The recent bumper federal rate cut saw Bitcoin’s price shoot up, hitting close to previous highs of the year. This naturally means that a bull market
Dogecoin (CRYPTO: DOGE) recently breached a crucial price resistance level, setting the stage for a potential price upswing.
According to recent data, 62,270 addresses held over 36 billion DOGE at the previous price resistance of $0.11.
This price point was a key level of interest for DOGE traders, and its recent breach could lead to a price support level being established at this price.
Should this occur, it could pave the way for further upward price movement.
Given the large volume of DOGE available at this price point, any price movement could be significant.
However, it remains to be seen whether the meme token will offer the highest percentage gains for investors.
See More: Best Cryptocurrency Scanners
Ethereum Appreciates Marginally After Bitcoin Boom
Ethereum (CRYPTO: ETH), the second-most valuable cryptocurrency after Bitcoin, has risen modestly in the wake of its larger rival’s meteoric rise.
Currently trading above $2,650, ETH is expected to make the most of the upcoming altcoin season and appreciate significantly.
However, being a blue-chip crypto asset, ETH is not expected to attract a horde of new investors.
Being an already-established token with loads of liquidity, it may record big price gains, but percentage-wise, ETH won’t fetch the crazy investment returns that most people seek.
Lunex Offering The Best Of Both Worlds For DeFi Traders
Announced as a cryptocurrency exchange, Lunex is not like any exchange crypto traders are familiar with.
It exists in a space between centralized and decentralized exchanges, offering the best of both worlds.
With Lunex, traders get the accessibility provided by DEXs and the ease of use characterized by centralized exchange without the security vulnerabilities.
You can trade over 50,000 token pairs on Lunex Network, and you can do so anonymously since it is a non-custodial exchange.
Wallet connections are only required for the transfer of assets, which keeps you away from harm and prying eyes.
Why LNEX Is The Biggest Beneficiary Of The Upcoming Bull Market
During a crypto bull market, top coins like Bitcoin and Ethereum make significant price gains.
But unknown projects like LNEX tend to make the biggest percentage gains.
That’s because LNEX, the presale token that powers the Lunex Network, goes for just $0.013.
This is a low entry price, which the average investor can afford, so it’s going to attract a lot of attention.
At this price point, there’s a lot of room for growth and the upcoming bull market will only boost its price trajectory.
Dogecoin would’ve fallen into the same category but it’s an already popular token.
This makes LNEX, the biggest beneficiary of the next bull market, a must-have for ambitious investors.
You can find more information about Lunex Network (LNEX) here:
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