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 could be on the horizon, and altcoin season may well be in session anytime soon.
As a result of the positive market sentiments, crypto analysts believe Dogecoin could see a tremendous price boom. The goodwill could spill onto Ethereum, too, and Lunex Network, a brand new project, wouldn’t be left out. In fact, crypto experts believe that Lunex could be the biggest beneficiary of the bull market. This article explains why.
What you'll learn 👉
Will Dogecoin break old records?
Dogecoin recently broke through the crucial $0.11 price resistance level. This used to be important for DOGE, as it was the point where 62,270 addresses held over 36 billion DOGE.
It was a formidable barrier, and Dogecoin surpassing it excited the meme community.
DOGE is still trading above this price point, and analysts believe the meme token could turn this resistance level into a support level. Should this happen, it could unlock the door to an upward price movement. Dogecoin’s potential returns in the near future are expected to be significant, but will the king of meme coins fetch investors the biggest percentage gains?
Ethereum appreciates marginally after the Bitcoin boom
Ethereum, the second-most valuable cryptocurrency after Bitcoin, has risen modestly in value in the wake of its larger rival’s meteoric rise. ETH is currently trading above $2,650. It is expected to make the most of the upcoming altcoin season and appreciate significantly.
However, ETH is not expected to attract a horde of new investors. Being a blue-chip crypto asset, a lot of investors hold Ethereum already. Apart from that, it’s an already established token with loads of liquidity. It may record big price gains, but percentage-wise, Ethereum won’t fetch the crazy investment returns that most people seek.
Lunex Network: Offering the best experience possible for DeFi traders
Lunex, first and foremost, is a cryptocurrency exchange. But it’s 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.
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 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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