As the cryptocurrency market anticipates a bull rally, experts are closely observing promising altcoins. Neiro Ethereum (NEIRO), Lunex Network (LNEX), and Floki (FLOKI) are contenders with unique features and community support. This article explores industry experts’ thoughts on the reason these cryptocurrencies could trigger the next market surge.
As the cryptocurrency market anticipates a bull rally in October, promising altcoins are closely observed by experts. Among them, Neiro Ethereum (NEIRO), Lunex Network (LNEX), and Floki (FLOKI) are making waves with their unique features and strong community support. Here's why these cryptocurrencies might trigger the next market surge, according to industry experts.
1. Whales May Boost Neiro Ethereum (NEIRO) Comeback In October
Neiro Ethereum (NEIRO) is currently in an accumulation phase, and significant whale activity has been observed in the past week. On-chain data reveals that several large cryptocurrency entities have increased their holdings of NEIRO tokens, bolstering the momentum behind Neiro Ethereum.
For instance, on October 10th, an entity shifted 100 million NEIRO tokens, valued at about $1.1 million at the current exchange rate. This bulk purchase signaled strong interest from institutional investors in Neiro Ethereum.
Moreover, Neiro Ethereum's growing decentralized base and increasing market capitalization are positioning it for further expansion in the upcoming bull cycle.
2. Bulls Remain Optimistic About Floki (FLOKI) After 19% Gain
The sixth-largest meme coin, Floki (FLOKI), currently has a market capitalization of about $1.51 billion and is trading at a price of $0.000158, showing a 19% increase in the past seven days. Notably, Floki has now surpassed a resistance level that corresponds to a 50% price retracement in its recent upswing.
If Floki manages to sustain itself above this crucial level, its value could potentially rise by another 21% to reach $0.000188. However, if it falls below $0.000154, it could retest the 0.000135 low.
Meanwhile, the Relative Strength Index (RSI) of Floki has dropped from 70 to 66, indicating a loss in its bullish momentum. Despite this, buyer support remains strong at this stage.
3. Lunex Network (LNEX) Set To Be The New DeFi King
Lunex Network is a next-generation decentralized finance (DeFi) platform that combines liquidity, security, and non-custodial services. Its multi-chain exchange supports over 50,000 currency pairs by pooling liquidity from multiple sources, attracting investors' attention.
The platform will also introduce a portfolio tracker application designed to help users manage their wealth and quickly assess their financial health. The Lunex Network Portfolio Tracker will enable users to efficiently monitor their cryptocurrencies, ETFs, bonds, and stocks.
Additionally, Lunex Network will be rolling out a tool called Lunex Pro, a subscription service that provides advanced features for cryptocurrency management. Users subscribing to Lunex Pro will receive cashback on every transaction and have the ability to perform AML wallet address checks.
Beyond its impressive technical features, Lunex Network is poised to drive broad business adoption through a non-custodial payment gateway. This gateway allows merchants to accept cryptocurrencies easily and convert payments to fiat after transactions, facilitating a wider range of applications for $LNEX tokens.
To incentivize long-term investment, Lunex Network will offer $LNEX holders an 18% annual yield through its staking system. As a reward for their support, $LNEX holders will enjoy premium benefits, including discounted transaction fees and strategic buybacks that support the token's deflationary model.
This promising altcoin is also generating excitement among analysts, with some predicting significant growth during the presale and afterward. There are rumors that it could experience a potential surge of up to 1,800% during the presale phase alone, making Lunex Network one of the most promising altcoins for 2024.
The $LNEX token, priced at $0.0013, has seen over 200 million tokens sold in its first presale stage, reflecting growing demand. Early investment is key for maximum benefit.
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