Chainlink just dropped 18 million LINK tokens on Binance from its non-circulating supply addresses, and BNB crossed the critical $600 resistance. Despite these bullish outlooks, savvy traders are still switching to explosive presales like Lunex Network ($LNEX) that are poised for 100x gains by 2025.
Chainlink (LINK) Injects Bullish Momentum with Token Unlock
Chainlink recently unlocked 18.75 million LINK tokens from its non-circulating supply addresses, and nearly 18 million tokens were sent to Binance. Since these Chainlink tokens were valued at over $207 million, they injected a bullish momentum in Chainlink’s price action. Chainlink is currently trading at $12.44 after a 0.25% intra-day surge.
Last week, Chainlink also announced a collaboration with Metris, which involves using Chainlink’s Cross-Chain Interoperability Protocol to develop dApps on Metris. As Chainlink works on cross-chain functionality, demand for the LINK token is expected to rise. Chainlink’s 24-hour trading volume is also Forecast to Increase, reflecting the increasingly bullish sentiment around Chainlink right now.
BNB (BNB) Struggles with Short Holders
BNB’s price went on a bullish run as soon as the US Federal Reserve announced an interest rate cut last week. In the last seven days, BNB’s price has rallied by more than 14%. At press time, BNB was trading for $608.46 after a 4.15% intra-day increase.
Although BNB breached the crucial $600 level this week, BNB's on-chain data still reveals a mixed community sentiment. Since BNB's funding rate is still negative, more traders seem to be betting on short-term declines than rallies. If these short holders start booking profits soon, BNB's price could experience steep declines in the upcoming weeks.
Lunex Network ($LNEX) Gains Traction with Revolutionary Cross-Blockchain DeFi Exchange
As Chainlink integrates with other platforms to enable dApp development using its cross-chain interoperability protocol, Lunex’s Network ($LNEX) new DeFi exchange is doing it all under one roof. Although Lunex is still in presale, the platform’s revolutionary cross-blockchain DeFi exchange is already experiencing viral success.
Analysts are bullish about Lunex’s Network potential because of the platform’s commitment to bridging the gap between different blockchains. By allowing cross-blockchain swaps that allow traders to swap any two cryptocurrencies at fast speeds and low fees, Lunex is disrupting the entire crypto space forever.
If that wasn’t enough, then Lunex Network also offers long-term utility through its native $LNEX token. By becoming long-term holders, traders can start receiving staking rewards with up to 18% APY in as little as 30 days.
Lunex Network has just started its first presale stage, with tokens selling at a low price of only $0.0012 each. With analysts already projecting a massive 1800% rally for Lunex Network before the end of its presale, Lunex is expected to become the leading decentralized crypto exchange by 2025.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
