According to a pseudonymous trader, Daan Crypto Trades, Bitcoin could swing by at least 10% in either direction, depending on who wins the election. Currently, the pioneer cryptocurrency changed hands for $68,823, an upswing of 0.69% in the past 24 hours. Amid the renewed bullish sentiment, Cardano’s price shows potential signs of consolidation in a bull pattern, which could trigger parabolic runs to push the token to new levels.
Meanwhile, Lunex Network (LNEX) intends to disrupt the DeFi space by introducing practical financial tools to enhance user experience like never before. It’s no surprise that investors are turning to Lunex, raising over $1.8 million in the initial stages of its price discovery.
Lunex Network: The gateway to Seamless Trading
While redefining the DeFi experience, Lunex Network (LNEX) will give easy access to spot trade of more than 50,000 cryptocurrencies spread over various blockchains at the lowest costs. It also boasts a novel non-custodial wallet where users store, buy, sell, and swap crypto assets all in one place. Outside of trading and storage, Lunex has a portfolio tracker.
This unique feature will enable users to track their entire financial portfolio. Unlike traditional trackers that prioritize cryptocurrency, Lunex Network allows users to monitor a wide range of assets, including bonds, ETFs, equities, and cryptocurrencies. What’s more interesting is that the project was designed for new and seasoned DeFi traders. It has a simple interface that has streamlined the complexity of crypto trading and storage.
So far, Lunex has successfully completed five stages of its presale campaign and is selling for a low price entry point of $0.0019. This marks an over 58% leap from its initial offering of $0.0012. There is an expectation of more rallies during its presale, ultimately offering an intriguing opportunity for investors to make exponential returns before its price soars.
Bitcoin Price Could Swing At Least 10%
The pioneer cryptocurrency could jump by at least 10% depending on who wins the US election as its volatility hit its highest point in three months. In a post shared on X, Daan Crypto Trades indicated that Bitcoin’s weekly close was not its cleanest, but this wouldn’t matter much due to the looming US election. Bitcoin’s price is currently hovering above the $68K mark, a 0.57% uptick in the past 24 hours.
Meanwhile, its volatility index recorded a three-month high on November 3. Bitcoin almost hit a new all-time high by briefly surging to $74,649 on October 29 before slipping sharply due to election uncertainty. Analysts believe Bitcoin needs to sustain a break above its resistance around the $74K level to confirm an uptrend that could see it move towards the $80K mark.
If the BTC coin fails to reach this level, it will sustain a retreat below its support level around the $65K mark. Moreover, the asset will witness a return to its seven-month downward trend channel. In any case, the optimism surrounding the BTC token amid the looming election is optimistic as market pundits cite bullish trends and various tailwinds regardless of which candidate wins.
Cardano Price Aims for a Breakout
The crypto market has witnessed a bear-phase in recent months, with several altcoins, including Cardano, seeing their value decrease. Cardano recorded massive contraction, sparking speculation about its future value prospects. However, its on-chain technical indicators show that Cardano’s price is consolidating within the bull pattern, which could lead to a vital uptrend that could push its value to new highs.
Notably, crypto expert World of Charts suggests that the bullish pattern formed in December 2023 could lead to a massive breakout rally for the ADA token in the coming months. The bullish reversal resembles its 2020 bull rally. IntoTheBlock data indicates that the number of bear investors is higher than the number of bull investors last week. This increasing prevalence of bears has been a key driver to ADA’s price correction, which has triggered a decline of 1% in the past 24 hours.
The $0.3438 level has become a significant psychological level for traders seeking a trend reversal signal. After its sharp decline, about 12% of ADA holders are in profit, which is still a significant percentage for a popular project of such magnitude. The current dynamic provides an opportunity for investors looking to gain long-term. A potential breakout could push a rapid recovery, bringing its value above the $0.5 mark and increasing profit for several addresses.
BTC, ADA, and LNEX Are All Poised For A Rally
As the market anticipates price movements for all crypto assets amid election uncertainty, Lunex Network is expected to profit in the next bull run. Its commitment to giving users creative tools for their financial portfolios has positioned the platform as a strong contender, ready to outpace popular tokens like Cardano.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork