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When the Binance ICO was taking place some years ago, not everyone thought that BNB (BNB) would turn out to be as valuable as it is today. Meanwhile, some futuristic investors who knew that Binance was a promising platform invested early. Early investors who patiently held at least some of their tokens would be swimming in almost 400,000% profits now.
However, some investors bought the token later on and still made big gains. An expert who predicted that Binance coin (BNB) would reach $600 when it was still at $50 is now backing Dogecoin (DOGE) and Lunex Network (LNEX) for the next big surge. While Dogecoin (DOGE) is slowly rising in price, Lunex Network is massively making sales in the ongoing presale.
As much as Lunex Network grants DeFi enthusiasts access to more than 50,000 cryptocurrencies to trade or swap across more than 40 blockchains, the platform also rewards holders of the LNEX token. Lunex Network ensures that LNEX holders earn passively by getting a percentage of the weekly revenue generated on the platform.
This sets Lunex Network apart from many other decentralized exchanges, such as PancakeSwap and SushiSwap, that use liquidity provider (LP) reward models. In addition, Lunex Network tries to create deflationary pressure through buybacks and a portion of its revenue which is used to repurchase LNEX tokens from the open market.
Meanwhile, the LNEX presale is currently ongoing and each token is priced at only $0.0015 in stage 3 of the presale. It would interest you to know that the rate at which investors are joining the presale is not even a small thing. Just within weeks, over 630 million LNEX tokens have already been sold and more than $800,000 has been raised in presale revenue.
Even though the Binanec coin BNB dipped to the $540 support zone, the altcoin was able to sustain above that level despite significant market fluctuations. While the crypto market saw a general downturn sometime around July, the BNB price showed resilience and stability compared to some other altcoins since most of its gains this year were not shed off.
The outstanding performance of the Binance coin BNB over the past months has helped the altcoin to keep its fourth ranking in market capitalization. Notwithstanding this, some investors are wondering if BNB (BNB) could keep performing well as time passes.
One of the factors that has created this pessimism among investors is the decline in on-chain activity by about 37% within the past week. Moreover, some investors might say that Binance services like discounted trading fees, which fell to the lowest level in almost 4 years, and exclusive access to the launchpad affect the value of BNB (BNB).
That the meme coin market is fast expanding and attracting investor attention in its volume is not news. Although Dogecoin (DOGE) still ranks highest among memecoin based on market capitalization, some analysts project a notable price rise for it.
Although for weeks the Dogecoin price has been trading above the $0.1 level, holders are hopeful about the future price movement of the altcoin. Usually, Dogecoin (DOGE) has been known for price swings and community-driven hype.
Nonetheless, some aficionados are projecting a strong Dogecoin price prediction whereby the altcoin might reach $12 in 2024. While some believe that achieving this price target is possible, some think that $12 is quite unrealistic for the Dogecoin price to attain in 2024.
Although early investors in the Binance ICO who held their BNB (BNB) tokens till now must have seen almost 400,000% gains, Lunex Network aims to deliver even bigger returns in the coming years. While Dogecoin (DOGE) is making a gradual ascent, the LNEX tokens are quickly getting sold in the presale, boosting the potential for a huge surge in the coming days.
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
