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As the general crypto market goes through a minor retracement, Bitcoin Cash (BCH) shows signs of a potential $500 surge. Meanwhile, the Ethereum price is gearing up for a rally in the fourth quarter.
With key cryptocurrencies gaining traction, investors are paying close attention to trending crypto tokens like Lunex Network (LNEX), which successfully sold out its first presale stage in record time.
Ethereum Price Could End 2024 On A Strong Note Amid Market Optimism
As the crypto industry undergoes a market-wide reversal, ETH still holds a 0.36% advantage over the past month, boldening its resilience into Q4. With 17 green days out of the last 30, ETH maintains a 5.41% price volatility.
Analysts project a potential growth of up to 25% by the end of 2024 as institutional ETH adoption increases. This would mean a near-$4,000 price point for ETH. Additionally, the weekly trading volume for the ETH token increased by 44%. Investors remain bullish, with ETH becoming a go-to asset for long-term gains.
Bitcoin Cash (BCH): Rising Demand Powers Gains
Bitcoin Cash (BCH) has seen renewed interest over the past week due to its fast transaction speeds and lower fees in today’s crowded market. With 15 green days in the last 30, BCH is trading above the 200-day simple moving average. The BCH token has increased by 31% in the past year, reaching its highest point since February 2022.
With a 1.27% yearly inflation rate, BCH is projected to reach $500 before November 2024. According to CoinMarketCap, community sentiment sits at a staggering 98% for BCH, higher than over 90 of the top 100 cryptocurrencies.
Trending Crypto, Lunex Network, Hints At 800% In Few Weeks
Lunex Network is a decentralized network with the fewest blockchain limits, offering over 50,000 currency pairs over 40 blockchains. Unlike custodial platforms, Lunex Network users have complete ownership over their private keys and, thus, their assets.
Users on the network can trade freely without connecting their wallets or revealing any KYC information. This platform also offers portfolio tracking and a cross-chain bridge, which allows users to easily manage and move cash between blockchains.
In the past year, billions of dollars have been lost to rug pulls and wallet fraud. Central exchanges often include clauses in their user agreements that leave customers’ digital assets vulnerable in bankruptcy situations. In response to these challenges, LNEX token holders benefit from an additional security layer using Lunex Network‘s Enclave technology at a time when AI is rendering some security measures outdated.
With a compound annual growth rate (CAGR) of 43.8%, the DeFi industry is expected to reach $507.92 billion by 2028. However, in the year following its launch, Lunex Network is expected to capture a huge market share.
Currently in its second presale stage, the LNEX tokens are on sale for just $0.0013, providing a generous gateway to DEX’s future. With analysts forecasting an 800% rise during its presale alone, the best time to invest in Lunex Network is now.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
