If Ethereum Hits $4,000 What Effect Will This Have On Lunex Network’s ICO?

Ethereum has recently soared past its critical $3500 resistance which is making analysts and whales positive about the token’s future gains.

Meanwhile, Lunex Network’s new noncustodial DeFi exchange is seeing massive investments after surpassing the big $3 million milestone during its presale stages.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

Ethereum (ETH) Breaches Critical $3500 Resistance After Massive Whale Transfer

Ethereum’s price has already rallied by 41.75% over the last 30 days but analysts believe the token could set a new record before the end of Q4. Since Ethereum recently recorded massive buying activity that pushed the token’s price beyond $3500, analysts are optimistic about more Ethereum rallies in the next few weeks. To make things even better, a huge Ethereum whale has transferred $783 million worth of tokens to a cold wallet which typically indicates high market confidence. 

Ethereum is currently trading for $3,480.20 after an intraday jump worth 5.18%. Ethereum’s volume has also increased by 15.58% during this period which reflects the high network activity on Ethereum’s ecosystem. If this positive momentum continues until the end of Q4, analysts believe Ethereum’s price could form a stable bottom above the $4000 resistance.

Lunex Network (LNEX) To Record 1,800% Gains With or Without Ethereum

Lunex Network has already proven its potential as the leading DeFi altcoin in 2024 by raising over $3 million in presale. Although Lunex Network is backed on Ethereum, the LNEX token continued to soar upwards even when Ethereum’s market cap was rapidly falling. If Ethereum reaches a new peak at $4,000 before the end of Q4, some analysts believe Lunex Network could experience an even bigger surge that would push LNEX into the Top 10 cryptos by market cap after its official launch day. 

The reason why Lunex Network is experiencing such explosive momentum is the platform’s innovative strategy to offer cross chain trading at surprisingly low costs. By integrating smart contracts on its interconnected ecosystem, Lunex Network sources liquidity from multiple chains and strategically splits the trade to deliver the lowest possible transaction fee on every trade.

To make things even better, Lunex Network’s smart contracts also give traders complete ownership over their digital assets as they remove the need for automated market makers. Since every trade made on Lunex Network is completely slippage free, traders can rest assured that their private information will never fall into the wrong hands. 

Since Lunex Network is a community backed platform, traders can use their LNEX tokens as governance and vote on key project decisions in the ecosystem. Traders can also benefit from Lunex Network’s attractive revenue-sharing model which shares up to 18% of the platform’s weekly revenue with long term holders. Every week, Lunex Network repurchases tokens on the open market and distributes these as staking rewards with up to 18% APYs. If that wasn’t enough, then Lunex Network also gives back to its loyal investors by offering cashback rewards on every transaction. 

Given these impressive rewards, it is no surprise that Lunex Network’s presale tokens are selling out in record time. For now, LNEX tokens are available for a low price of only $0.0031 before the highly anticipated price surge before the start of December. 

You can find more information about Lunex (LNEX) Network here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.