Cryptocurrency markets were expecting a big rally during the Uptober period, but the first two weeks of the month have exceeded expectations. As market trends suggest a bullish reversal, analysts suggest buying these top 5 tokens to get an edge in the game.
Solana, Ripple, Bitcoin, and Ethereum are gearing up for big moves in the fourth quarter, but Lunex Network could outperform them all with its next-generation DeFi platform. Let’s see why.
Flash buy signal for Solana (SOL) technical indicators
Solana was in a period of consolidation that lasted for other cryptocurrencies until the end of September, but now it is hinting at the possibility of a reversal. As Solana’s community sentiment remains 82% Bullish, analysts believe Solana’s strong community support could spark a bullish rally soon.
At the time of writing, Solana is selling for $147.68 after gaining 1.92% in 7 days. However, both Solana’s volume and open interest have been trending down over the past 24 hours, which is usually a bullish signal. If the buying pressure continues, Solana could quickly surge to its pivot at $155.94.
Ripple (XRP) shows resilience despite legal troubles
Ripple’s XRP price plummeted as soon as the SEC decided to appeal the court ruling in Ripple’s favor, but the token has shown great resilience since then. Despite the legal uncertainty, Ripple managed to post a 2.45% gain over the past seven days. This is all thanks to the bullish sentiment of the community.
Ripple XRP price is currently $0.5352, up 0.72% during the day. Investors seem to be regaining interest in the token as Ripple’s volume has also increased by nearly 40% in the past 24 hours. If Ripple XRP bulls gain the upper hand, Ripple’s XRP price could rise to a pivot point of $0.5929 in the coming weeks.
Bitcoin (BTC) is poised for a big rally soon
Bitcoin may have bounced off the key $64,000 resistance level last week, but analysts believe it could still reach all-time highs by 2025. The Bitcoin price chart is expected to continue rising as Bitcoin has yet to register a significant rally due to global liquidity trends. It’s going to be completely bullish in the coming weeks.
Bitcoin is currently trading at $62,637.03 after falling 0.52% during the day. Despite this decline, Bitcoin volume is still up 13.30% in the past 24 hours, indicating increased investor interest. If Bitcoin breaks above the 100-day simple moving average of $61,045 in the near future, the price could experience a massive rally above the $64,000 level.
Ethereum (ETH) co-founder Vitalik Buterin hopes to win Nobel Prize
Although Ethereum’s price trend may currently paint a bearish picture, this downward trend is not expected to last long. Investors are already regaining interest in Ethereum after analysts suggested on October 14 that Ethereum co-founder Vitalik Buterin will win the Nobel Prize in Economics. If he indeed wins, Ethereum’s price trend is expected to experience a massive bullish reversal, with the token’s price breaking above the key $2,800 resistance.
Ethereum is currently trading at $2,463.20 after falling 2.01% during the day. However, Ethereum’s volume has increased by 11.26% in the past 24 hours, so it appears that traders are buying the current dip in hopes of a bigger rally in the coming weeks.
Lunex Network (LNEX) emerges as the biggest gainer in Q4 bull market
The top five cryptocurrencies by market capitalization may be popular tokens, but they still face significant price fluctuations. Amid this uncertainty, smart traders are turning to explosive ICOs like LNEX Network (LNEX), which is already gearing up for a massive 100x rally by 2025.
Within weeks of the pre-sale launch, Lunex Network has already raised approximately 650,000 USDT from thousands of early investors. These traders aren’t just investing in another explosive ICO, they’re putting their money into the next big DeFi exchange that’s set to topple all existing DEXs and CEXs.
Lunex Network offers innovative cross-chain trading capabilities, so investors no longer need to worry about connecting third-party wallets like MetaMask or TrustWallet. Lunex Network allows traders to exchange over 50,000 cryptocurrency pairs on a single non-custodial platform. To further improve the situation, Lunex Network uses smart contracts to obtain the lowest possible transaction costs for traders.
If that’s not enough, Lunex Network also offers huge staking rewards through a revenue sharing model. The platform generates revenue through merchant listings and transaction fees, and reinvests large sums of profits into open market buybacks of the native $LNEX token. These tokens will be distributed to $LNEX holders as rewards up to 18% APY, giving traders the opportunity to earn low-risk passive income.
Currently, Lunex Network is selling pre-sale tokens for as low as $0.0013 each. With nearly 75% of Stage 2 tokens already sold out, analysts are already predicting a significant increase in the price of $LNEX by the end of this week.
Learn more about Lunex Network (LNEX) here.
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