the platform’s native $LNEX token is expected to follow a strictly deflationary price trend as rising demand surpasses the capped supply of 8 billion tokens.
Since Lunex Network is all about improving user experience, the platform is currently selling presale tokens for a low price of only $0.0013 each. Given this low entry point, traders are rushing to get their hands on Lunex Network’s presale stage 2 which is already 40% sold out. As Lunex Network gains more traction, analysts expect a huge demand-induced price surge within the next two weeks.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
