Investors are already stocking up on their Bitcoin and XRP as the market seems to be gearing up for a long-awaited reversal. Meanwhile, newcomers like Lunex Network are also experiencing a high adoption rate before the broader crypto market turns extremely bullish. Since BTC and XRP are prone to fluctuations because of macroeconomic uncertainty, Lunex Network’s low-cap altcoin offers a better investment opportunity to traders who want to enter the market at a low entry point.
Bitcoin Consolidates On Higher Support Levels
Bitcoin (BTC) is currently consolidating just below the $100k mark as selling pressure is easing off and buyers are stepping in. The increase in buying activity is also driven by Donald Trump’s plans to establish a Bitcoin strategic reserve and position the US as the crypto capital of the world.
Bitcoin is currently trading for $97,420 after an intraday surge of 1%. On the other hand, Bitcoin’s trading volume has recorded a 30% decrease over the last 24 hours, suggesting a reduced market participation rate hinting at an uneventful weekend. Since Bitcoin’s technical indicators like the 100-EMA and 200-EMA trendlines are already flashing strong buy signals, Bitcoin’s price could test the $100k resistance as early as next week, if buying activity picks up.
XRP (XRP) Leads the Bullish Market in January with Explosive Growth
XRP is among the few majors that are still in the green on the weekly timeframe as it recorded a 10% surge, outperforming Bitcoin, Ethereum, and Solana. The XRP/BTC pair has surged by nearly 170% in the last six months, suggesting strong altcoin growth momentum. XRP already established a new local peak at $3.30 earlier in January, but analysts expect even bigger gains for XRP before the end of Q1, once this cool-off phase is completed.
XRP is currently trading for $2.70 after an intraday decrease of 3.5%. XRP’s volume has remained stable, with $5.1 billion worth of tokens traded in the last 24 hours. XRP is still trading above its 50, 100, and 200-day Exponential Moving Averages, hinting at the possibility of a bullish continuation. Since XRP’s Momentum Indicator is still positive, XRP could rally toward $3 relatively soon.
Lunex Network (LNEX) Prepares for 1800% Pre-Launch Gains
Lunex Network is using disruptive Web3 technology to create an interconnected ecosystem that facilitates seamless cross-chain trading. To address the inconsistencies of traditional DEXs and CEXs, Lunex Network allows users to trade 50,000+ tokens across more than 40 different networks.
This cross-chain interoperability is powered by Lunex Network’s smart contract and has already passed a comprehensive security audit by SolidProof. Every trade is strategically split across different networks to source the highest possible liquidity, giving users the advantage of low gas fees.
Beyond trading, Lunex Network also offers attractive staking rewards to investors that incentivize long-term holding. During the presale, LNEX holders can add tokens to their staking pools to secure up to 18% APY in rewards. Afterward, investors can earn bigger rewards as the Lunex Network ecosystem grows through the revenue-sharing model.
Every week, Lunex Network uses a fixed percentage of its revenue to repurchase LNEX on the open market and redistributes these to current holders as rewards. Since the LNEX token also gives users voting rights, investors turn into significant shareholders in the Lunex Network ecosystem.
Lunex Network’s explosive presale momentum has already helped the platform accumulate more than $7.2 million in record time, opening up an avenue of possibilities for the platform after its official launch. LNEX tokens are currently selling for only $0.007 each, making now the ideal time to invest before the platform reaches up to 1800% pre-launch gains.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork