Cryptocurrency is at a crossroads and the anticipated Uptober rally has been abruptly halted as international tensions escalate in the Middle East. Alt-coins like Cardano and XRP are experiencing the full brunt of a market consumed by fear and doubt, though some outliers including new ICO DEX gem Lunex Network are outperforming the constraints of the market as it raises over $1 million in less than a month!
Cardano Suffers From Short-Term Price Decline
Most cryptocurrencies in the top 100 are diminishing in value in early October, and Cardano is no exception. Down almost 7% this week, bears have successfully managed to hijack Cardano’s positive trajectory pre-Uptober.
In the early stages of Q4, analysts are divided over how Cardano will perform for the remainder of the year. Some Cardano bears are expecting a further 20% decline for Cardano in the coming weeks despite Cardano’s 3% rise in the past 24 hours, while others believe a Cardano recovery is on the cards.
XRP’s “Bullish Rise” Proves To Be Short-Lived (As Usual)
XRP investors have been left wanting from SEC’s resolution with Ripple, as XRP looks poised to return to its old tendencies following a minor rally: fluctuating between $0.45-0.65.
XRP reaching its all-time high from 2017 seems like a distant dream at this point, considering one of the biggest bullish catalysts in the history of cryptocurrency wasn’t enough to propel XRP beyond a dollar, let alone $589.
While some analysts, like Peter Brandt, believe that XRP is poised to explode in tandem with Bitcoin’s recovery, XRP appears destined to amass disappointing gains in the 2-5x range this cycle.
Massive Gains On The Horizon For DEX-Swapping Gem Lunex Network
As Cardano and XRP continue to deteriorate this week, new trailblazing DEX-swapping platform Lunex Network is soaring in value during the second stage of the presale. Analysts believe that an 1800% surge is in store for Lunex Network upon the market’s recovery, and as hype just keeps growing and growing, early investors could garner returns exceeding 100x by 2025.
A key differentiator for Lunex Network is its removal of KYC mandates, making it especially appealing to those who value privacy when trading tokens. This feature allows users to maintain their anonymity and provides a streamlined process that appeals to a broad audience.
Additionally, Lunex Network eliminates the need to connect third-party wallets like MetaMask, PhantomWallet, or UniSat, further emphasizing its commitment to privacy, security, and accessibility.
The platform enables investors to trade over 50,000 assets seamlessly while keeping transaction fees extremely low. This cutting-edge technology ensures transactions are executed at lightning speed, and users are even able to track each trade and swap conducted on the platform.
Lunex Network also offers an attractive staking system, allowing users to earn up to 18% APY by staking their LNEX tokens. Unlike many other platforms, Lunex supports staking for a variety of cryptocurrencies, including popular options like Bitcoin and Ethereum, and meme coins like Dogecoin and Brett.
At a presale price of just $0.0017, Lunex Network is poised to be a massive gainer in this bull run, meaning that early investors could see incredible gains in the upcoming months.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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