Ethereum’s price action is finally recording positive momentum and Aptos’ has launched a series of events to give away up to 1.5 million USDT in prizes. As the crypto market heads into this late Uptober, savvy traders are also buying into Lunex Network’s viral presale that has already raised $1.1 million in presale.
Ethereum’s (ETH) Staking Model Poses Threat to Network’s Decentralized Nature
Ethereum’s founder Vitalik Buterin recently highlighted the issue that Ethereum’s current staking model is creating barriers to entry for small stakers. Since traders must stake at least 32 ETH worth more than $87K to become solo validators on Ethereum’s blockchain, large stakers have now acquired a significant number of validator nodes. If this trend continues, Ethereum’s network could end up becoming centralized with all the power resting in the hands of a few large investors.
Since Ethereum’s founder is ready to address this concern, Ethereum price action has been recording positive jumps lately. Ethereum is currently trading for $2,667.14 after a minor intra-day decrease of 1.41%. Since Ethereum’s volume has increased by 88.98% over the last 24 hours, analysts believe Ethereum could test the nearest resistance at $2,837.11 in the next few weeks.
Aptos (APT) Attracts Investors with 1.5 Million USDT in Prizes
Aptos has recently joined forces with MEXC to launch a series of events that revolve around Aptos’ native APT token. All Aptos holders can participate in events like Locked Savings and Futures Trading to win a portion of the total prize pool of 1.5 million USDT. Since MEXC is also allowing traders to trade and hold Aptos tokens with zero trading fees during the event, Aptos’ daily chart has turned extremely bullish.
Aptos is currently trading for $10.02 after a minor intra-day decrease of 1.05%. Aptos’ volume has surged by 59.02% over the last 24 hours which reflects a rise in investor confidence ahead of the big event. Since Aptos is currently trading above all of its Simple Moving Averages, Aptos’ price could test the $13.55 resistance soon due to increased demand.
Lunex Network (LNEX) Dominates Uptober with Latest Price Surge
Lunex Network is a new DeFi protocol that has been dominating Uptober with its explosive presale success. Lunex Network’s DeFi exchange allows traders to store, swap, or stake over 50,000 different cryptocurrencies across different blockchains with the click of a button. By simplifying cross-chain transactions while offering minimal costs, Lunex Network is expected to dominate Q4’s bull market with a massive 1800% price surge before the end of its presale.
Lunex Network sets itself apart from traditional DEXs and CEXs by offering better privacy and user control features. Unlike other platforms, traders using Lunex Network don’t need to undergo cumbersome KYC checks. Since Lunex Network is a non-custodial platform, traders can retain complete control of their private keys and assets.
Aside from trading features, Lunex Network’s native $LNEX token gives traders a way to earn a consistent passive income. Instead of relying on liquidity provider rewards through third-party apps, Lunex Network has a revenue-sharing model that distributes a portion of the platform’s weekly revenue to current LNEX holders. Since these rewards are paid out by repurchasing tokens on the open market, Lunex Network’s deflationary tokenomics are expected to boost the token’s value over time.
In only a few weeks of its presale launch, Lunex Network has already gained significant investor attention and has raised more than $1.1 million during its ICO. This week, Lunex Network has entered stage 4 of its presale with tokens selling for a low price of only $0.0017 each. Market experts are already projecting a massive 1800% rally for LNEX in upcoming months and an even bigger 100x rally on the token’s launch day.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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