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SushiSwap And Lunex Network Gain Huge Traction As Investors Lose Confidence In BNB
SushiSwap And Lunex Network Gain Huge Traction As Investors Lose Confidence In BNB
December 11, 2024
BNB Soars And Lunex
SushiSwap has announced an innovative treasury plan that is attracting investors like moths to a flame. However, BNB is losing investor confidence after rejecting a critical resistance at $730. Meanwhile, Lunex Network is recording massive whale investments as analysts predict up to 2000% ROI for LNEX holders.
**SushiSwap (SUSHI) Rallies After Major Blockchain Announcement**
SushiSwap is making headlines after the platform decided to reshape its entire treasury plan. With this new strategy, SushiSwap is ready to increase liquidity and create a path for sustainable growth while encouraging innovation. Since 70% of SushiSwap’s treasury is set to move into stablecoins like USDT and USDC, this strategy will significantly decrease market risk. Additionally, another 20% of SushiSwap’s treasure will be allocated to top cryptocurrencies like Bitcoin and Ethereum which will offer diversification and growth opportunities to investors.
After unveiling this big plan, SushiSwap experienced a massive 59.71% rally during the last seven days. Despite these positive fundamentals, SushiSwap’s price has crashed by 9.31% today which brings the current trading price to $2.30. SushiSwap’s volume has also decreased by 42.25% which suggests low network activity after a rally. If SushiSwap regains investor confidence, the token could surge towards the $2.67 price target before the end of Q4.
**BNB (BNB) Loses Investor Confidence After Rejecting Critical Resistance**
BNB’s price experienced a 5.61% increase during the last seven days as investors regained interest in the token. However, BNB rejected a critical resistance level at $730 which triggered a sell-off sentiment amongst investors. Since BNB is experiencing a minor correction, analysts are unsure about whether or not BNB bulls can sustain the rally.
BNB is currently trading for $697.82 after an intraday decrease of 3.03%. BNB’s volume has increased by 67.12% during the same period which suggests high selling pressure. Since BNB’s RSI and MACD indicators have already recovered, analysts believe BNB could surge towards the nearest price target at $713.5 before testing the $730 level again.
**Lunex Network (LNEX) Gains Traction Before Anticipated Staking Release**
Lunex Network is outshining the entire market before its highly anticipated staking release. Since Q4’s altseason is in full swing, low-cap cryptos like LNEX are experiencing skyrocketing gains before the end of the year. Even though Lunex Network is still a newcomer in the market, the platform has already raised nearly $5 million in record time. If this momentum continues for the next few weeks, market experts are already projecting up to 1800% gains for early LNEX holders by early 2025.
Lunex Network is emerging as one of the top DeFi tokens in Q4 because of its highly attractive revenue-sharing mechanism. Since Lunex Network is a community-backed token, the platform redistributes up to 18% of its weekly revenue to long-term investors as staking rewards. In addition, these rewards are paid out using an open market buyback and token burn mechanism which creates organic demand and supply pressures on LNEX’s price. Since Lunex Network’s supply is capped at 8 billion tokens, analysts expect LNEX’s price to turn extremely deflationary over time.
Aside from offering a consistent passive income to investors, Lunex Network is also gaining popularity for its noncustodial DeFi exchange. Instead of restricting traders to a single chain like traditional DEXs and CEXs, Lunex Network has bridged the gap between isolated blockchains and offers seamless cross-chain interoperability. This means traders can swap or stake cryptos across 40 different blockchains without any additional fees.
Even with these features, Lunex Network is still selling tokens for a low price of just $0.0038 each. Since analysts are already hinting at another price jump before the end of this week, now is the ideal time to invest in Lunex Network.
You can find more information about Lunex (LNEX) Network here:
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