BNB’s whale accumulation could trigger a massive rally in November while XRP faces selling pressure after more legal trouble with the US Securities and Exchange Commission. Meanwhile, Lunex Network is ready to record a new all-time high price after raising more than $1.5 million in presale.
What you'll learn 👉
BNB (BNB) Whale Accumulation Peaks in October
BNB is maintaining its position as one of the top performers in the crypto market. BNB’s recent whale activity shows that wallet addresses holding more than $5 million BNB tokens peaked in October which suggests a positive community sentiment.
If BNB can breach the nearest price barrier at $610, BNB’s price could experience an explosive rally toward a new all-time high in November.
BNB is currently trading for $599.09 after an intra-day decrease of 1.24%. BNB’s volume has increased by 2.70% over the last 24 hours which reflects a small rise in buying activity. Since BNB’s Relative Strength Index is still in neutral territory, BNB’s price could test the $633.7 resistance in upcoming weeks.
XRP (XRP) Faces Selling Pressure After US Court Orders Ripple to Consider Alternative Resolution
XRP’s CEO Brad Garlinghouse recently requested the US Court to issue a final judgment on plaintiff class action claims but the court has issued an order asking both parties to consider an alternative resolution before the proceedings. Since XRP’s price is known to be affected by this legal trouble with the US Securities and Exchange Commission, analysts expect XRP to face more selling pressure in upcoming weeks.
XRP is currently trading for $0.5214 after an intra-day decrease of 0.75%. XRP’s volume has increased by 3.60% over the last 24 hours as some short holders are selling out. Since XRP’s daily chart is flashing strong sell signals, XRP’s price is likely to crash to the $0.4305 support in the next few days.
Lunex Network (LNEX) Reaches New All-Time High Price in Presale Stage 5
Lunex Network is expected to be one of the biggest gainers in Q4’s bull run as the project has raised more than $1.5 million within a few weeks of its presale launch. Since analysts are hinting at an altcoin season during Q4’s bull run, Lunex Network is expected to reap massive 1,800% gains by the end of its viral presale. If these predictions are proven true, Lunex Network could experience a massive 100x rally on the token’s official launch day.
The reason why Lunex Network is quickly gaining traction is the platform’s cross-chain interoperability features that allow traders to swap more than 50,000 tokens across different blockchain networks. Since Lunex Network has a no-KYC policy, traders can keep their identities private as they make big transactions.
The best part about trading on Lunex Network is that it executes all trades through smart contracts and removes the need to rely on automated market makers. Instead of being kept in the dark, traders can keep full control of their crypto tokens and view transparent analytics for every trade.
If that wasn’t enough, then Lunex Network is already offering a mobile exchange, portfolio tracker, and a merchant payment gateway for businesses to accept crypto-to-fiat payments from their customers. Lunex Network is also giving away 200 exclusive Lunex Black Cards to VIP-tier presale holders who can use their cryptocurrencies to make day-to-day payments anywhere in the world.
Even with these revolutionary features, Lunex Network is still selling tokens for a low price of only $0.0019 during stage 5 of its presale. As Lunex Network gains traction ahead of Q4’s bull run, analysts are tipping at another all-time high for LNEX in the first week of November.
You can find more information about Lunex (LNEX) Network here:
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