Trending Ethereum Token LNEX Sees Price Surge as SUI Price Action Stalls: What’s Driving the Shift?

The post Trending Ethereum Token LNEX Sees Price Surge as SUI Price Action Stalls: What’s Driving the Shift? appeared first on Coinpedia Fintech News

Ethereum investors are regaining interest as the amount of ETH in accumulation addresses has increased by 65% this year. Meanwhile, Sui’s price action has remained bearish over the past seven days. Amidst this sentiment, savvy traders are choosing Lunex Network’s viral presale offer in Q4’s bull market due to its massive 100x potential. 

Ethereum’s (ETH) Accumulation Wallets Hint at Positive Long-term Outlook

Ethereum’s price has jumped by 5.17% over the last seven days as investors begin to regain interest in the token. Even the amount of Ethereum tokens held in accumulation wallets have increased by 65% since January 2024 which indicates a significant increase in investor confidence. Since Ethereum whales seem confident about the token’s future gains, analysts are tipping at a possible rally for Ethereum soon.

Ethereum is currently trading for $2,681.64 after an intra-day increase of 1.08%. Ethereum’s volume has increased by a massive 144.44% over the last 24 hours which reflects a rise in network activity on Ethereum’s ecosystem. However, since Ethereum’s oscillators like the Momentum Indicator and CCI have turned bearish already, Ethereum’s price could experience a correction at the $2,257.72 support in the upcoming weeks. 

Sui (SUI) Remains in the Red Despite AI Integration Plans

Sui’s price experienced a significant 9.86% decline over the last seven days after the Sui Foundation faced accusations of insider trading during the recent price rally. Although the Sui Foundation denied any violations, the Sui price action reflects a steep decline in investor confidence. Sui is currently trading for $2.01 after another intra-day decrease of 3.15%. 

Sui’s volume has increased by 56.29% over the last 24 hours which could be due to a profit booking sentiment amongst Sui holders. Although Sui is trading above its key Simple Moving Averages on the daily chart, Sui’s Momentum Indicator and MACD Level have already started flashing sell signals. If the downtrend continues in the upcoming weeks, Sui’s price could crash to the $1.46 pivot before testing the critical $1.05 support. 

Lunex Network (LNEX) Price Surges to New All-Time High

Lunex Network’s viral presale has already raised more than $1.1 million within a few weeks of its launch by attracting a variety of retail and institutional investors. The reason why investors are betting on Lunex Network in Q4’s bull market is the platform’s cross-chain interoperability which is expected to dominate the crypto decentralized and centralized exchanges market by 2025. If this prediction stands true, Lunex Network could experience a massive 100x rally on launch day that sends the token’s selling price to a new high. 

Since Lunex Network features an interconnected ecosystem, the platform allows traders to swap tokens across different blockchains. This means traders no longer have to connect unsafe third-party wallets like MetaMask or TrustWallet to execute multi-chain transfers.

On Lunex Network, traders can simply register using a valid email address, select any two tokens to swap, and enter a recipient wallet address to get their new tokens within a few minutes. By offering this quick and simple transfer process, Lunex Network is positioning itself as a highly cost effective and scalable alternative to traditional DEXs and CEXs. 

If that wasn’t enough, then Lunex Network’s presale is also attracting a variety of investors who want to earn a passive income. As Lunex Network generates revenue from transaction fees and merchant listings, the platform reinvests a portion of its profits to purchase its native LNEX tokens on the open market.  These tokens are then given to current holders as staking rewards with up to 18% APY, making Lunex Network a reliable source of passive income for savvy traders.

This week, Lunex Network has kickstarted stage 4 of its presale with an initial price of only $0.0017 per token. Since Lunex Network’s demand is already skyrocketing, analysts are tipping at a massive 1800% price surge by the end of the token’s presale. 

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork