Investors Shift from Bonk & Dogecoin to Rising Lunex Network

Bonk and Dogecoin were preparing for massive rallies but sudden selling pressure has pushed both of these meme coins into bearish territory. Meanwhile, Lunex Network is soaring through its presale after raising more than $1.2 million in record time. 

Bonk (BONK) Investors Not Ready for a Rally

Bonk coin recently recorded a significant 34% increase over two weeks which was setting the stage for a massive rally. Even though Bonk is forming a giant triangle pattern, market experts believe Bonk investors aren’t ready for a breakout yet. Bonk is currently trading for $0.0000223 after an intra-day decrease of 2.79%. 

Bonk’s volume has also decreased by a significant 51.93% over the last 24 hours which validates the bearish thesis. Even though Bonk is trading above its Simple Moving Averages on the BONK/USDT daily chart, Bonk’s price is likely to crash to the $0.00001747 support due to low investor confidence.

Dogecoin (DOGE) Whales are Booking Profits

Dogecoin recorded an impressive 10.47% increase over the last seven days but investors have suddenly started booking out. In the last 24 hours, Dogecoin investors liquidated $5.32 million worth of DOGE tokens. Since this is typically considered a sell signal, Dogecoin’s community sentiment is now heading into bearish territory. 

Dogecoin is currently trading for $0.1402 after a small 0.29% intra-day increase. Dogecoin’s volume has decreased by 22.36% over the last 24 hours which typically suggests that investors are losing interest. If profit-taking ensues, Dogecoin’s price could crash to the $0.09 support.

Lunex Network (LNEX) Attracts Investments Worth $1.2 Million in Explosive Presale

Lunex Network’s ICO was launched only a few weeks ago but the token is already emerging as one of the top gainers in October. Since Lunex Network has managed to raise more than $1.2 million in its presale, analysts are positive about this new DeFi project becoming the next growth crypto in 2025. 

The reason why Lunex Network is attracting both short and long-term holders is the platform’s multi-chain trading capabilities. By launching a non-custodial ecosystem that is powered by the latest Web3 technology, Lunex Network allows traders to swap any two cryptocurrencies across 40,000+ different blockchains. 

If that wasn’t enough, then Lunex Network is offering this cross-chain interoperability at the lowest cost in the market. Thanks to Lunex Network’s smart contracts, the platform is able to source liquidity from different networks and split the trade in the most efficient manner to offer the lowest transaction cost to traders. By using smart contracts, Lunex Network also removes all automated market makers and gives traders complete transparency and control over their digital assets.

To make things even better, Lunex Network’s revenue-sharing model gives back to long-term holders through weekly rewards. After generating revenue from sources like transaction fees and merchant listings, Lunex Network repurchases LNEX tokens from the open market through a buyback mechanism. These tokens are then distributed to current stakers as rewards with up to 18% APY which allows traders to earn a consistent passive income by investing in Lunex Network. 

Lunex Network is currently in stage 4 of its presale and the LNEX token is selling for a low price of only $0.0017. As Lunex Network gains momentum in the upcoming bull market, analysts are expecting the token’s price to surge high before the end of the presale stages.

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

Lunex Network Website | Lunex Socials

Follow The Crypto Times on Google News to Stay Updated!