Just recently, expert analyst Ali Martinez noted a significant market movement involving the withdrawal of over $750 million worth of Ethereum (ETH) tokens from exchanges over the past weeks. This move suggests that investors are steadily moving their ETH holdings into self-custody or staking solutions.
While this trend also hints at a more long-term, hold-oriented sentiment among Ethereum holders, the attention it has generated is driving investors’ urge to diversify. Consequently, Fantom (FTM) and Lunex Network (LNEX) stand out as top choices. Lunex Network in particular, is drawing widespread attention due to its robust capabilities.
Lunex Network Gains Massive Recognition As The Next DeFi Altcoin With Potential To Rally 100x
Taking a significant step towards increased DeFi adoption, Lunex Network (LNEX) stands out as a lucrative and robust DeFi protocol where users can trade up to 50,000 cryptocurrencies across several blockchains in a non-custodial exchange platform. Lunex Network particularly allows investors to use its platform without needing their personal details or third-party wallet apps like MetaMask.
However, beyond facilitating speedy crypto swap and transfer at a very low cost, Lunex Network expands DeFi development by allowing businesses or merchants to accept crypto payment by simply integrating its B2B merchant payment gateway. Meanwhile, businesses can also swap these tokens for fiat currency on its platform. Additionally, the network has provided over 65+ RPC nodes, to enable Web3 developments across all sectors.
Furthermore, Lunex Network rewards its users with its revenue share model and also delivers up to 18% APY as passive income to its token holders. Its native token, $LNEX, currently sells at $0.0019 in its fifth presale stage where over $1.5 million has been accumulated as revenue. More interest is pushing these figures up as investors rush the steady profit stream generated from its swapping revenue.
Ethereum Investors Are On Their Toes As Trading Supply Shrinks Once More
Despite nearly 2% decline in the past months, the price of Ethereum (ETH) coin has seen significant price pumps that a lot of ETH investors hold dear. With its recent slight pump above $2,700, investors are hopeful that more consolidation around this price level could gradually take ETH price above $3,000 again. However, its price currently holds in a weekly range of $2,429 and $2,638.
With the recent withdrawal of over 300,000 ETH, valued at approximately $750 million, potential investors are also more keen on securing a strong position in the crypto market This news further indicates the growing confidence in long-term potential of Ethereum coin.
More interestingly, the additional shrinkage in the trading supply of Ethereum token could lead to an upward pressure, thereby sparking optimism among holders. For now, its moving averages are indicating a very strong buy signal, showing that there’s a possibility for a significant price resurgence any time soon.
Fantom Token Maintains Its Price Resurgence As It Approaches $1
The price of Fantom token has been generally impressive this year, as it crossed the crucial $1 mark in Q2. After consolidating back to lower levels and now pricing in a weekly range of $0.6126 and $0.7184, the token still shows over 200% year-to-date surge.
This price positivity has sustained activity on Fantom network as its network volume just jumped by 9%. Additionally, the native FTM token has increased by nearly 6% in the past month and less than 1% in the past week, indicating a slow but steady ascent to $1 after resurging from a fall to $0.29 back in August.
Moreover, according to the technical analysis of Fantom (FTM) on TradingView, both oscillators and moving averages are indicating a strong buy signal. This has pushed buying interest as investors expect an imminent surge for Fantom price in the next bull run.
Can Lunex Network Surpass Ethereum In Market Cap?
The possibility of Lunex Network to surpass Ethereum in market cap is a very lofty goal for the newly-launched altcoin. However, the potential for this development is existent. Should its robust decentralized protocol steadily gain traction, Lunex Network could potentially contend with Ethereum in a few years from now.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
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The post Over $750M ETH Tokens Left Exchanges in Two Week; Investors Eye These Two DeFi Coins As Ethereum’s Next Big Competitors appeared first on TheCoinrise.com.
