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Ethereum (ETH) Surpasses $2,600 Milestone as Buying Pressure Picks Up

Patricia Arquette
Release: 2024-10-21 19:30:22
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Ethereum is finally experiencing significant buying pressure as the token's network activity has reached a weekly high.

Ethereum (ETH) Surpasses ,600 Milestone as Buying Pressure Picks Up

Ethereum (ETH) is finally seeing some serious buying pressure, with the token's network activity hitting a weekly high. Considering Ethereum's Gas Fees are currently as high as 55 Gwei, analysts are suggesting that ETH is now regaining investor confidence.

Ethereum is currently trading at $2,624.87 after an intra-day increase of 0.26%. As both Ethereum's Momentum Indicator and MACD Level are indicating high buying pressure, Ethereum price predictions are suggesting that the token could be testing the critical $2,837.11 resistance in the next few days.

Polkadot (DOT) fails to excite investors despite upcoming sub0 conference in November

While Polkadot's ecosystem is set to receive some major updates during the sub0 conference in November, Polkadot's price has failed to make any significant movements over the past few weeks, indicating that investors are losing interest in Polkadot.

Polkadot is currently trading at $4.23 after a minor intraday increase of 0.50%. There has been a decrease in Polkadot's volume by 8.25% over the last 24 hours, suggesting a decrease in investor interest. As Polkadot is trading below all of its key Simple Moving Averages on the daily chart, we can expect to see Polkadot's price decline to the $3.83 support soon.

Lunex Network (LNEX) presale tokens are running out fast

As one of the market's most explosive ICOs, Lunex Network has already managed to raise over 1,000,000 USDT within just a few weeks of its presale launch. As Lunex Network's presale tokens are quickly running out, analysts are now projecting up to 1800% returns for LNEX holders by the conclusion of the presale stages.

The reason why investors are rushing to add Lunex Network to their portfolios is due to the platform's utility and scalability. Rather than following traditional decentralized or centralized exchanges, Lunex Network is launching a DeFi exchange that will allow traders to swap tokens across different blockchains. Even with this cross-chain interoperability, Lunex Network still offers incredibly low transaction fees and high-speed transactions through smart contracts.

Lunex Network is also attracting a wide range of Web3 developers who can benefit from the platform's 65 RPC nodes. As LNEX investors can lease nodes, Web3 developers can easily build dApps that function across 40,000 different blockchains. To top it all off, Lunex Network also offers a portfolio tracker that helps traders keep tabs on their tokens, stocks, bonds, and ETFs all in one place.

Despite Lunex Network still being in presale, analysts are already tipping a 100x rally for LNEX on launch day. If these predictions hold true, we could see Lunex Network claiming a spot for itself among the Top 5 cryptos by market cap in 2025. Currently, Lunex Network is in stage 3 of its presale, with tokens going for a super low price of only $0.0015 each.

To learn more about Lunex (LNEX) Network, visit the following links:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

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